4-Unit Multifamily
For Sale
$650,000
720 North 10th Street, Las Vegas, NV 89101
Four separate entrances and on-site parking support distinct residential access.
Property Size3,017 SF
Days on Market159
Property Features for 720 North 10th Street
General Information
Standard status
Active
Size
3,017 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,429
Amenities
separate entrances
Building Details
Building Size
3,017 SF
Year Built
1960
Listing Agency:
Fathom Realty
Listed By:
Alexis J. Davila Diaz · License #S.0201986
(702) 969-9540
Source:
Vicerealtygroup
Added: May 8
Changed: Oct 7
Last Checked: Oct 13 at 3:44AM
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 Fathom Realty
Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 3,017 square feet and was built in 1960. The units have functional layouts, and each has a separate entrance. On-site parking is also part of the property.
The property is located at 720 N 10th St in Las Vegas, with access to shopping, dining, schools, and major freeways.
The property is located at 720 N 10th St in Las Vegas, with access to shopping, dining, schools, and major freeways.
Key Highlights
- Four residential units
- 3,017 square feet of property space
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,726
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,520
$694.5K
Cap Rate 7%
$496,086
$496.1K
Cap Rate 9%
$385,844
$385.8K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$52.5K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$49.6K $16.44/SF
− OpEx
−$14.9K −$4.93/SF
NOI
$34.7K $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 Rate 5%
$694,520
Cap Rate 7%
$496,086
Cap Rate 9%
$385,844
Alternative Uses
Best Use
Multifamily LT 5
$496.1K
$434.1K – $578.8K
NOI $34,726 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$458.4K
$401.1K – $534.9K
NOI $32,091 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$1.04M
$912.2K – $1.22M
NOI $72,975 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate entrances and on-site parking support distinct residential access.
Where is this quadplex located?
The property is located at 720 North 10th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four residential units; 3,017 square feet of property space; Built in 1960
