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    Las Vegas Fourplex with Upside

    6217 Yerba Lane Las Vegas, NV 89108

    Claim this Listing
    For Sale
    $769,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    3,952 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $194/SF
    Added:
    Sep 18, 2025
    Days on Market:
    296
    Last Refresh:
    Jul 10 at 10:06 pm

    Property Features for 6217 Yerba Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    4
    Patio and Porch features
    Patio
    Interior features
    Storage
    Appliances
    Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood
    Standard status
    Active
    APN
    138-23-711-039
    Size
    3,952 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2894

    Utilities

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

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Wood Frame
    Roof type
    Shingle, Composition
    Architectural style
    Other
    Additional Structures
    Storage

    Listing agent Leticia Rivas License #S.0194313

    Listing office Lantana 518 S 9th Street, Las Vegas, NV

    Listing date Sep 18, 2025

    MLS# 2718870 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.

    Investment Insights

    Based on property information with market context.

    This well-maintained fourplex in Las Vegas presents an investment opportunity with flexibility and long-term upside. The property consists of four units, each featuring two bedrooms and two bathrooms. Each unit is approximately 950 square feet. The property includes private balconies, an on-site laundry room, and parking. The lot size is 0.16 acres, and the total property size is 3,952 square feet. This asset provides steady rental appeal and future upside.

    Key Highlights

    • Fourplex investment property with long‑term upside potential.
    • Four spacious 2‑bedroom, 2‑bath units (approximately 950 SF each).
    • Each unit features a private balcony.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $78.2k $19.80
    − Vacancy −$4.1k −$1.03
    EGI $74.2k $18.77
    − OpEx −$22.3k −$5.63
    NOI $51.9k $13.14
    3,952 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $741.8K
    $649.1K – $865.4K (±1% cap)
    NOI $51,926 @ 7.0% cap · market cap 6.75%
    Second Best
    Apartment 5plus
    $665.5K
    $582.3K – $776.4K (±1% cap)
    NOI $46,585 @ 7.0% cap · market cap 6.06%
    Theoretical Best
    Office A
    $1.34M
    $1.17M – $1.56M (±1% cap)
    NOI $93,625 @ 7.0% cap · market cap 12.17%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Building Supply Spa & Massage Center Parking Lot & Garage Daycare Center Kitchen & Bath Showroom Bakery HVAC Service

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

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in Las Vegas with steady rental appeal.
    Where is this quadplex located?
    The property is located at 6217 Yerba Lane Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $769,000.
    What are key features of this property?
    This property features: Fourplex investment property with long‑term upside potential.; Four spacious 2‑bedroom, 2‑bath units (approximately 950 SF each).; Each unit features a private balcony.
    Contact an agent
    (702) 808-6337
    We can help!
    Contact an agent
    Leticia Rivas
    Real Estate License ID: S.0194313
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