Remodeled Quadplex with
New
For Sale
$649,900
702 N 10th Street, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size2,496 SF
Lot Size0.16 Acres
Price / SF$260.38
Days on Market2
Property Features for 702 N 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Paved or Surfaced
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Oven, Range, Refrigerator
Subdivision
Stewart Add
Elementary school
,
Directions
From Las Vegas Blvd and Bonanza, head east on Bonanza. Make left on 10th St. Property on right side.
Standard status
Active
APN
139-26-410-050
Size
2,496 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1253
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Aluminum Siding, Frame, Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Simply Vegas
(702) 685-3000
Listed By:
Jonathan Jacobs · License #S.0067721
(702) 515-9946
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 5:06PM
MLS# 2812143
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.
Investment Insights
Based on property information with market context.
This 2,496-square-foot quadplex contains four residential units on a 0.16-acre parcel. The property has undergone extensive remodeling, including refreshed kitchens, appliances, flooring, interior paint, and roof work. Tile flooring, ceiling fans, window treatments, and included ovens, ranges, and refrigerators add to the unit features. Central heating and central air conditioning serve the property, with electric heating and public water and sewer also in place.
Paved on-site parking supports the four-unit layout. The property is located near Downtown Las Vegas, with access to shopping, dining, employment, and major roadways. Built in 1957, the building uses aluminum siding, frame, and stucco construction and has a composition and shingle roof.
Paved on-site parking supports the four-unit layout. The property is located near Downtown Las Vegas, with access to shopping, dining, employment, and major roadways. Built in 1957, the building uses aluminum siding, frame, and stucco construction and has a composition and shingle roof.
Key Highlights
- Four‑unit quadplex with 2,496 square feet of property size
- 0.16‑acre parcel near Downtown Las Vegas
- Extensive updates include kitchens, appliances, flooring, paint, and roof work
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,729
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,580
$574.6K
Cap Rate 7%
$410,414
$410.4K
Cap Rate 9%
$319,211
$319.2K
Market Conditions
NOI Build-Up for 2,496 SF
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.
Gross rent
$43.4K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.0K $16.44/SF
− OpEx
−$12.3K −$4.93/SF
NOI
$28.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,580
Cap Rate 7%
$410,414
Cap Rate 9%
$319,211
Alternative Uses
Best Use
Multifamily LT 5
$410.4K
$359.1K – $478.8K
NOI $28,729 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,549 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$862.5K
$754.7K – $1.01M
NOI $60,373 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature updated interiors, paved on-site parking, and public water and sewer service.
Where is this quadplex located?
The property is located at 702 N 10th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four‑unit quadplex with 2,496 square feet of property size; 0.16‑acre parcel near Downtown Las Vegas; Extensive updates include kitchens, appliances, flooring, paint, and roof work
