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    Las Vegas Fourplex Investment Opportunity

    6952 Issac Avenue Las Vegas, NV 89156

    Claim this Listing
    For Sale
    $695,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    3,692 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $188.24/SF
    Added:
    May 29, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 14 at 6:06 am

    Property Features for 6952 Issac Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Window features
    Blinds
    Interior features
    Ceiling Fan(s), Storage, Window Treatments
    Appliances
    Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    140-23-111-030
    Size
    3,692 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1859

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Stucco
    Roof type
    Flat
    Architectural style
    Other
    Additional Structures
    Storage

    Listing agent Brian P. Bauchman License #B.1000882

    Listing office Vegas Valley Group 6787 W Tropicana Ave Ste 258, Las Vegas, NV

    Listing date May 29, 2026

    MLS# 2786986

    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 presents an investment opportunity with consistent rental income and cash-flow potential. The property comprises four units, each featuring two bedrooms and two bathrooms. One unit has been extensively updated with a modern kitchen including shaker-style cabinetry, quartz countertops, recessed lighting, and contemporary finishes. Additional upgrades include luxury vinyl plank flooring, fresh interior paint, updated bathroom vanities, and remodeled walk-in showers with custom tile surrounds and glass enclosures. The remaining units feature durable laminate flooring. Second-floor units offer views of the mountains and the Las Vegas Strip. The building's exterior has been recently painted. The property is located near Nellis Air Force Base, shopping, dining, schools, and major transportation routes. The property size is 3692 square feet and the lot size is 0.16 acres.

    Key Highlights

    • Strong income potential: Fourplex with an estimated cap rate approaching 8% at full occupancy.
    • Updated unit with a modern kitchen: Shaker‑style cabinetry, quartz countertops, recessed lighting, and contemporary finishes, plus updated bathrooms.
    • Low‑maintenance features: Recently painted exterior and durable laminate flooring in multiple units.

    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 (±1% cap)
    NOI $42,495 @ 7.0% cap · market cap 6.11%
    Second Best
    Apartment 5plus
    $561.0K
    $490.9K – $654.5K (±1% cap)
    NOI $39,270 @ 7.0% cap · market cap 5.65%
    Theoretical Best
    Specialty Retail
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,302 @ 7.0% cap · market cap 12.85%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Restaurant Grocery & Convenience Store Skin Care Clinic Nail Salon Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Fourplex near Nellis AFB with updated unit and strong potential.
    Where is this quadplex located?
    The property is located at 6952 Issac Avenue Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Strong income potential: Fourplex with an estimated cap rate approaching 8% at full occupancy.; **Updated unit with a modern kitchen:** Shaker‑style cabinetry, quartz countertops, recessed lighting, and contemporary finishes, plus updated bathrooms.; Low‑maintenance features: Recently painted exterior and durable laminate flooring in multiple units.
    Contact an agent
    (702) 219-3128
    We can help!
    Contact an agent
    Brian P. Bauchman
    Real Estate License ID: B.1000882
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