Eight-Bedroom Multifamily
For Sale
$665,000
6927 Appleton Drive, Las Vegas, NV 89156
Two-story configuration includes eight full bathrooms and two remodeled units.
Property Size4,172 SF
Lot Size0.19 Acres
Price / SF$159.40
Days on Market8
Property Features for 6927 Appleton Drive
General Information
Standard status
Active
Size
4,172 SF
Lot size
0.19 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,848
Building Details
Building Size
4,172 SF
Year Built
1983
Buildings
1
Stories
2
Listing Agency:
United Realty Group
Listed By:
Oscar Hernandez · License #BS.0145780
(702) 375-5974
Source:
Virtuelre
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 10:36PM
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 United Realty Group
Investment Insights
Based on property information with market context.
This two-story multifamily property at 6927 Appleton Drive in Las Vegas contains 4,172.0 square feet of living area on a 0.19-acre lot. The layout includes eight bedrooms and eight full bathrooms, with two units completely remodeled.
The kitchen is outfitted with a dishwasher, fan and hood, garbage disposal, and range/oven. Built in 1983, the property is situated in a residential setting at 6927 Appleton Drive, Las Vegas, NV 89156.
The kitchen is outfitted with a dishwasher, fan and hood, garbage disposal, and range/oven. Built in 1983, the property is situated in a residential setting at 6927 Appleton Drive, Las Vegas, NV 89156.
Key Highlights
- 4,172.0 square feet of living area on a 0.19‑acre lot
- Eight bedrooms and eight full bathrooms
- Two‑story multifamily configuration
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
$44,376
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
6.67%
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%
$887,520
$887.5K
Cap Rate 7%
$633,943
$633.9K
Cap Rate 9%
$493,067
$493.1K
Market Conditions
NOI Build-Up for 4,172 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
$85.1K $20.40/SF
− Vacancy
−$4.4K −$1.06/SF
EGI
$80.7K $19.34/SF
− OpEx
−$36.3K −$8.70/SF
NOI
$44.4K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$887,520
Cap Rate 7%
$633,943
Cap Rate 9%
$493,067
Alternative Uses
Best Use
Apartment 5plus
$633.9K
$554.7K – $739.6K
NOI $44,376 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,912 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story configuration includes eight full bathrooms and two remodeled units.
Where is this multifamily property located?
The property is located at 6927 Appleton Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 4,172.0 square feet of living area on a 0.19‑acre lot; Eight bedrooms and eight full bathrooms; Two‑story multifamily configuration
