Fourplex with Private
6938 Issac Avenue Las Vegas, NV 89156
New
6938 Issac Avenue, Las Vegas, NV, 89156
$700,000
For Sale
$700,000
MULTI_FAMILY - Other - Las Vegas, NV
Property Size3,692 SF
Lot Size0.16 Acres
Price / SF$189.60
Days on Market2
Property Features for 6938 Issac Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 6
- Patio and Porch features
- Patio
- Interior features
- Programmable Thermostat
- Exterior features
- Private Yard
- Appliances
- Dryer, Disposal, Oven, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 140-23-111-029
- Size
- 3,692 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1806
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Wall Furnace, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Vinyl, Tile
- Building materials
- Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing agency
Century 21 Americana
(702) 296-9999
Listed by
Evon Reiber-Nava · License #BS.0145510
(702) 409-1187
Added: Jul 21 Checked: Jul 22 at 4:06PM
MLS# 2801701
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 fourplex includes four separate two-bedroom, two-bath apartments. Each unit offers approximately 950 square feet of living space with a primary bedroom that includes a walk-in closet and a private en-suite bathroom, plus a second bedroom with a large closet and access to the second full bathroom. Interiors feature large living rooms with fireplaces, formal dining areas, and kitchens with granite countertops. Sliding glass doors open to private balconies, and each kitchen includes a stove, refrigerator, washer, and dryer. Durable ceramic-tile tub surrounds and cast-iron porcelain bathtubs are installed in both bathrooms, along with updated paint and flooring throughout.
The property has a flat roof covered by a Neptune Wetsuit waterproof roofing system installed in November 2019 with an eight-year warranty. Four Goodman packaged gas HVAC systems (14-SEER, two-ton units) were also installed on the roof in November 2019.
Located at 6938 Issac Avenue in Las Vegas (Clark County), the property is described as being near Nellis Air Force Base, public transportation, shopping, dining, and essential services, with nearby Sunrise Plaza Shopping Center providing access to retail, services, and dining.
The property has a flat roof covered by a Neptune Wetsuit waterproof roofing system installed in November 2019 with an eight-year warranty. Four Goodman packaged gas HVAC systems (14-SEER, two-ton units) were also installed on the roof in November 2019.
Located at 6938 Issac Avenue in Las Vegas (Clark County), the property is described as being near Nellis Air Force Base, public transportation, shopping, dining, and essential services, with nearby Sunrise Plaza Shopping Center providing access to retail, services, and dining.
Key Highlights
- Fourplex with four 2‑bedroom, 2‑bath units, each approx. 950 SF
- Flat roof has Neptune Wetsuit waterproof roofing system installed Nov. 2019 with an 8‑year warranty
- Four Goodman packaged gas HVAC systems (14‑SEER, two‑ton) installed on the roof in Nov. 2019
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 | $64.2k | $17.40 |
| − Vacancy | −$3.5k | −$0.96 |
| EGI | $60.7k | $16.44 |
| − OpEx | −$18.2k | −$4.93 |
| NOI | $42.5k | $11.51 |
3,692 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$607.1K
$531.2K – $708.3K
NOI $42,495 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$561.0K
$490.9K – $654.5K
NOI $39,270 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,302 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four two-bedroom, two-bath units with private balconies and fireplaces, plus a 2019 roof and HVAC upgrades.
Where is this quadplex located?
The property is located at 6938 Issac Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 2‑bath units, each approx. 950 SF; Flat roof has Neptune Wetsuit waterproof roofing system installed Nov. 2019 with an 8‑year warranty; Four Goodman packaged gas HVAC systems (14‑SEER, two‑ton) installed on the roof in Nov. 2019
