Updated 4-Unit
New
For Sale
$798,000
6553 McRae Avenue, Las Vegas, NV 89108
Residential, Las Vegas, NV
Property Size3,456 SF
Lot Size0.06 Acres
Price / SF$230.90
Days on Market2
Property Features for 6553 McRae Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Covered
Interior features
Storage
Appliances
Dryer, Dishwasher, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Washer
Subdivision
Rock Spgs Vista Unit #11
Elementary school
,
Directions
From Rainbow and Lake Mead go North on Rainbow, right on Balzar to Summer Village complex.
Standard status
Active
APN
138-23-124-077
Size
3,456 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2399
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Redfin
(702) 930-8408
Listed By:
Fernanda A. Kriese · License #S.0185158
(702) 461-8820
Added: Nov 5
Last Checked: Nov 6 at 10:06AM
MLS# 2830839
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,456 square feet on a 0.0598-acre lot. Unit 201 has new LVP flooring, fresh paint, and new appliances. Improvements completed in Unit 102 in 2025 include LVP flooring and fresh interior paint. A new air-conditioning unit was installed in Unit 101 in August 2026. The building was constructed in 1998 and has stucco exterior walls, a tile roof, and storage. Central electric heating and central air serve the property, with covered parking.
Units 101 and 202 have tenants who have remained in place since the seller acquired the property in April 2018. Appliances listed for the property include a washer, dryer, dishwasher, disposal, oven, range, and refrigerator. Public water and sewer serve the building.
Units 101 and 202 have tenants who have remained in place since the seller acquired the property in April 2018. Appliances listed for the property include a washer, dryer, dishwasher, disposal, oven, range, and refrigerator. Public water and sewer serve the building.
Key Highlights
- Four units totaling 3,456 square feet on 0.0598 acres
- Unit 201 updated with LVP flooring, fresh interior paint, and new appliances
- Unit 102 received LVP flooring and fresh interior paint in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,409
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,180
$908.2K
Cap Rate 7%
$648,700
$648.7K
Cap Rate 9%
$504,544
$504.5K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$68.4K $19.80/SF
− Vacancy
−$3.6K −$1.03/SF
EGI
$64.9K $18.77/SF
− OpEx
−$19.5K −$5.63/SF
NOI
$45.4K $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 Rate 5%
$908,180
Cap Rate 7%
$648,700
Cap Rate 9%
$504,544
Alternative Uses
Best Use
Multifamily LT 5
$648.7K
$567.6K – $756.8K
NOI $45,409 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$582.0K
$509.2K – $679.0K
NOI $40,738 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,874 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units include recent interior work, central heating and cooling, and covered parking.
Where is this quadplex located?
The property is located at 6553 McRae Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Four units totaling 3,456 square feet on 0.0598 acres; Unit 201 updated with LVP flooring, fresh interior paint, and new appliances; Unit 102 received LVP flooring and fresh interior paint in 2025
