Four-Unit
705 Morgan Avenue, Las Vegas, NV 89106
For Sale
$500,000
Residential, Las Vegas, NV
Property Size3,008 SF
Lot Size0.16 Acres
Price / SF$166.22
Days on Market55
Property Features for 705 Morgan Avenue
General Information
Property type
Property subtype
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
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Vice Realty
Listed By:
Derek Moellinger · License NV B.1006381
(702) 825-4663
Added: Sep 21
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 2820524
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 quadplex at 705 Morgan Avenue contains four 2-bedroom, 1-bathroom units, totaling 8 bedrooms and 4 bathrooms across 3,008 square feet. Built in 1963, the property occupies 0.16 acres and features stucco construction, vinyl flooring, a flat roof, central heating with natural gas, and central air conditioning.
Public water and public sewer serve the property. The Las Vegas location places the four-unit asset near shopping, dining, schools, and major roadways, providing access to a range of everyday services and transportation routes.
Public water and public sewer serve the property. The Las Vegas location places the four-unit asset near shopping, dining, schools, and major roadways, providing access to a range of everyday services and transportation routes.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units
- 8 bedrooms and 4 bathrooms in total
- 3,008 square feet on 0.16 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,622
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,440
$692.4K
Cap Rate 7%
$494,600
$494.6K
Cap Rate 9%
$384,689
$384.7K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$52.3K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$49.5K $16.44/SF
− OpEx
−$14.8K −$4.93/SF
NOI
$34.6K $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%
$692,440
Cap Rate 7%
$494,600
Cap Rate 9%
$384,689
Alternative Uses
Best Use
Multifamily LT 5
$494.6K
$432.8K – $577.0K
NOI $34,622 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$457.1K
$399.9K – $533.3K
NOI $31,995 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$1.04M
$909.5K – $1.21M
NOI $72,757 @ 7.0% cap · market cap 14.55%
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
1,021
Businesses Nearby
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Business Placement
Demographics for 89106, NV
27,695
Population
10,906
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
5,430
Density / Sq Mi
$38,848
Median Household Income
$31,265
Median Earnings
$1,169
Median Rent
$263,100
Median Home Value
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Market
Average Price Trend$/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 - Four two-bedroom units offer a compact multifamily configuration with central heating and air conditioning.
Where is this quadplex located?
The property is located at 705 Morgan Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units; 8 bedrooms and 4 bathrooms in total; 3,008 square feet on 0.16 acres
