5235 Gray Lane Las Vegas, NV 89119
MULTI_FAMILY - Other - Las Vegas, NV
- Added:
- Apr 17, 2026
- Days on Market:
- 86
- Last Refresh:
- Jul 11 at 6:06 pm
Property Features for 5235 Gray Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Window features
- Blinds
- Interior features
- Ceiling Fan(s), Window Treatments
- Appliances
- Oven, Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- 162-27-611-320
- Size
- 3,748 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1940
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Wood, Tile
- Building materials
- Stucco, Wood Frame
- Roof type
- Shingle, Composition
- Architectural style
- Other
Listing agent Diana Day License #S.0063796 (702) 505-3484
Listing office Win Win Real Estate 9480 S Eastern Ave #269, Las Vegas, NV (702) 789-7172
Listing date Apr 17, 2026
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 5235 Gray Lane in Las Vegas, Nevada 89119. The HOA is stated to cover water, sewer, and trash services, which can simplify monthly operating expense management for the ownership team. The public remarks also note that the property is situated just minutes from UNLV, Harry Reid International Airport, and the Las Vegas Strip, along with access to shopping, dining, and freeway connections.
For investors seeking a ready-to-operate small multifamily asset, this fourplex provides a diversified unit mix with in-unit laundry and assigned private garages for tenant convenience. For owner-operators, the described HOA coverage for key utilities may help reduce variability in recurring costs while maintaining the property through a managed community setting. The combination of unit variety and turnkey occupancy can support straightforward positioning for prospective renters.
Key Highlights
- Fully occupied fourplex with unit mix of 3BR x1, 2BR x1, and 1BR x2
- Each unit includes a private garage plus in‑unit washer and dryer
- Central heating and central air; electric (heating) system
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.2k | $17.40 |
| − Vacancy | −$3.6k | −$0.96 |
| EGI | $61.6k | $16.44 |
| − OpEx | −$18.5k | −$4.93 |
| NOI | $43.1k | $11.51 |
