Four-Unit Multifamily
For Sale
$586,000
5245 Golden Lane, Las Vegas, NV 89119
Four-unit property with a community pool and month-to-month tenancy across most units.
Property Size3,844 SF
Days on Market174
Property Features for 5245 Golden Lane
General Information
Standard status
Active
Size
3,844 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,916
Amenities
community pool
Building Details
Building Size
3,844 SF
Year Built
1977
Listing Agency:
Limestone Investments LLC
Listed By:
James H. Eagan · License #B.1000724
(702) 287-1092
Source:
Virtuelre
Added: Apr 29
Changed: Oct 10
Last Checked: Oct 16 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Limestone Investments LLC
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Investment Insights
Based on property information with market context.
This fourplex at 5245 Golden Ln in Las Vegas, NV 89119 contains 3844 square feet and was built in 1977. The property includes a community pool, while the HOA covers water and trash. Most tenants occupy their units under month-to-month agreements, creating flexibility in future tenancy management.
The property is positioned near UNLV, the Las Vegas Strip, shopping, dining, and other local conveniences. Its four-unit configuration, existing rental history, and centrally situated Las Vegas address provide a compact multifamily asset with established occupancy arrangements and shared community amenities.
The property is positioned near UNLV, the Las Vegas Strip, shopping, dining, and other local conveniences. Its four-unit configuration, existing rental history, and centrally situated Las Vegas address provide a compact multifamily asset with established occupancy arrangements and shared community amenities.
Key Highlights
- Four‑unit multifamily property at 5245 Golden Ln, Las Vegas, NV 89119
- 3844 square feet
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,245
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,900
$884.9K
Cap Rate 7%
$632,071
$632.1K
Cap Rate 9%
$491,611
$491.6K
Market Conditions
NOI Build-Up for 3,844 SF
Gross rent
$66.9K $17.40/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$63.2K $16.44/SF
− OpEx
−$19.0K −$4.93/SF
NOI
$44.2K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,900
Cap Rate 7%
$632,071
Cap Rate 9%
$491,611
Alternative Uses
Best Use
Multifamily LT 5
$632.1K
$553.1K – $737.4K
NOI $44,245 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 6.98%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,978 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with a community pool and month-to-month tenancy across most units.
Where is this quadplex located?
The property is located at 5245 Golden Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $586,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 5245 Golden Ln, Las Vegas, NV 89119; 3844 square feet; Built in 1977
