Las Vegas Fourplex Investment
6952 Issac Avenue, Las Vegas, NV 89156
New
MULTI_FAMILY - Other - Las Vegas, NV
Property size:
3,692 SFLot size:
0.16 AcresPrice / SF:
$188/SF- Added:
- May 29, 2026
- Days on Market:
- 1
- Last Refresh:
- May 29 at 7:06 pm
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 (702) 219-3128
Listing office Vegas Valley Group 6787 W Tropicana Ave Ste 258, Las Vegas, NV (702) 219-3128
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.
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.
- Spacious units: Each unit offers two bedrooms and two bathrooms.
- Prime location: Conveniently located near Nellis Air Force Base, shopping, dining, schools, and major transportation routes.
- Scenic views: Second‑floor units offer mountain and Las Vegas Strip views.
Overview
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.
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 6.11%
Second Best
Apartment 5plus
$561.0K
$490.9K – $654.5K
NOI $39,270 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,302 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.021047
- Latitude
- 36.20085
Nearby Similar for Sale
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.
