4-Unit Apartment
For Sale
$498,000
728 North 11th St, Las Vegas, NV 89101
Quadplex with four two-bedroom, one-bath residences and available on-site parking.
Property Size3,550 SF
Price / SF$140.28
Days on Market52
Property Features for 728 North 11th St
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1962
Listing Agency:
Keller Williams MarketPlace
Listed By:
Richard J. Brenkus · License #BS.0016186
(702) 939-0000
Source:
Tmgluxury
Added: Aug 23
Changed: Oct 7
Last Checked: Oct 7 at 1:14PM
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 Keller Williams MarketPlace
Investment Insights
Based on property information with market context.
This 3,550-square-foot quadplex contains four residential units, each configured with two bedrooms and one bathroom. The property was built in 1962 and includes available parking for residents or guests.
Located at 728 North 11th St in Las Vegas, Nevada, the property offers a four-unit residential income configuration within the 89101 ZIP code.
Located at 728 North 11th St in Las Vegas, Nevada, the property offers a four-unit residential income configuration within the 89101 ZIP code.
Key Highlights
- Four‑unit quadplex configuration
- Each unit includes 2 bedrooms and 1 bath
- 3,550 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,861
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,220
$817.2K
Cap Rate 7%
$583,729
$583.7K
Cap Rate 9%
$454,011
$454.0K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$61.8K $17.40/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$58.4K $16.44/SF
− OpEx
−$17.5K −$4.93/SF
NOI
$40.9K $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%
$817,220
Cap Rate 7%
$583,729
Cap Rate 9%
$454,011
Alternative Uses
Best Use
Multifamily LT 5
$583.7K
$510.8K – $681.0K
NOI $40,861 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$539.4K
$472.0K – $629.3K
NOI $37,760 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,867 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
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 - Quadplex with four two-bedroom, one-bath residences and available on-site parking.
Where is this quadplex located?
The property is located at 728 North 11th St Las Vegas, NV.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; Each unit includes 2 bedrooms and 1 bath; 3,550 square feet of property size
