Four-Unit Apartment
6975 Dunsbach Way, Las Vegas, NV 89156
For Sale
$650,000
Three residences are leased, while the remaining home is being marketed for rent.
Property Size3,774 SF
Lot Size0.16 Acres
Price / SF$172.23
Days on Market9
Property Features for 6975 Dunsbach Way
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared on-site laundry room
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Coldwell Banker Premier
Listed By:
Jacqueline Barr · License #S.0056558
(702) 373-6886
Source:
Usarealty
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 7:31AM
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 Coldwell Banker Premier
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Investment Insights
Based on property information with market context.
This two-story, stucco fourplex contains 3,774 square feet on approximately 0.16 acres. Each residence has its own entrance, and the property includes four fireplaces and a shared laundry room. Built in 1983, the building currently has three leased units and a fourth residence offered for rent.
The available 945-square-foot unit includes two bedrooms, two full bathrooms, and tile in the main living areas. Its kitchen opens to the living and dining areas through a breakfast bar, with a wood-burning fireplace in the main room. The property is in Sunrise Manor, near shopping, dining, and public transit.
The available 945-square-foot unit includes two bedrooms, two full bathrooms, and tile in the main living areas. Its kitchen opens to the living and dining areas through a breakfast bar, with a wood-burning fireplace in the main room. The property is in Sunrise Manor, near shopping, dining, and public transit.
Key Highlights
- Four‑unit building with three leases in place
- 3,774 square feet on approximately 0.16 acres
- Available 945‑square‑foot residence has two bedrooms and two full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,439
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,780
$868.8K
Cap Rate 7%
$620,557
$620.6K
Cap Rate 9%
$482,656
$482.7K
Market Conditions
NOI Build-Up for 3,774 SF
Gross rent
$65.7K $17.40/SF
− Vacancy
−$3.6K −$0.96/SF
EGI
$62.1K $16.44/SF
− OpEx
−$18.6K −$4.93/SF
NOI
$43.4K $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%
$868,780
Cap Rate 7%
$620,557
Cap Rate 9%
$482,656
Alternative Uses
Best Use
Multifamily LT 5
$620.6K
$543.0K – $724.0K
NOI $43,439 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$573.5K
$501.8K – $669.0K
NOI $40,142 @ 7.0% cap · market cap 6.18%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,285 @ 7.0% cap · market cap 14.04%
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
289
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
$288,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Three residences are leased, while the remaining home is being marketed for rent.
Where is this quadplex located?
The property is located at 6975 Dunsbach Way Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit building with three leases in place; 3,774 square feet on approximately 0.16 acres; Available 945‑square‑foot residence has two bedrooms and two full baths
