4-Unit
616 North 11th Street, Las Vegas, NV 89101
For Sale
$482,500
Four residential units occupy a compact multifamily property.
Property Size2,088 SF
Price / SF$231.08
Days on Market194
Property Features for 616 North 11th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Epique Realty
Listed By:
Nora E. Aguirre · License NV BS.0146866
(702) 780-1382
Source:
Marionrealestateservices
Added: May 1
Changed: Nov 7
Last Checked: Nov 9 at 9:13PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
Built in 1956, this 2,088-square-foot quadplex contains four residential units. The property is at 616 North 11th Street in Las Vegas, Nevada.
Key Highlights
- Four‑unit residential property
- 2,088 square feet of building area
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,033
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,660
$480.7K
Cap Rate 7%
$343,329
$343.3K
Cap Rate 9%
$267,033
$267.0K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$36.3K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.3K $16.44/SF
− OpEx
−$10.3K −$4.93/SF
NOI
$24.0K $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%
$480,660
Cap Rate 7%
$343,329
Cap Rate 9%
$267,033
Alternative Uses
Best Use
Multifamily LT 5
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$317.3K
$277.6K – $370.2K
NOI $22,209 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$721.5K
$631.3K – $841.7K
NOI $50,504 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,197
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
$258,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units occupy a compact multifamily property.
Where is this quadplex located?
The property is located at 616 North 11th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $482,500.
What are key features of this property?
This property features: Four‑unit residential property; 2,088 square feet of building area; Built in 1956
