Quadplex With Private
For Sale
$640,000
6979 Issac Avenue, Las Vegas, NV 89156
Four residential units offer individual laundry rooms and on-site parking near shopping, dining, recreation, and major roadways.
Property Size3,260 SF
Lot Size0.16 Acres
Price / SF$196.32
Days on Market62
Property Features for 6979 Issac Avenue
General Information
Standard status
Active
Size
3,260 SF
Lot size
0.16 Acres
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,893
Amenities
private laundry room
Building Details
Building Size
3,260 SF
Year Built
1983
Buildings
1
Listing Agency:
Realty ONE Group, Inc
Listed By:
Christopher A. Dewitt · License #S.0192488
(702) 403-6090
Source:
Usarealty
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 13 at 12:09AM
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 Realty ONE Group, Inc
Investment Insights
Based on property information with market context.
This fourplex contains four 2-bedroom, 1-bath residences totaling 3,260 SF. Each unit has its own private laundry room, while the property also includes on-site parking and sits on a 6,970 SF lot. Constructed in 1983, the property has no HOA, and two long-term tenants are currently in place.
Located at 6979 Issac Ave in the Sunrise Mountain area of Las Vegas, the property is near shopping, dining, outdoor recreation, and major roadways. Reported mobility scores are 51 for walking, 45 for biking, and 32 for transit, reflecting some walkability, bike access, and public transportation availability.
Located at 6979 Issac Ave in the Sunrise Mountain area of Las Vegas, the property is near shopping, dining, outdoor recreation, and major roadways. Reported mobility scores are 51 for walking, 45 for biking, and 32 for transit, reflecting some walkability, bike access, and public transportation availability.
Key Highlights
- Four 2‑bedroom, 1‑bath units totaling 3,260 SF
- 6,970 SF lot with on‑site parking
- Private laundry room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,523
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,460
$750.5K
Cap Rate 7%
$536,043
$536.0K
Cap Rate 9%
$416,922
$416.9K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$56.7K $17.40/SF
− Vacancy
−$3.1K −$0.96/SF
EGI
$53.6K $16.44/SF
− OpEx
−$16.1K −$4.93/SF
NOI
$37.5K $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%
$750,460
Cap Rate 7%
$536,043
Cap Rate 9%
$416,922
Alternative Uses
Best Use
Multifamily LT 5
$536.0K
$469.0K – $625.4K
NOI $37,523 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$495.4K
$433.4K – $577.9K
NOI $34,675 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$1.13M
$985.7K – $1.31M
NOI $78,853 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer individual laundry rooms and on-site parking near shopping, dining, recreation, and major roadways.
Where is this quadplex located?
The property is located at 6979 Issac Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units totaling 3,260 SF; 6,970 SF lot with on‑site parking; Private laundry room in each unit
