Four-Unit Multifamily
For Sale
$709,000
6148 Camino De Rosa Drive, Las Vegas, NV 89108
Quadplex with two fully renovated units and two units in original condition, suited for value-add updates.
Property Size2,980 SF
Days on Market64
Property Features for 6148 Camino De Rosa Drive
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,822
Building Details
Building Size
2,980 SF
Year Built
1978
Listing Agency:
The Highlands RE Group LLC
Listed By:
Brenda Beltran · License #S.0077310
(702) 885-5223
Source:
Vicerealtygroup
Added: Jul 10
Changed: Aug 27
Last Checked: Sep 10 at 5:53AM
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 The Highlands RE Group LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property (quadplex) includes two units described as fully renovated with modern finishes, while the remaining two units are in their original condition. The mixed interior condition creates an opportunity for a buyer to complete upgrades over time.
The property is described as conveniently located near shopping, dining, schools, parks, and major freeway access. BikeScore is listed at 49 (Somewhat Bikeable), WalkScore is 59 (Somewhat Walkable), and transitScore is 38 (Some Transit), according to the provided information.
Additional photos and information are expected to be uploaded soon.
The property is described as conveniently located near shopping, dining, schools, parks, and major freeway access. BikeScore is listed at 49 (Somewhat Bikeable), WalkScore is 59 (Somewhat Walkable), and transitScore is 38 (Some Transit), according to the provided information.
Additional photos and information are expected to be uploaded soon.
Key Highlights
- 4‑unit multifamily property built in 1978
- Two fully renovated units with modern finishes
- Two additional units in original condition for value‑add updates
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
$39,155
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
5.52%
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%
$783,100
$783.1K
Cap Rate 7%
$559,357
$559.4K
Cap Rate 9%
$435,056
$435.1K
Market Conditions
NOI Build-Up for 2,980 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
$59.0K $19.80/SF
− Vacancy
−$3.1K −$1.03/SF
EGI
$55.9K $18.77/SF
− OpEx
−$16.8K −$5.63/SF
NOI
$39.2K $13.14/SF
Area
ZIP 89108
Vacancy
5.20%
Lease Rate
$19.80 /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%
$783,100
Cap Rate 7%
$559,357
Cap Rate 9%
$435,056
Alternative Uses
Best Use
Multifamily LT 5
$559.4K
$489.4K – $652.6K
NOI $39,155 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$501.8K
$439.1K – $585.5K
NOI $35,127 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.01M
$882.5K – $1.18M
NOI $70,598 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 89108, NV
73,637
Population
28,377
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
80%
High-School Grad
8.9 sq mi
ZIP Area
8,274
Density / Sq Mi
$57,403
Median Household Income
$36,383
Median Earnings
$1,431
Median Rent
$304,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with two fully renovated units and two units in original condition, suited for value-add updates.
Where is this quadplex located?
The property is located at 6148 Camino De Rosa Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 4‑unit multifamily property built in 1978; Two fully renovated units with modern finishes; Two additional units in original condition for value‑add updates
