4-Unit Apartment
For Sale
$650,000
725 North 11th Street, Las Vegas, NV 89101
Four separate electric meters support tenant-paid electricity service.
Property Size3,000 SF
Lot Size0.16 Acres
Price / SF$216.67
Days on Market14
Property Features for 725 North 11th Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.16 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
Homeless Corridor
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$53,100
Taxes and HOA fees
Annual Taxes
$1,418
Building Details
Building Size
3,000 SF
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Petra Realty Group
Listed By:
William J. Zeigler · License #S.0031983
(702) 236-9400
Source:
Vicerealtygroup
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 11:14PM
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 Petra Realty Group
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Investment Insights
Based on property information with market context.
This single-story quadplex contains four 2-bedroom, 1-bathroom apartments, each approximately 750 square feet, for 3,000 square feet of living area. Tile flooring and central heating and cooling are installed in each unit, and the floor plans are functional. The building dates to 1960 and sits on a 6,970-square-foot lot.
Electricity is separately metered, with tenants responsible for their electric service. The property is at 725 N 11th St in Las Vegas, near Downtown Las Vegas, shopping, dining, entertainment, and major transportation routes. WalkScore is 85, BikeScore is 66, and TransitScore is 69.
Electricity is separately metered, with tenants responsible for their electric service. The property is at 725 N 11th St in Las Vegas, near Downtown Las Vegas, shopping, dining, entertainment, and major transportation routes. WalkScore is 85, BikeScore is 66, and TransitScore is 69.
Key Highlights
- Four 2‑bedroom, 1‑bathroom units, each approximately 750 square feet
- 3,000 square feet of living area on a 6,970‑square‑foot lot
- Single‑story building constructed in 1960
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 - Four separate electric meters support tenant-paid electricity service.
Where is this quadplex located?
The property is located at 725 North 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 2‑bedroom, 1‑bathroom units, each approximately 750 square feet; 3,000 square feet of living area on a 6,970‑square‑foot lot; Single‑story building constructed in 1960
