This exceptional investment opportunity presents a four-unit apartment building located in Las Vegas, Nevada's desirable Strip/University submarket. The property, situated at 5145 Golden Ln, boasts a total of 4,792 square feet, with 3,648 square feet of net rentable space. Built in 1977 and renovated in 2019, this Class C property features a mix of unit sizes: one three-bedroom, one two-bedroom, and two one-bedroom units. Each unit includes a private single-car garage, in-unit washer/dryer, and patio access. The property benefits from a 100% occupancy rate, generating a current NOI of $33,500 and a 5.40% cap rate. A pro-forma analysis projects a NOI of $44,000 and a 7.10% cap rate, indicating significant value-add potential. The property sits on a 0.11-acre lot and is zoned RM18. Conveniently located within two miles of the University of Nevada Las Vegas, Harry Reid International Airport, and the Las Vegas Strip, the property enjoys proximity to shopping, dining, and entertainment. Community amenities include a pool and BBQ grills. HOA covers water, sewer, and trash, further enhancing the investment appeal. Individual electricity meters ensure efficient utility billing. This property offers a compelling combination of strong current performance and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $620,000, representing $155,000 per unit and $129.38 per square foot.
Property Features for 5145 Golden Ln
General Information
Property type
Multifamily properties
Square Feet
4,792 SF
Class
C
Lot Size
4,792 SF
Building Details
Year Built/Renovated
1977/2019
Buildings
1
Stories
2
Units
4
HighLights
$620,000 asking price for this stabilized, value‑add multifamily investment property.
Four‑unit apartment building with 3,648 square feet of net rentable space, located in Las Vegas, NV.
5.40% current cap rate, with a pro‑forma cap rate of 7.10%.
100% occupancy, generating $33,500 in current NOI and a pro‑forma NOI of $44,000.
Built in 1977, renovated in 2019, situated on a 0.11‑acre lot in the desirable Strip/University submarket.
Multifamily property - Four-plex, 100% Occupancy, High NOI
Where is this multifamily property located?
The property is located at 5145 Golden Ln Las Vegas, NV.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: $620,000 asking price for this stabilized, value-add multifamily investment property.; Four-unit apartment building with 3,648 square feet of net rentable space, located in Las Vegas, NV.; 5.40% current cap rate, with a pro-forma cap rate of 7.10%.
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5145 Golden Ln Las Vegas, NV 89119
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
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Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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5145 Golden Ln Las Vegas, NV 89119
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5145 Golden Ln, Las Vegas, NV
Joe Napolitano
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5145 Golden Ln, Las Vegas, NV
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5145 Golden Ln, Las Vegas, NV
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Joe Napolitano
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