Fourplex with Private
For Sale
$769,000
6217 Yerba Lane, Las Vegas, NV 89108
Residential, Las Vegas, NV
Property Size3,952 SF
Lot Size0.16 Acres
Price / SF$194.59
Days on Market345
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
Subdivision
Sierra Oeste #2
Elementary school
,
Directions
From Lake Mead (between Torrey Pines and Jones) turn right on Lirio Way and left on Yerba Lane.
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
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private balconies
on-site laundry room
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 Agency:
Lantana
(702) 508-8285
Listed By:
Leticia Rivas · License #S.0194313
(702) 808-6337
Added: Sep 18, 2025
Changed: Aug 19
Last Checked: Aug 28 at 9:06PM
MLS# 2718870
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.
6217 Yerba Lane is a well-maintained fourplex on a 0.16-acre lot, built in 1985. The property contains four spacious 2-bedroom, 2-bath units, approximately 950 SF each, with private balconies and patios. An on-site laundry room serves the building, and each unit includes practical interior storage.
The building is constructed with wood frame materials and features tile flooring throughout. Heating is electric with central heating, and cooling is provided by central air. The home is connected to public water and public sewer. Appliances included in the unit mix feature a range, oven, microwave, dishwasher, disposal, refrigerator, and exhaust fan.
This four-unit residential income property is designed for straightforward, tenant-friendly living with common on-site laundry and dedicated outdoor space for each unit.
The building is constructed with wood frame materials and features tile flooring throughout. Heating is electric with central heating, and cooling is provided by central air. The home is connected to public water and public sewer. Appliances included in the unit mix feature a range, oven, microwave, dishwasher, disposal, refrigerator, and exhaust fan.
This four-unit residential income property is designed for straightforward, tenant-friendly living with common on-site laundry and dedicated outdoor space for each unit.
Key Highlights
- 0.16‑acre lot
- Four 2‑bedroom, 2‑bath units, approximately 950 SF each
- Private balconies and patios
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
$51,926
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
6.75%
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%
$1,038,520
$1.0M
Cap Rate 7%
$741,800
$741.8K
Cap Rate 9%
$576,956
$577.0K
Market Conditions
NOI Build-Up for 3,952 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
$78.2K $19.80/SF
− Vacancy
−$4.1K −$1.03/SF
EGI
$74.2K $18.77/SF
− OpEx
−$22.3K −$5.63/SF
NOI
$51.9K $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%
$1,038,520
Cap Rate 7%
$741,800
Cap Rate 9%
$576,956
Alternative Uses
Best Use
Multifamily LT 5
$741.8K
$649.1K – $865.4K
NOI $51,926 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,585 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,625 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
699
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
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 - Well-maintained fourplex with four 2-bedroom, 2-bath units, on-site laundry, and electric central HVAC.
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: 0.16‑acre lot; Four 2‑bedroom, 2‑bath units, approximately 950 SF each; Private balconies and patios
