2516 Ellis Street, North Las Vegas, NV 89030
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Description
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 available for lease, 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 fourth, 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.
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.
Details
- Year Built
- 1963
- County
- Clark
- City
- North Las Vegas
- Zip
- 89030
- Neighborhood
- Arrowhead Acres Tr
- Elementary School
- —
- Middle School
- —
- High School
- —
- HOA
- No HOA
- Garage
- —
- Parking
- Paved
- Levels
- 1
Features
- Pool
- No
- Fireplace
- —
- Appliances
- Refrigerator, Water Heater
Exterior
- Exterior Features
- Private Yard
- Roof
- Pitched
Utilities
- Heating
- Central, Electric
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water Source
- Public
Property History
| Date | Event | Price |
|---|---|---|
| Oct 27, 2026 | Listed | $689,000 |
| Apr 28, 2025 | Sold | $615,000 |
| Mar 28, 2025 | Pending | $625,000 |
| Feb 18, 2025 | Back on Market | — |
| Feb 13, 2025 | Pending | $625,000 |
| Jan 26, 2025 | Listed | $625,000 |
| Jan 19, 2022 | Sold | $475,000 |
| Dec 16, 2021 | Pending | $465,000 |
| Dec 10, 2021 | Price Increase | $465,000 |
| Dec 10, 2021 | Back on Market | — |
| Nov 29, 2021 | Pending | $449,999 |
| Nov 22, 2021 | Listed | $449,999 |
Location
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To see the property located at 2516 Ellis Street, North Las Vegas, NV 89030 or any other home on this website please call 702-200-0019.
Listing #2829962 By Catherine Hyde (catherine@hyderealestate.com), Simply Vegas
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. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved. GLVAR deems information reliable but not guaranteed.
