Four-Tenant
For Sale
$619,999
Pending
610 N 11th Street, Las Vegas, NV 89101
MULTI_FAMILY - Other - Las Vegas, NV
Property Size3,200 SF
Lot Size0.16 Acres
Days on Market59
Property Features for 610 N 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Window features
Blinds
Interior features
Window Treatments
Appliances
Oven, Range, Refrigerator, Water Heater
Subdivision
Stewart Add
Elementary school
,
Directions
1. Take Exit 75A for Las Vegas Blvd. 2. Turn left onto Las Vegas Blvd heading south. 3. Drive approximately 0.5 miles, then turn left onto E Bonanza Rd. 4. Continue for about 0.3 miles, then turn right onto N 11th Street. 5. Your destination, 610 N 11th Street, will be on the left-hand side.
Standard status
Pending
APN
139-26-410-098
Size
3,200 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1477
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Brick, Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Easy Street Realty Las Vegas
(702) 454-4377
Listed By:
Morin Z. Morim · License #S.0197728
(818) 284-3734
Added: Jun 14
Changed: Aug 10
Last Checked: Aug 11 at 11:06PM
MLS# 2791663
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 single-story quadplex was built in 1961 and offers a total of 3,200 square feet. The layout includes 8 bedrooms and 4 full bathrooms, arranged across four long-term tenants. Interior features include window treatments, and the home is supported by essential appliances such as a range/oven, refrigerator, and water heater.
The property is constructed with brick and stucco and features a flat roof. Heating is electric with central heating, and cooling is provided by central air. Utilities include public water and public sewer.
Set on a 0.16-acre lot, this quadplex provides a compact residential setting with space for day-to-day use and maintenance.
The property is constructed with brick and stucco and features a flat roof. Heating is electric with central heating, and cooling is provided by central air. Utilities include public water and public sewer.
Set on a 0.16-acre lot, this quadplex provides a compact residential setting with space for day-to-day use and maintenance.
Key Highlights
- Four long‑term tenants
- Single‑story quadplex with 3,200 square feet
- 8 bedrooms and 4 full bathrooms
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
$36,832
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
5.94%
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%
$736,640
$736.6K
Cap Rate 7%
$526,171
$526.2K
Cap Rate 9%
$409,244
$409.2K
Market Conditions
NOI Build-Up for 3,200 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
$55.7K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$52.6K $16.44/SF
− OpEx
−$15.8K −$4.93/SF
NOI
$36.8K $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%
$736,640
Cap Rate 7%
$526,171
Cap Rate 9%
$409,244
Alternative Uses
Best Use
Multifamily LT 5
$526.2K
$460.4K – $613.9K
NOI $36,832 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$486.2K
$425.5K – $567.3K
NOI $34,037 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$1.11M
$967.5K – $1.29M
NOI $77,401 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,686
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
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 - Single-story quadplex built in 1961 with central air, electric heat, and 8 bedrooms across 4 full bathrooms.
Where is this quadplex located?
The property is located at 610 N 11th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $619,999.
What are key features of this property?
This property features: Four long‑term tenants; Single‑story quadplex with 3,200 square feet; 8 bedrooms and 4 full bathrooms
