Quadplex with Private
6979 Issac Avenue, Las Vegas, NV 89156
For Sale
$640,000
Residential, Las Vegas, NV
Property Size3,260 SF
Lot Size0.16 Acres
Price / SF$196.32
Days on Market102
Property Features for 6979 Issac Avenue
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
Amenities
private laundry room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Realty ONE Group, Inc
(702) 898-0101
Listed By:
Christopher A. Dewitt · License NV S.0192488
(702) 403-6090
Added: Aug 5
Changed: Oct 16
Last Checked: Nov 14 at 12:06AM
MLS# 2806154
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 two-bedroom, one-bath residences within 3,260 square feet. Each unit includes a private laundry room, while the property also offers on-site parking and finishes that include tile and carpet flooring, ceiling fans, and window treatments. Central heating and central air conditioning serve the building, which was constructed in 1983 with stucco and wood-frame construction.
The property occupies a 6,970-square-foot lot in the Sunrise Mountain area at 6979 Issac Avenue, Las Vegas, NV 89156. Public water and public sewer serve the site, and the roof is finished with tile. Two long-term tenants are currently in place. Shopping, dining, outdoor recreation, and major roadways are identified nearby in the property information.
The property occupies a 6,970-square-foot lot in the Sunrise Mountain area at 6979 Issac Avenue, Las Vegas, NV 89156. Public water and public sewer serve the site, and the roof is finished with tile. Two long-term tenants are currently in place. Shopping, dining, outdoor recreation, and major roadways are identified nearby in the property information.
Key Highlights
- Four 2‑bedroom, 1‑bath units totaling 3,260 SF
- 6,970 SF lot in the Sunrise Mountain area
- 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.
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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 - Las Vegas fourplex with on-site parking, public utilities, and individually designated laundry rooms.
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 in the Sunrise Mountain area; Private laundry room in each unit
