Four-Unit Apartment
905 E Bonanza Road Las, Las Vegas, NV 89101
For Sale
$490,000
Four residential units offer a consistent two-bedroom, one-bath layout with on-site parking.
Property Size2,999 SF
Days on Market277
Property Features for 905 E Bonanza Road Las
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Amenities
Evaporative Cooling
Electric
Wall Furnace
Composition, Shingle
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams, The Marketplace
Listed By:
Rick Brenkus
(702) 752-0044
Source:
Kw
Added: Feb 7
Changed: Nov 8
Last Checked: Nov 10 at 11:50AM
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, The Marketplace
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Investment Insights
Based on property information with market context.
This four-unit apartment property was built in 1959 and includes a uniform configuration of two bedrooms and one bathroom in each residence. On-site parking serves the building, while the compact multifamily layout supports straightforward management across the unit mix.
The property is located at 905 East Bonanza Rd in Las Vegas, directly across from a Metro substation and a short distance from Fremont Street. Two of the four units are occupied, providing an existing residential tenancy profile within the building.
The property is located at 905 East Bonanza Rd in Las Vegas, directly across from a Metro substation and a short distance from Fremont Street. Two of the four units are occupied, providing an existing residential tenancy profile within the building.
Key Highlights
- Four‑unit multifamily property with 2 bedrooms and 1 bath per unit
- On‑site parking available for residents
- Two of four units are currently occupied
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.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,982
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
$258,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Las Vegas, NV
Properties on Market for Quadplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
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.
Where is this quadplex located?
The property is located at 905 E Bonanza Road Las 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: Four‑unit multifamily property with 2 bedrooms and 1 bath per unit; On‑site parking available for residents; Two of four units are currently occupied
