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Listed price in listed location currency (USD).
$689,000

008

MLS® 2829962

Overview

Key Facts

Type Multi Family
Levels Residential
Size 3204 sqft
Garage 
Taxes $1,677
Days Active 0
Lot Size 0.2 Acres
Approx. Age 1963
Avg. Price Per Sqft $215
MLS® Number 2829962

Property Address: 2516 Ellis St, North Las Vegas, NV, 89030-6373

Average square foot calculated using Size range provided by listing agent.

Description

GREAT OPPORTUNITY FOR FIRST-TIME OR EXPERIENCED INVESTORS! FOURPLEX | NO HOA | RECENT RENOVATIONS | INCOME & UPSIDE POTENTIAL Looking to get started in multifamily investing or add another income-producing property to your portfolio? This North Las Vegas fourplex offers a great combination of established rental income, recent improvements, and room to grow. 2516 Ellis features four spacious 2-bedroom, 1-bath units, all on one level. With three units already rented and the fourth recently renovated and vacant, a new owner has the opportunity to increase rental income right away. Income From Day One: Three occupied units currently generate $4, 335 per month. Immediate Rental Upside: Lease the vacant, renovated unit at a projected $1, 450 per month to increase scheduled rental income to $5, 785 monthly. Recent Improvements: Two units renovated in 2024, including a new A/C system in Unit D. Simple, Practical Layout: Four identical 2-bedroom, 1-bath units in a single-story building, making leasing and maintenance more straightforward. No HOA: No monthly association dues cutting into your rental income. Attractive Investment Potential: Estimated 5.2% in-place CAP rate with a projected 7.4% stabilized CAP rate once the vacant unit is leased. Convenient Location: Close to I-15, Downtown Las Vegas, shopping, schools, parks, and everyday amenities. Whether you're purchasing your first rental property or expanding an existing portfolio, this fourplex offers a practical entry into multifamily ownership with existing tenants, recent renovations, and an opportunity to improve cash flow. Offering Memorandum, rent roll, and investment analysis available upon request. Showings by appointment only, contact listing agent.
MLS® Number2829962
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
DrivewayPaved
Garage Spaces
HeatCentral, Electric
A/CCentral Air

Extras

Price History

Last Sold Price

$615,000$615K

Appreciation

--

Avg. Days Listed

61 days

Today, For Sale for $689,000

Mid-century architectural details elevate this sin
For Sale · 0 days

$689,000

MLS® 2829962

11 hours ago

Not Sold Yet

October 2026, For Sale for $689,000

Mid-century architectural details elevate this sin
For Sale · 0 days

$689,000

MLS® 2829962

11 hours ago

Not Sold Yet

March 2025, Sold for $615,000

Sold · 61 days

$615,000$625,000

MLS® 2649679

2 years ago

Sold on Mar 28, 2025

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