4619 Garden Place, Las Vegas, NV 89107, Las Vegas, 89107 - 4 bed, 2 bath
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Las Vegas, NV 89107
This Strong Value Opportunity is a turnkey triplex listed at $399,000, positioned well below the $365,094 Fair Market Value by -9%. Generating $43,200 in annual gross rent, this Condition Rating 3 asset features recent interior refreshes and a new water heater, minimizing immediate capital expenditures. With No HOA Fees and a stable, tenant-occupied status, the property offers immediate cash flow for Buy-and-Hold Investors and Portfolio Diversifiers seeking a stabilized, income-producing asset in a well-connected Las Vegas location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4619 Garden Place Subject | $399,000* List Price | 4 | 2 | 1,383 | $264 | - |
A 4213 Evergreen Place Sold | $400,000 | 4 | 2 | 1,559 | $257 | 0.4 mi |
B 4700 Fulton Place Sold | $392,950 | 4 | 2 | 1,551 | $253 | 0.0 mi |
C 4404 Mayflower Lane Sold | $423,000 | 3 | 2 | 1,350 | $313 | 0.4 mi |
D 4412 Baxter Place Sold | $374,990 | 3 | 2 | 1,557 | $241 | 0.3 mi |
E 4504 Nolan Lane Sold | $350,000 | 3 | 2 | 1,297 | $270 | 0.3 mi |
F 4504 Nolan Lane Sold | $350,000 | 3 | 2 | 1,297 | $270 | 0.3 mi |
G 4531 Alpine Place Active | $350,000 List Price | 4 | 3 | 1,476 | $237 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1955, the interior has undergone a recent refresh with modern LVP flooring, updated bathroom vanities, and fresh paint. The listing notes a new water heater and functional systems, making the property move-in ready and well-maintained for a turnkey investment.
The property is a turnkey, professionally managed triplex generating $3,600 in gross monthly rent, providing a strong 10.8% gross annual yield.
Recent updates, including a new water heater and refreshed finishes in the main house, help minimize immediate maintenance costs for the new owner.
The absence of a homeowners association eliminates monthly fees and restrictive covenants, maximizing the net operating income for investors.
The 'drive-by only' restriction and requirement for proof of funds prior to interior showings may deter some buyers and complicate the initial due diligence process.
Built in 1955, the property may require more frequent long-term maintenance or system upgrades typical of older vintage homes despite recent cosmetic refreshes.
Investor alert! Cash-flowing triplex generating $3,600 in gross monthly rent ($43,200 annually) under professional property management. The main house offers 4 bedrooms and 2 bathrooms leased at $1,800/month, with two additional studios behind the main house leased at $1,000 and $800/month. Recent updates include a new water heater and refreshed finishes throughout the main house, reducing near-term capital expenses for the next owner. A turnkey opportunity to add a stabilized, income-producing asset to your portfolio from day one. Tenant-occupied. Drive-by only. Interior showings will be accommodated upon receipt of a POF and serious inquiries. Please do not disturb the tenants. Ask me about the portfolio sale! If you have ever wanted a deal for multiple properties now is the time!
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,383 | 1,660 | 36% |
| Lot Size | 6,970 | 6,534 | 55% |
| Price | $399.0K | $355.0K | 73% |
| Price per sq ft | $289 | $212 | 81% |
| Built year | 1955 | 1963 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 264 | 1% |
May 13, 2026
$399,000
Initial Listing