6979 Issac Avenue, Las Vegas, NV 89156
MULTI_FAMILY - Other - Las Vegas, NV
- Added:
- Jan 2, 2026
- Days on Market:
- 159
- Last Refresh:
- Jun 10 at 9:06 am
Property Features for 6979 Issac Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Window features
- Blinds
- Interior features
- Ceiling Fan(s), Window Treatments
- Appliances
- Oven, Range
- Standard status
- Active
- APN
- 140-23-111-035
- Size
- 3,260 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1893
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
- Tile, Carpet
- Building materials
- Stucco, Wood Frame
- Roof type
- Tile
- Architectural style
- Other
Listing agent Christopher A. Dewitt License #S.0192488 (702) 403-6090
Listing office Realty ONE Group, Inc 5550 Painted Mirage Road #140, NV (702) 898-0101
Listing date Jan 2, 2026
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
- Fourplex built in 1983 with 4 units, each offering 2 bedrooms and 1 bathroom
- 3,260 SF of living space on a 6,970 SF lot
- Each unit has its own private laundry room
- Central natural gas heating and central air cooling; tile and carpet flooring; tile roof
- Public water and public sewer
- NO HOA; units rent for about $1,150/month with 2 long‑term tenants and 2 new tenants at $1,200/month
Overview
Located in the Sunrise Mountain area of Las Vegas, the property is presented as being minutes from shopping, dining, and outdoor recreation, with scenic city and mountain views noted in the remarks. The record also states ample on-site parking for residents.
From an ownership or investment standpoint, the property is offered with an existing income profile that the remarks describe as strong rental performance, with units currently renting for approximately $1,150 per month. Two long-term tenants are referenced, and the remarks also note two new tenants paying $1,200 per month. The combination of in-unit laundry, multiple units, and the absence of HOA is intended to appeal to buyers looking for a turnkey residential income asset.
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 | $56.7k | $17.40 |
| − Vacancy | −$3.1k | −$0.96 |
| EGI | $53.6k | $16.44 |
| − OpEx | −$16.1k | −$4.93 |
| NOI | $37.5k | $11.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.020515
- Latitude
- 36.200435
