Updated Four-Unit
For Sale
$679,000
6982 Hopkins Dr, Las Vegas, NV 89156
Renovated interiors, ample parking, and a low-maintenance yard support immediate occupancy.
Property Size4,072 SF
Price / SF$166.75
Days on Market78
Property Features for 6982 Hopkins Dr
General Information
Standard status
Active
Size
4,072 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Listing Agency:
Rothwell Gornt Companies
Listed By:
Ryan Crighton · License #BS.0000254
(702) 217-1048
Source:
Tmgluxury
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 12 at 11:30PM
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 Rothwell Gornt Companies
Investment Insights
Based on property information with market context.
This 4,072-square-foot quadplex contains four three-bedroom, two-bathroom units, offering a consistent layout across the property. Built in 1983, the asset has updated kitchens and bathrooms, bright living spaces, and generously sized bedrooms. The improvements are described as move-in ready, while the exterior includes abundant parking and a low-maintenance yard.
The property is located in the Sierra Sunrise Community of Las Vegas at 6982 Hopkins Dr. Major corridors, shopping, schools, and Downtown are identified as accessible from the property, providing convenient connections to everyday services and the city center.
The property is located in the Sierra Sunrise Community of Las Vegas at 6982 Hopkins Dr. Major corridors, shopping, schools, and Downtown are identified as accessible from the property, providing convenient connections to everyday services and the city center.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,072 SF quadplex built in 1983
- Updated kitchens and bathrooms throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,869
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,380
$937.4K
Cap Rate 7%
$669,557
$669.6K
Cap Rate 9%
$520,767
$520.8K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$70.9K $17.40/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$67.0K $16.44/SF
− OpEx
−$20.1K −$4.93/SF
NOI
$46.9K $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%
$937,380
Cap Rate 7%
$669,557
Cap Rate 9%
$520,767
Alternative Uses
Best Use
Multifamily LT 5
$669.6K
$585.9K – $781.2K
NOI $46,869 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$618.7K
$541.4K – $721.9K
NOI $43,312 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,493 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
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 - Renovated interiors, ample parking, and a low-maintenance yard support immediate occupancy.
Where is this quadplex located?
The property is located at 6982 Hopkins Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms; 4,072 SF quadplex built in 1983; Updated kitchens and bathrooms throughout
