Fully Occupied
For Sale
$615,000
709 N 11th St, Las Vegas, NV 89101
Two-story income property with updated units, new plumbing, and resident laundry amenities.
Property Size3,151 SF
Price / SF$195.18
Days on Market40
Property Features for 709 N 11th St
General Information
Standard status
Active
Size
3,151 SF
Property subtype
Multi-Family
Building Details
Year Built
1955
Listing Agency:
Western Realty
(725) 204-1177
Listed By:
Xander Shaw
(702) 930-3299
Source:
Lasvegaspenthouses
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 12 at 8:21PM
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 Western Realty
Investment Insights
Based on property information with market context.
This two-story fourplex contains 3,151 square feet with five bedrooms and four bathrooms across four occupied units. Improvements include brand-new plumbing throughout and updated unit interiors. The property is supported by long-term tenancy and includes ovens, refrigerators, and in-unit washers. Residents also have access to a shared laundry room equipped with two dryers.
Located at 709 N 11th St in Las Vegas, the property is near employment hubs, dining, entertainment, and public transit within walking distance. Its four-unit configuration, existing occupancy, and completed infrastructure improvements provide a straightforward multifamily asset with established operations.
Located at 709 N 11th St in Las Vegas, the property is near employment hubs, dining, entertainment, and public transit within walking distance. Its four-unit configuration, existing occupancy, and completed infrastructure improvements provide a straightforward multifamily asset with established operations.
Key Highlights
- Four‑unit property with all units occupied
- 3,151 square feet in a two‑story layout
- Five bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,268
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,360
$725.4K
Cap Rate 7%
$518,114
$518.1K
Cap Rate 9%
$402,978
$403.0K
Market Conditions
NOI Build-Up for 3,151 SF
Gross rent
$54.8K $17.40/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$51.8K $16.44/SF
− OpEx
−$15.5K −$4.93/SF
NOI
$36.3K $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%
$725,360
Cap Rate 7%
$518,114
Cap Rate 9%
$402,978
Alternative Uses
Best Use
Multifamily LT 5
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$478.8K
$419.0K – $558.6K
NOI $33,516 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.09M
$952.7K – $1.27M
NOI $76,216 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story income property with updated units, new plumbing, and resident laundry amenities.
Where is this quadplex located?
The property is located at 709 N 11th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Four‑unit property with all units occupied; 3,151 square feet in a two‑story layout; Five bedrooms and four bathrooms
