Multifamily Property with Transit
For Sale
$674,888
716 North 11th Street, Las Vegas, NV 89101
Established multifamily asset in a highly walkable setting with access to transit and bicycle-friendly routes.
Property Size3,356 SF
Days on Market62
Property Features for 716 North 11th Street
General Information
Standard status
Active
Size
3,356 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,617
Building Details
Building Size
3,356 SF
Year Built
1961
Listing Agency:
Real Broker LLC
Listed By:
Falisha Rexford · License #S.0174757
(702) 236-4249
Source:
Vicerealtygroup
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 16 at 3:03PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This multifamily property was constructed in 1961 and is located at 716 N 11th St in Las Vegas, Nevada. The surrounding setting records a walk score of 85, indicating a very walkable area, along with a transit score of 69 and a bike score of 66.
The property’s location supports access by foot, public transportation, and bicycle, providing a range of transportation options for residents and visitors.
The property’s location supports access by foot, public transportation, and bicycle, providing a range of transportation options for residents and visitors.
Key Highlights
- 716 N 11th St, Las Vegas, NV 89101
- Built in 1961
- Walk score: 85, Very Walkable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,696
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,920
$713.9K
Cap Rate 7%
$509,943
$509.9K
Cap Rate 9%
$396,622
$396.6K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$68.5K $20.40/SF
− Vacancy
−$3.6K −$1.06/SF
EGI
$64.9K $19.34/SF
− OpEx
−$29.2K −$8.70/SF
NOI
$35.7K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,920
Cap Rate 7%
$509,943
Cap Rate 9%
$396,622
Alternative Uses
Best Use
Apartment 5plus
$509.9K
$446.2K – $594.9K
NOI $35,696 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,175 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Established multifamily asset in a highly walkable setting with access to transit and bicycle-friendly routes.
Where is this multifamily property located?
The property is located at 716 North 11th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $674,888.
What are key features of this property?
This property features: 716 N 11th St, Las Vegas, NV 89101; Built in 1961; Walk score: 85, Very Walkable
