Invest in a well-maintained, professionally managed fourplex in Lake Mead Villas, a secure, planned community with mature landscaping, playground and pool. Built in 1987 with a Cape Cod design, it’s ideally located in Northeast Las Vegas near major employers such as Amazon distribution centers, the VA Hospital, Nellis AFB, schools, and public transit—ensuring strong rental demand.
This 3,212 SqFt property features four spacious 2-bed, 1-bath units, each with a large living room, fireplace, dining area off the kitchen, and private laundry room with a refrigerator, washer, dryer, and dishwasher included. Updated, the property offers LVP floors, fresh paint, newer appliances, shower enclosures, blinds, and new fireplace enclosures. With long-term tenants, this property generates steady income at a 6.77% CAP rate, with potential to exceed 7% at the next lease renewal. HOA fees cover trash, sewer, exterior upkeep (roof/stairs), landscaping, common utilities, and pool access.
Closed
$625,000
1956 Cosmic Dr, Las Vegas, NV 89115
8beds
16baths
3,212sqft
Quadruplex, Multi Family, Multi Family
Built in 1987
-- sqft lot
$601,800 Zestimate®
$195/sqft
$1,214 Estimated rent
Home value
$601,800
$542,000 - $668,000
$1,214/mo
Zestimate® history
Owner options
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$1,214/mo
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$1,214/mo
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$3,633/mo
Est. payment
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$3,633/mo
Est. payment
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List your homeWhat's special
Cape cod designPrivate laundry roomMature landscapingLvp floorsFresh paintNewer appliances
Zillow last checked:
Listing updated:
Listed by:
Catherine Hyde S.0070366 (702)408-2289,
Simply Vegas
Bought with:
Jose Viernes, S.0190616
Keller Williams VIP
Source: LVR,MLS#: 2665853
Originating MLS: Greater Las Vegas Association of Realtors Inc
Originating MLS: Greater Las Vegas Association of Realtors IncFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 16
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Window Treatments
- Flooring: Carpet, Ceramic Tile, Tile
- Windows: Blinds
Interior area
- Total structure area: 3,212
- Total interior livable area: 3,212 sqft
Property
Parking
- Parking features: Alley Access, Paved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 14019711023
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Wood Frame
- Roof: Composition,Pitched,Shingle
Condition
- Resale,Very Good Condition
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lake Mead Villas
HOA
- Has HOA: Yes
- Amenities included: Playground, Pool
- Services included: Maintenance Grounds, Recreation Facilities
Location
- Region: Las Vegas
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $280,263
- Annual tax amount: $2,133
- Date on market: 3/17/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Other
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2025 | Sold | $625,000$195/sqft |
Source:  LVR #2665853 Report a problem | ||
| 4/15/2025 | Pending sale | $625,000$195/sqft |
Source: BHHS broker feed #2665853 Report a problem | ||
| 4/14/2025 | Contingent | $625,000$195/sqft |
Source: LVR #2665853 Report a problem | ||
| 3/17/2025 | Listed for sale | $625,000+28.2%$195/sqft |
Source: LVR #2665853 Report a problem | ||
| 3/25/2022 | Sold | $487,500+4.8%$152/sqft |
Source: LVR #2365779 Report a problem | ||
| 2/4/2022 | Contingent | $465,000$145/sqft |
Source: LVR #2365779 Report a problem | ||
| 1/26/2022 | Listed for sale | $465,000+165.7%$145/sqft |
Source: LVR #2365779 Report a problem | ||
| 10/7/2018 | Listing removed | $700 |
Source: The MOR Group Report a problem | ||
| 10/5/2018 | Listed for rent | $700+7.7% |
Source: The MOR Group Report a problem | ||
| 10/26/2017 | Listing removed | $650 |
Source: Zillow Rental Network Report a problem | ||
| 9/22/2017 | Price change | $650-3.7% |
Source: Zillow Rental Network Report a problem | ||
| 9/15/2017 | Listed for rent | $675+3.8% |
Source: Zillow Rental Network Report a problem | ||
| 1/17/2017 | Listing removed | $650+9.2% |
Source: Zillow Rental Network Report a problem | ||
| 5/12/2016 | Listing removed | $595+32.2% |
Source: Key Property Management LLC Report a problem | ||
| 4/8/2014 | Listing removed | $450 |
Source: Zillow Rental Network Report a problem | ||
| 1/17/2014 | Listed for rent | $450 |
Source: Zillow Rental Network Report a problem | ||
| 5/14/2013 | Sold | $175,000$54/sqft |
Source: LVR #1335029 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,304 +8% | $98,092 +7.3% |
| 2025 | $2,133 -9.7% | $91,442 -1.6% |
| 2024 | $2,363 +29.2% | $92,909 +11.5% |
| 2023 | $1,830 +8% | $83,290 +9.6% |
| 2022 | $1,694 +7.7% | $75,971 +3.1% |
| 2021 | $1,573 +6.7% | $73,688 +3.4% |
| 2020 | $1,474 +4.8% | $71,244 +11.4% |
| 2019 | $1,406 +6.9% | $63,957 |
| 2018 | $1,315 | $63,957 +4.7% |
| 2017 | $1,315 | $61,091 +0.4% |
| 2016 | $1,315 +0.3% | $60,846 +3.3% |
| 2015 | $1,312 +3.2% | $58,930 +42.3% |
| 2014 | $1,271 | $41,398 |
| 2013 | -- | $41,398 +5.1% |
| 2012 | -- | $39,398 -6.4% |
| 2011 | -- | $42,092 -6.4% |
| 2010 | -- | $44,984 -46.2% |
| 2009 | -- | $83,607 |
| 2008 | -- | $83,607 -27.3% |
| 2007 | -- | $115,060 +27.7% |
| 2006 | -- | $90,120 +27.4% |
| 2005 | -- | $70,739 +23% |
| 2004 | -- | $57,533 +4% |
| 2003 | -- | $55,325 +1.9% |
| 2002 | -- | $54,290 +3.3% |
| 2001 | -- | $52,550 |
Find assessor info on the county website
Neighborhood: Sunrise Manor
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Nearby schools
GreatSchools rating
- 5/10Manuel J Cortez Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Mario C & Joanne Monaco Middle SchoolGrades: 6-8Distance: 1 mi
- 1/10Desert Pines High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: ,
Source: LVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$601,800
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Estimated market value
$601,800
- Nevada
- Clark County
- Las Vegas
- 89115
- Sunrise Manor
- 1956 Cosmic Dr
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