Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Las Vegas Fourplex Investment Opportunity Title is generated by Realmo AI

    5321 W Cheyenne Avenue, Las Vegas, NV 89108

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $649,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    2,980 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $217/SF
    Added:
    Apr 27, 2026
    Days on Market:
    25
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 5321 W Cheyenne Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Window features
    Blinds
    Interior features
    Window Treatments
    Standard status
    Active Under Contract
    APN
    138-13-510-002
    Size
    2,980 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1769

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1979
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Stucco, Wood Frame
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Crighton

    Listing agent Ryan Crighton License #BS.0000254

    Listing office Rothwell Gornt Companies 105 N Pecos Rd Ste 140, Henderson, NV

    Listing date Apr 27, 2026

    MLS# 2776790 Listing URL

    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.

    HighLights

    • Excellent 4‑plex investment opportunity.
    • All units are 2 bedrooms, 1 bath.
    • Great Westside location close to restaurants, shopping, and transportation near the 95 HWY.
    • Single‑story building with no HOA.
    • New dual‑pane windows.
    • Washer/dryer hook‑ups in all units.

    Overview

    This fourplex presents an excellent investment opportunity. Located in the Westside of Las Vegas, the property is conveniently close to restaurants, shopping centers, and transportation options. The single-story building consists of four units, each featuring two bedrooms and one bathroom. All units are in good condition and have tile flooring throughout. The property is located near the 95 Highway. Each unit includes washer and dryer hook-ups. The property has new dual pane windows. The lot size is 0.16 acres and the building size is 2,980 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.216269
    Latitude
    36.216707

    Nearby Similar for Sale

    • $650,000
      3,290 SF

      Las Vegas Quadplex Investment Opportunity

      Well-maintained quadplex with remodeled units and strong rental potential.
      4796 Nova Lane, Las Vegas, NV 89115
      View Details
    • $800,000
      4,492 SF

      Rare Las Vegas Multifamily Opportunity

      Four-unit property with diverse layouts and community amenities.
      2894 Karen Avenue, Las Vegas, NV 89121
      View Details
    • $665,000
      3,290 SF

      Las Vegas Fourplex Investment Opportunity

      Well-maintained fourplex in high-demand Las Vegas rental area.
      4961 Apollostar Court, Las Vegas, NV 89115
      View Details
    • $599,000
      3,212 SF

      Las Vegas Multifamily Investment Property

      Well-maintained four-unit property in Northeast Las Vegas.
      1872 Cosmic Drive, Las Vegas, NV 89115
      View Details
    • $800,000
      4,492 SF

      Rare Multifamily Investment Opportunity

      Four-unit property with diverse layouts and community amenities.
      2680 Kline Circle, Las Vegas, NV 89121
      View Details
    • $675,000
      3,268 SF

      Las Vegas Opportunity Zone Property

      Located in the epicenter of Las Vegas's urban renewal.
      637 N 11th Street, Las Vegas, NV 89101
      View Details
    • $650,000
      3,017 SF

      Four-Unit Multifamily Investment Opportunity

      Well-maintained four-unit property with income potential in Las Vegas.
      720 N 10th Street, Las Vegas, NV 89101
      View Details
    • $601,000
      3,844 SF

      Las Vegas Fourplex Investment Opportunity

      Centrally located fourplex near UNLV and the Strip.
      5245 Golden Lane, Las Vegas, NV 89119
      View Details
    • $665,000
      3,290 SF

      Las Vegas Quadplex Investment Opportunity

      Well-maintained quadplex with remodeled units and strong rental potential.
      4796 Nova Lane, Las Vegas, NV 89115
      View Details
    • $545,000
      2,067 SF

      Las Vegas Duplex Investment Opportunity

      Income-generating duplex near the Las Vegas Strip and UNLV.
      1569 Hialeah Drive, Las Vegas, NV 89119
      View Details
    • $559,000
      3,112 SF

      Well-Maintained Las Vegas Fourplex

      Fourplex with strong income potential in a desirable location.
      4622 Tracylynn Lane, Las Vegas, NV 89121
      View Details
    • $549,999
      3,112 SF

      Las Vegas Fourplex with Amenities

      Well-maintained Las Vegas fourplex with community pool and in-unit laundry.
      2754 Aarondavid Drive, Las Vegas, NV 89121
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex in good condition, great Westside location, near highway.
    Where is this quadplex located?
    The property is located at 5321 W Cheyenne Avenue Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Excellent 4‑plex investment opportunity.; All units are 2 bedrooms, 1 bath.; Great Westside location close to restaurants, shopping, and transportation near the 95 HWY.
    (702) 217-1048
    We can help!
    Listing Contact
    Ryan Crighton
    Real Estate License ID: BS.0000254
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5321 W Cheyenne Avenue, Las Vegas, NV 89108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!