Fully Occupied
For Sale
$615,000
709 N 11th Street, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size3,151 SF
Lot Size0.16 Acres
Price / SF$195.18
Days on Market30
Property Features for 709 N 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Security features
Security System
Window features
Blinds
Interior features
Window Treatments
Exterior features
Private Yard
Appliances
Dryer, Exhaust Fan, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
Subdivision
Stewart Add
Elementary school
,
Directions
From the I-15 take the Las Vegas BLVD exit, L on Las Vegas BLVD, R on Bonanza, L on N 11th Street. Property to your left.
Standard status
Active
APN
139-26-410-071
Size
3,151 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1480
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
oven
refrigerator
in-unit washer
community laundry room
Building Details
Year built
1955
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Easy Street Realty Las Vegas
(702) 454-4377
Listed By:
Morin Z. Morim · License #S.0197728
(818) 284-3734
Added: Sep 2
Changed: Sep 21
Last Checked: Oct 1 at 9:06PM
MLS# 2814349
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 four-unit multifamily property at 709 N 11th Street in Las Vegas provides 3,151 square feet across a two-story layout. The building contains 5 bedrooms and 4 bathrooms, with updated units and new plumbing throughout. Individual units include ovens, ranges, refrigerators, range hoods, water heaters, and in-unit washers. A shared laundry room adds two dryers for resident use.
The property occupies 0.16 acres and was built in 1955. Construction is stucco with tile flooring, a flat roof, central heating, electric heat, and central air conditioning. Additional features include window treatments, a private yard, public water, and public sewer. The asset is fully occupied with tenants in place.
The property occupies 0.16 acres and was built in 1955. Construction is stucco with tile flooring, a flat roof, central heating, electric heat, and central air conditioning. Additional features include window treatments, a private yard, public water, and public sewer. The asset is fully occupied with tenants in place.
Key Highlights
- Four‑unit property with 5 bedrooms and 4 bathrooms
- 3,151 square feet on a 0.16‑acre parcel
- Two‑story building with updated units
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
$36,268
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
5.90%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story multifamily property with updated units, in-unit laundry, and public water and sewer.
Where is this quadplex located?
The property is located at 709 N 11th Street 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 5 bedrooms and 4 bathrooms; 3,151 square feet on a 0.16‑acre parcel; Two‑story building with updated units
