Four-Unit
6940 Hopkins Drive, Las Vegas, NV 89156
For Sale
$675,000
Residential, Las Vegas, NV
Property Size4,072 SF
Lot Size0.16 Acres
Price / SF$165.77
Days on Market100
Property Features for 6940 Hopkins Drive
General Information
Property type
Property subtype
Window features
Interior features
Appliances
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Executive Realty Services
(702) 278-8871
Listed By:
Justin Bezanski · License NV S.0184531
(702) 885-3013
Added: Aug 7
Changed: Nov 10
Last Checked: Nov 14 at 3:06AM
MLS# 2807192
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 Las Vegas quadplex contains four units, each arranged with two bedrooms and two bathrooms. The 4,072-square-foot property was built in 1983 and features stucco construction, tile flooring, ceiling fans, window treatments, and a dishwasher. Central electric heating and central air conditioning serve the building, while the composition shingle roof provides the overhead covering.
The property occupies 0.16 acres at 6940 Hopkins Drive in Las Vegas, Nevada 89156. Public water and public sewer serve the site, and there is no HOA. The combination of four residential units, established construction, and separately identifiable interior features provides a clear physical profile for evaluation.
The property occupies 0.16 acres at 6940 Hopkins Drive in Las Vegas, Nevada 89156. Public water and public sewer serve the site, and there is no HOA. The combination of four residential units, established construction, and separately identifiable interior features provides a clear physical profile for evaluation.
Key Highlights
- Four 2‑bedroom, 2‑bathroom units
- 4,072 square feet on 0.16 acres
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,869
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,380
$937.4K
Cap Rate 7%
$669,557
$669.6K
Cap Rate 9%
$520,767
$520.8K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$70.9K $17.40/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$67.0K $16.44/SF
− OpEx
−$20.1K −$4.93/SF
NOI
$46.9K $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%
$937,380
Cap Rate 7%
$669,557
Cap Rate 9%
$520,767
Alternative Uses
Best Use
Multifamily LT 5
$669.6K
$585.9K – $781.2K
NOI $46,869 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$618.7K
$541.4K – $721.9K
NOI $43,312 @ 7.0% cap · market cap 6.42%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,493 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
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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
$288,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath residences include tile flooring, central heating and cooling, and a dishwasher.
Where is this quadplex located?
The property is located at 6940 Hopkins Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom units; 4,072 square feet on 0.16 acres; Built in 1983
