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4244 Middlesex Ave 4 Unit Apartment Building $640,000 ($160,000/Unit) 7.95% Cap Rate Las Vegas, NV 89110
Investment Highlights
- All 2-bedroom, 1-bath unit mix
- Opportunity to increase rents through strategic renewals
- Located in East Las Vegas, a strong rental corridor with low vacancy and high tenant demand for two-bedroom units
- Built in 1983, consistently maintained
- Well-sized layouts positioned for retention and steady occupancy
- Walking distance to neighborhood amenities and transit & Easy connections to Nellis Blvd and Boulder Hwy
Executive Summary
4244 Middlesex Ave is a stabilized fourplex built in 1983, offering 2-bedroom, 1-bath units that appeal to working families and long-term renters. The property is occupied with long-term tenants, providing dependable income. With spacious interiors and value-add potential through lease renewals, this asset delivers both stability and upside.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $640,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $160,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.95% | Building Size | 4,172 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $640,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,172 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,450 | 1,043 |
1 1
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 140-30-610-020 | Improvements Assessment | $45,028 (2026) |
| Land Assessment | $42,700 (2026) | Total Assessment | $87,728 (2026) |
Property Taxes
Parcel Number
140-30-610-020
Land Assessment
$42,700 (2026)
Improvements Assessment
$45,028 (2026)
Total Assessment
$87,728 (2026)
Contacts
-
Catherine Hyde -
Jeremy Hyde -
Jillian Hyde -
Hyde Real Estate Group at Simply Vegas
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4244 Middlesex Ave
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