4-Unit Quadplex with Central
For Sale
$650,000
725 N 11th Street, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size3,000 SF
Lot Size0.16 Acres
Price / SF$216.67
Days on Market14
Property Features for 725 N 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dishwasher, Oven, Range, Refrigerator
Subdivision
Stewart Add
Elementary school
,
Directions
From Bonanza and Las Vegas Blvd, head East on Bonanza, make a left on 11th St, pass Wilson Street, arrive at 725 N 11th Street on left side.
Standard status
Active
APN
139-26-410-075
Size
3,000 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1418
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
4
Flooring type
Tile, Tile - Ceramic
Building materials
Stucco
Roof type
Composition, Flat, Shingle
Architectural style
Other
Listing Agency:
Petra Realty Group
(702) 448-8844
Listed By:
William J. Zeigler · License #S.0031983
(702) 236-9400
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 28 at 2:06PM
MLS# 2826936
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 single-story quadplex contains four residences, each with two bedrooms and one bathroom. The units provide approximately 750 square feet apiece, totaling 3,000 square feet of living area. Tile flooring, central heating and cooling, and a functional layout are noted throughout. Appliances include a dishwasher, oven, range, and refrigerator. Electricity is separately metered, with tenants responsible for their own electric service.
The property occupies a 6,970-square-foot lot, or 0.16 acres, near Downtown Las Vegas. Public water and sewer serve the property. Constructed in 1960, the building has stucco exterior construction and a composition, flat, and shingle roof.
The property occupies a 6,970-square-foot lot, or 0.16 acres, near Downtown Las Vegas. Public water and sewer serve the property. Constructed in 1960, the building has stucco exterior construction and a composition, flat, and shingle roof.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Approximately 750 square feet per unit; 3,000 square feet total
- Single‑story building on a 6,970‑square‑foot lot (0.16 acres)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,530
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,600
$690.6K
Cap Rate 7%
$493,286
$493.3K
Cap Rate 9%
$383,667
$383.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$52.2K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$49.3K $16.44/SF
− OpEx
−$14.8K −$4.93/SF
NOI
$34.5K $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%
$690,600
Cap Rate 7%
$493,286
Cap Rate 9%
$383,667
Alternative Uses
Best Use
Multifamily LT 5
$493.3K
$431.6K – $575.5K
NOI $34,530 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$455.9K
$398.9K – $531.8K
NOI $31,910 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$1.04M
$907.1K – $1.21M
NOI $72,564 @ 7.0% cap · market cap 11.16%
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
1,830
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, one bathroom, tile flooring, and separately metered electricity.
Where is this quadplex located?
The property is located at 725 N 11th 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 units, each with 2 bedrooms and 1 bathroom; Approximately 750 square feet per unit; 3,000 square feet total; Single‑story building on a 6,970‑square‑foot lot (0.16 acres)
