Four-Unit Multifamily
For Sale
$591,000
5245 Golden Ln, Las Vegas, NV 89119
Four-unit property with a community pool and month-to-month tenancy across most units.
Property Size3,844 SF
Price / SF$153.75
Days on Market36
Property Features for 5245 Golden Ln
General Information
Standard status
Active
Size
3,844 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
community pool
Building Details
Year Built
1977
Listing Agency:
Limestone Investments LLC
(702) 450-2343
Listed By:
James H. Eagan · License #B.1000724
Source:
Cameronhardygroup
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 25 at 4:14AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.49%
Second Best
Apartment 5plus
$584.1K
$511.1K – $681.5K
NOI $40,887 @ 7.0% cap · market cap 6.92%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,978 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $591,000.
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
