Four-Unit Quadplex with
For Sale
$586,000
5245 Golden Lane, Las Vegas, NV 89119
Residential, Las Vegas, NV
Property Size3,844 SF
Lot Size0.10 Acres
Price / SF$152.45
Days on Market118
Property Features for 5245 Golden Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Ceiling Fan(s)
Appliances
Oven, Range, Refrigerator
Subdivision
Century Garden Sub Amd
Elementary school
,
Directions
From Tropicana and Maryland Pkwy, head S on Maryland Pkwy to Parkway Villas. Through gate and then turn left on Garden Ln.
Standard status
Active
APN
162-27-611-334
Size
3,844 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
1916
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
community pool
Building Details
Year built
1977
Floors in Building
2
Number of units
4
Flooring type
Carpet, Hardwood
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Limestone Investments LLC
(702) 430-7900
Listed By:
James H. Eagan · License #B.1000724
(702) 287-1092
Added: Apr 29
Changed: Aug 19
Last Checked: Aug 24 at 2:06AM
MLS# 2777516
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.
This Las Vegas quadplex contains four residential units within 3844 square feet on a 0.095-acre parcel. Built in 1977, the property has stucco construction, composition and shingle roofing, carpet and hardwood flooring, ceiling fans, central air conditioning, and electric central heating. Appliances include ovens, ranges, and refrigerators. Public water and public sewer serve the property.
The property is located at 5245 Golden Lane in Las Vegas, Nevada 89119. Residents have access to a community pool, while the HOA covers water and trash. Most tenants are on month-to-month agreements, providing flexibility in managing occupancy and lease terms. The property is situated in Clark County, within the 89119 postal area.
The property is located at 5245 Golden Lane in Las Vegas, Nevada 89119. Residents have access to a community pool, while the HOA covers water and trash. Most tenants are on month-to-month agreements, providing flexibility in managing occupancy and lease terms. The property is situated in Clark County, within the 89119 postal area.
Key Highlights
- Four residential units in a 3844‑square‑foot quadplex
- 0.095‑acre parcel at 5245 Golden Lane, Las Vegas, NV 89119
- Community pool available to residents
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
7.55%
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 7.55%
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.
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 residential units feature central heating and cooling, public water and sewer, and access to a community pool.
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 residential units in a 3844‑square‑foot quadplex; 0.095‑acre parcel at 5245 Golden Lane, Las Vegas, NV 89119; Community pool available to residents
