488 Albert Ave Las Vegas, NV 89119
University District NeighborhoodEstimated payment $5,231/month
Highlights
- Private Yard
- Storage
- Central Heating and Cooling System
- Laundry Room
- Luxury Vinyl Plank Tile Flooring
- Ceiling Fan
About This Home
Fully renovated 4-unit multifamily property featuring two 3-bedroom / 2-bath units and two 2-bedroom / 1-bath units. Each unit has been upgraded with modern kitchens, quartz countertops, stainless steel appliances, new flooring, and remodeled bathrooms. All units include in-unit washer and dryer, dedicated storage, and the property is fully fenced and secured. Conveniently located near UNLV, the Las Vegas Strip, shopping, dining, and major transportation routes. Excellent turnkey investment opportunity. Investor Highlights
Fully Renovated 4-Plex
Two 3BD / 2BA Units + Two 2BD / 1BA Units
In-Unit Washer & Dryer
Fully Fenced and Secured Property
Dedicated Storage for Each Unit
Projected Gross Income: $76,800
~7.1% Pro Forma Cap Rate
Minutes from UNLV & Las Vegas Strip
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,846
Year Built
- Built in 1963
Lot Details
- 5,663 Sq Ft Lot
- Private Yard
- Property is in excellent condition
Home Design
- Quadruplex
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 3,402 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Blinds
- Storage
- Luxury Vinyl Plank Tile Flooring
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- Water Heater
Community Details
- 4 Units
- Paradise South Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $1,849 | $78,272 | $44,100 | $34,172 |
| 2025 | $2,542 | $74,126 | $40,600 | $33,526 |
| 2024 | $1,586 | $74,126 | $40,600 | $33,526 |
| 2023 | $1,586 | $61,530 | $32,200 | $29,330 |
| 2022 | $1,469 | $58,066 | $30,800 | $27,266 |
| 2021 | $1,360 | $53,409 | $28,000 | $25,409 |
| 2020 | $1,260 | $52,901 | $28,000 | $24,901 |
| 2019 | $1,181 | $50,766 | $26,600 | $24,166 |
| 2018 | $1,127 | $48,046 | $25,200 | $22,846 |
| 2017 | $1,315 | $44,822 | $22,400 | $22,422 |
| 2016 | $1,056 | $41,610 | $19,600 | $22,010 |
| 2015 | $1,053 | $38,033 | $16,800 | $21,233 |
| 2014 | $1,020 | $33,740 | $15,400 | $18,340 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2026 03/13/26 | For Sale | $950,000 | +384.7% | $279 / Sq Ft | |
| 08/23/2016 08/23/16 | Sold | $196,000 | -2.0% | $58 / Sq Ft | View Prior Sale |
| 07/24/2016 07/24/16 | Pending | -- | -- | -- | |
| 05/01/2016 05/01/16 | For Sale | $199,900 | -- | $59 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $325,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | -- | Chicago Title Of Nevada | |
| Bargain Sale Deed | $196,000 | Chicago Title Of Nevada | |
| Bargain Sale Deed | $180,000 | Chicago Title Of Nevada | |
| Trustee Deed | $556,000 | Stewart Title Las Vegas Vega | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | $550,000 | Chicago Title | |
| Bargain Sale Deed | $454,905 | Ticor Title Of Nevada Inc | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Bargain Sale Deed | $385,000 | Ticor Title Of Nevada Inc | |
| Bargain Sale Deed | $286,000 | Land Title Of Nevada | |
| Bargain Sale Deed | $235,000 | Southwest Title | |
| Bargain Sale Deed | $265,000 | First American Title Co Of | |
| Bargain Sale Deed | $159,000 | First American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,000 | Seller Take Back | |
| Closed | $420,000 | New Conventional | |
| Previous Owner | $318,430 | Unknown | |
| Previous Owner | $262,500 | Negative Amortization | |
| Previous Owner | $308,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $282,015 | FHA | |
| Previous Owner | $211,500 | Unknown | |
| Previous Owner | $260,905 | FHA | |
| Previous Owner | $157,943 | FHA |
Source: Las Vegas REALTORS®
MLS Number: 2763724
APN: 162-15-411-034
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
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Ask me questions while you tour the home.