4-Unit Quadplex Near Fremont
For Sale
$490,000
905 E Bonanza Road, Las Vegas, NV 89101
Residential, Las Vegas, NV
Property Size2,999 SF
Lot Size0.15 Acres
Price / SF$163.39
Days on Market252
Property Features for 905 E Bonanza Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Window Treatments
Subdivision
Stewart Add
Elementary school
,
Directions
North on Las Vegas Blvd, Right on Bonanza
Standard status
Active
APN
139-26-410-020
Size
2,999 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
1446
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Electric (Heating)
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Keller Williams MarketPlace · Keller Williams Realty
(702) 939-0000
Listed By:
Richard J. Brenkus · License #BS.0016186
(702) 752-0044
Added: Feb 3
Changed: Sep 21
Last Checked: Oct 13 at 11:06AM
MLS# 2753416
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.
Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 2,999 square feet on a 0.15-acre parcel. Each residence is configured with 2 bedrooms and 1 bath. Interior finishes include tile and carpet flooring, window treatments, electric heating with wall furnaces, and evaporative cooling. Stucco construction is topped by a shingle and composition roof, with public water and public sewer serving the property. Built in 1959, the property includes ample parking and currently has 2 occupied units.
The property is located at 905 E Bonanza Road in Las Vegas, across the street from a Metro substation and a short distance from Fremont Street. Its four-unit configuration and uniform floor plans provide a straightforward multifamily layout in an established central Las Vegas setting.
The property is located at 905 E Bonanza Road in Las Vegas, across the street from a Metro substation and a short distance from Fremont Street. Its four-unit configuration and uniform floor plans provide a straightforward multifamily layout in an established central Las Vegas setting.
Key Highlights
- 4‑unit multifamily property with 2,999 square feet
- Each unit includes 2 bedrooms and 1 bath
- 0.15‑acre parcel with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,519
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,380
$690.4K
Cap Rate 7%
$493,129
$493.1K
Cap Rate 9%
$383,544
$383.5K
Market Conditions
NOI Build-Up for 2,999 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%
$690,380
Cap Rate 7%
$493,129
Cap Rate 9%
$383,544
Alternative Uses
Best Use
Multifamily LT 5
$493.1K
$431.5K – $575.3K
NOI $34,519 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$455.7K
$398.7K – $531.7K
NOI $31,899 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$1.04M
$906.8K – $1.21M
NOI $72,540 @ 7.0% cap · market cap 14.80%
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
Location Intelligence
Trade Area within ½ mile
2,982
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a consistent two-bedroom, one-bath layout with on-site parking and public utilities.
Where is this quadplex located?
The property is located at 905 E Bonanza Road Las Vegas, NV.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 4‑unit multifamily property with 2,999 square feet; Each unit includes 2 bedrooms and 1 bath; 0.15‑acre parcel with ample parking
