Great Investment Opportunity-Great proximity to UNLV, the STRIP, abundance of shopping-McCarran airport-all units are currently rented on leases-professionally managed--tenants only pay electric-HOA includes sewer, trash, water, ground maintenance-owner is responsible for building paint, roofs, garages-two- one bed units, one is a loft, one is single story-these units rent fast. Community pool and club house-gated with security.
Multi-familyProperty Type
1977Year Built
$164Est. Price/Sq.Ft.
1 garage spacesParking
Listed by Anthony DeNuccio• BHHS Nevada Properties
Fabulous Investment Opportunity! 100% occupied! Rent totaling $2675 a month. Two units have been newly renovated, and the other two have been very well maintained. All units come with a 1 car garage which includes washer/dryer inside. This awesome 4plex located in gated community with community pool and nearby amazing park, minutes away from UNLV and Las Vegas Strip!
GLVAR #1025174
Apr 13, 2010
Sold
$151,000
$40/sq ft
Apr 13, 2010
Listing Removed
—
Mar 18, 2010
Listed
$159,900
$42/sq ft
PERFECTLY UPDATED 4-PLEX. REMODELED WITH NEW PAINT INTERIOR AND EXTERIOR, NEW CARPET, FIXTURES, NEW GARAGE DOORS, NEW BLINDS, ETC. .. .TOO MUCH TO LIST. ALL 4 UNITS ARE READY FOR NEW OWNER TO MANAGE. WILL NOT LAST. .. .
GLVAR #1001504
Mar 9, 2010
Sold
$78,750
$21/sq ft
Mar 9, 2010
Listing Removed
—
Dec 22, 2009
Listed
$99,900
$26/sq ft
Public Records
Oct 26, 2006
Sold
$426,000
$112/sq ft
Public Records
Apr 1, 2005
Sold
$360,000
$94/sq ft
Public Records
Oct 9, 2003
Sold
$220,500
$58/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,940 (+7.8%)
$50,400 + $42,287
$92,687
2024
$1,798 (+8.0%)
$50,400 + $43,873
$94,273
2023
$1,666 (+8.0%)
$50,400 + $39,609
$90,009
2022
$1,543 (+8.0%)
$56,000 + $42,383
$98,383
2021
$1,429 (+7.9%)
$42,000 + $41,374
$83,374
2020
$1,324 (+6.7%)
$37,450 + $39,579
$77,029
2019
$1,241 (+4.8%)
$37,450 + $40,744
$78,194
2018
$1,184 (−31.4%)
$28,000 + $41,242
$69,242
2017
$1,726 (+56.1%)
$19,600 + $40,628
$60,228
2016
$1,106 (+3.2%)
$14,000 + $42,264
$56,264
2015
$1,072
$10,500 + $43,435
$53,935
2014
$1,071 (+3.0%)
$6,300 + $43,694
$49,994
2013
$1,040 (−26.6%)
$6,300 + $43,694
$49,994
2012
$1,418 (−8.7%)
$6,300 + $28,835
$35,135
2011
$1,553 (−4.5%)
$6,300 + $33,183
$39,483
2010
$1,627 (−1.0%)
$10,500 + $42,130
$52,630
2009
$1,643
$10,500 + $44,503
$55,003
Tax history for 5205 Gray Ln
Year
Property tax
Land + Additions
Assessment*
2025
$1,940 (+7.8%)
$50,400 + $42,287
$92,687
2024
$1,798 (+8.0%)
$50,400 + $43,873
$94,273
2023
$1,666 (+8.0%)
$50,400 + $39,609
$90,009
2022
$1,543 (+8.0%)
$56,000 + $42,383
$98,383
2021
$1,429 (+7.9%)
$42,000 + $41,374
$83,374
2020
$1,324 (+6.7%)
$37,450 + $39,579
$77,029
2019
$1,241 (+4.8%)
$37,450 + $40,744
$78,194
2018
$1,184 (−31.4%)
$28,000 + $41,242
$69,242
2017
$1,726 (+56.1%)
$19,600 + $40,628
$60,228
2016
$1,106 (+3.2%)
$14,000 + $42,264
$56,264
2015
$1,072
$10,500 + $43,435
$53,935
2014
$1,071 (+3.0%)
$6,300 + $43,694
$49,994
2013
$1,040 (−26.6%)
$6,300 + $43,694
$49,994
2012
$1,418 (−8.7%)
$6,300 + $28,835
$35,135
2011
$1,553 (−4.5%)
$6,300 + $33,183
$39,483
2010
$1,627 (−1.0%)
$10,500 + $42,130
$52,630
2009
$1,643
$10,500 + $44,503
$55,003
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
7
Baths
6
Stories
—
Lot width
—
Lot depth
—
Lot size
4,225 Sq. Ft.
Year renovated
1977
Sq. Ft.
3,748
Year built
1977
Style
Multi-Family (2-4 Unit)
County
Clark County
APN
16227611347
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 3, 2026.
RM18
A-O
Residential Multi-Family 18
The RM18 district is established to accommodate a wide range of high-density, single- and multi-family residential development and is intended to serve as a transition between moderate-density residential neighborhoods and high-density residential, commercial, and mixed-use areas.
Zone overlays
Airport Overlay
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Park & open space
Dec 9, 2017 • Final
Commercial building remodel/repair
Perform fire damage repairs according to the report on file.
Remodel
Dec 9, 2017 • Final
Commercial electric
Perform fire damage repairs according to the report on file.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage/Carport Information
Has Garage
Parking
Features: Garage, Paved
# of Parking (Total): 4
Interior
Virtual Tour
Equipment
Appliances: Exhaust Fan, Electric Water Heater, Disposal, Oven, Range, Refrigerator, Range Hood
Interior Features
Window Features: Blinds
Flooring: Carpet, Ceramic Tile
Multi Unit Information
# Of Units Total: 4
# Of Buildings: 1
Multi Unit Financial Information
Gross Income: $34,397
Operating Expense: $11,729
Professional Management Expense: $2,400
Insurance Expense: $560
Unit Type 1
1 Bedroom
Unit Description: 4-Fourplex
# of Bedrooms: 1
Actual Rent: $650
Unit Type 2
2 Bedroom
Unit Description: 4-Fourplex
# of Bedrooms: 2
Actual Rent: $770
Unit Type 3
1 Bedroom
Unit Description: 4-Fourplex
# of Bedrooms: 1
Actual Rent: $650
Unit Type 4
3 Bedroom
Unit Description: 4-Fourplex
# of Bedrooms: 3
Actual Rent: $885
Exterior
Building Information
Stories: 2
Year Built Details: RESALE
Roof Details: Composition, Flat, Pitched, Shingle
Construction Details: Stucco, Wood Frame
Land Information
Current Use: Residential
Property Information
Average Condition, Resale
Financial
Tax Information
Annual Tax Amount: $1,109
Lease Information
Lease Term: 12 Months
Lease Expiration: 1900-01-01
Rental Information
Tenant Pays: Electricity
Utilities
Utility Information
Electric: Photovoltaics None
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Cooling
Cooling: Central Air, Refrigerated
Has Heating
Heating: Central, Electric
Location
HOA Information
Has Home Owners Association
Association Fee: $640
Monthly
Association Fee Includes: Insurance, Maintenance Grounds, Recreation Facilities, Sewer, Security, Trash, Water
Association Amenities: Clubhouse, Landscaping, Pool, Guard, Cable TV
Location Information
Distance To Sewer Comments: Public
Distance To Water Comments: Public
Public facts
Beds: 7
Baths: 6.0
Sq. Ft.: 3,748
Stories: —
Lot Size: 4,225 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1977
Year Renovated: 1977
County: Clark County
APN: 16227611347
Home facts updated by county records on Oct 3, 2026
Around this home
Schools
Gene Ward Elementary School
Public PreK-5 • Assigned • 0.5mi
4/10
Helen C Cannon Junior High School
Public 6-8 • Assigned • 1.6mi
4/10
Del Sol High School
Public 9-12 • Assigned • 2.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 107° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Las Vegas, NV • 89119
Average low and high temperatures (°F)
59
41
68
49
77
56
79
59
89
68
101
80
104
84
103
83
92
73
84
63
67
50
63
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 13.3 hours in
June and 7.4 hours in December, placing it above the
U.S. average for solar exposure.
13.3 hrs
7.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$596,000 – $721,000
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