4-Unit Quadplex with In-Unit
For Sale
$725,000
5322 Del Gado Drive, Las Vegas, NV 89103
Four two-bedroom, two-bath homes have central heating and air conditioning, plus individual laundry facilities.
Property Size3,420 SF
Price / SF$211.99
Days on Market8
Property Features for 5322 Del Gado Drive
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,148
Amenities
central air conditioning
central heating
in-unit laundry
Building Details
Building Size
3,420 SF
Year Built
1981
Buildings
1
Listing Agency:
Dolly Realty
Listed By:
Dolly Yau · License #B.1000465
(866) 217-5999
Source:
Vicerealtygroup
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 27 at 1:17AM
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 Dolly Realty
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Investment Insights
Based on property information with market context.
Built in 1981, this Las Vegas quadplex contains four residences, each arranged with two bedrooms and two bathrooms. Each home measures approximately 855 square feet, bringing the building total to 3,420 square feet. Central heating and air conditioning and in-unit laundry are provided in every residence. Electrical panels have been updated, and the roof was replaced in April 2023 with a 10-year warranty.
The property is at 5322 Del Gado Dr in Spring Valley, near Flamingo Decatur Plaza, Festival Specialty Center and West Flamingo Center.
The property is at 5322 Del Gado Dr in Spring Valley, near Flamingo Decatur Plaza, Festival Specialty Center and West Flamingo Center.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- Approximately 855 square feet per unit; 3,420 square feet total
- Central air conditioning and heating in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,365
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,300
$787.3K
Cap Rate 7%
$562,357
$562.4K
Cap Rate 9%
$437,389
$437.4K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$59.5K $17.40/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$56.2K $16.44/SF
− OpEx
−$16.9K −$4.93/SF
NOI
$39.4K $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%
$787,300
Cap Rate 7%
$562,357
Cap Rate 9%
$437,389
Alternative Uses
Best Use
Multifamily LT 5
$562.4K
$492.1K – $656.1K
NOI $39,365 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$519.7K
$454.7K – $606.3K
NOI $36,377 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,723 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
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Business Placement
Demographics for 89103, NV
49,461
Population
25,470
Households
1.9
Avg Household Size
39
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
7,609
Density / Sq Mi
$48,311
Median Household Income
$33,520
Median Earnings
$1,300
Median Rent
$273,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath homes have central heating and air conditioning, plus individual laundry facilities.
Where is this quadplex located?
The property is located at 5322 Del Gado Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; Approximately 855 square feet per unit; 3,420 square feet total; Central air conditioning and heating in each unit
