Four-Unit Apartment
For Sale
$498,000
732 North 11th Street, Las Vegas, NV 89101
Central Las Vegas property with ample parking and a consistent two-bedroom, one-bath layout across all units.
Property Size3,356 SF
Days on Market252
Property Features for 732 North 11th Street
General Information
Standard status
Active
Size
3,356 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,637
Building Details
Building Size
3,356 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
Keller Williams MarketPlace
Listed By:
Richard J. Brenkus · License #BS.0016186
(702) 752-0044
Source:
Virtuelre
Added: Feb 3
Changed: Sep 30
Last Checked: Oct 13 at 2:30AM
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.
Built in 1961, this four-unit apartment property offers a consistent configuration throughout, with each residence containing two bedrooms and one bathroom. The repeatable layout provides a clear physical profile for evaluating the property as a multifamily asset.
The property is located at 732 North 11th Street in Las Vegas, within the 89101 ZIP code. Ample parking is available on site, adding a practical feature for residents and supporting the building’s four-unit configuration.
The property is located at 732 North 11th Street in Las Vegas, within the 89101 ZIP code. Ample parking is available on site, adding a practical feature for residents and supporting the building’s four-unit configuration.
Key Highlights
- Four‑unit multifamily property
- Each unit includes 2 bedrooms and 1 bath
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,628
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,560
$772.6K
Cap Rate 7%
$551,829
$551.8K
Cap Rate 9%
$429,200
$429.2K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$58.4K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$55.2K $16.44/SF
− OpEx
−$16.6K −$4.93/SF
NOI
$38.6K $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%
$772,560
Cap Rate 7%
$551,829
Cap Rate 9%
$429,200
Alternative Uses
Best Use
Multifamily LT 5
$551.8K
$482.9K – $643.8K
NOI $38,628 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$509.9K
$446.2K – $594.9K
NOI $35,696 @ 7.0% cap · market cap 7.17%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,175 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Central Las Vegas property with ample parking and a consistent two-bedroom, one-bath layout across all units.
Where is this quadplex located?
The property is located at 732 North 11th Street 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 multifamily property; Each unit includes 2 bedrooms and 1 bath; Built in 1961
