Building Details

Building Size 3,692 SF

Year Built 1983

Stories 2

Construction stucco

Listing Agency: Prestige Realty & Property Mgt

Listed By: Dannielle E. Schilling · License #S.0173280 Show Phone

Source: Usarealty

Added: Aug 21 Changed: Oct 3 Last Checked: Oct 15 at 5:54AM

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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 Prestige Realty & Property Mgt

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Investment Insights

Based on property information with market context.

This two-story quadplex contains four residential units within a 3,692-square-foot building constructed in 1983. The property includes 2 bedrooms and 2 full bathrooms, along with kitchens equipped with range/ovens, refrigerators, garbage disposals, and fan hoods. Three units currently have washer/dryer sets in place, while a fourth has the connections or space prepared for installation.

The property occupies a 0.24-acre lot totaling 10,454.0 square feet in Las Vegas, Nevada. There is no pool, leaving the exterior area open and uncomplicated. The property is located at 6914 Appleton Drive in Las Vegas, NV 89156.

Key Highlights

• Four‑unit, two‑story residential property
• 3,692‑square‑foot building constructed in 1983
• 0.24‑acre lot totaling 10,454.0 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,495

Cap Rate

6.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$849,900 $849.9K

Cap Rate 7%

$607,071 $607.1K

Cap Rate 9%

$472,167 $472.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,692 SF

Gross rent

$64.2K $17.40/SF

− Vacancy

−$3.5K −$0.96/SF

EGI

$60.7K $16.44/SF

− OpEx

−$18.2K −$4.93/SF

NOI

$42.5K $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%

$849,900

Cap Rate 7%

$607,071

Cap Rate 9%

$472,167

Alternative Uses

Best Use

Multifamily LT 5

$607.1K

$531.2K – $708.3K (±1% cap)

NOI $42,495 @ 7.0% cap · market cap 6.12%

Second Best

Apartment 5plus

$561.0K

$490.9K – $654.5K (±1% cap)

NOI $39,270 @ 7.0% cap · market cap 5.66%

Theoretical Best

Specialty Retail

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,302 @ 7.0% cap · market cap 12.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

245

Businesses Nearby

Explore this area Business Placement

Demographics for 89156, NV

30,067

Population

10,413

Households

2.9

Avg Household Size

33

Median Age

14%

College-Educated

74%

High-School Grad

44.7 sq mi

ZIP Area

673

Density / Sq Mi

$69,783

Median Household Income

$36,342

Median Earnings

$1,354

Median Rent

$288,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential property with individual kitchen amenities and washer/dryer readiness.

Where is this quadplex located?

The property is located at 6914 Appleton Drive Las Vegas, NV.

What is the asking price?

The asking price for this property is $694,000.

What are key features of this property?

This property features: Four‑unit, two‑story residential property; 3,692‑square‑foot building constructed in 1983; 0.24‑acre lot totaling 10,454.0 square feet