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1709 Fairfield Ave 7 Unit Apartment Building $1,400,000 ($200,000/Unit) 6.48% Cap Rate Las Vegas, NV 89102
Executive Summary
Located in an exceptionally convenient area, it is peaceful and quiet amidst the hustle and bustle.
This 7-unit apartment building features a desirable North-South orientation, ensuring excellent natural light throughout the year and energy efficiency—keeping interiors warm in the winter and cool in the summer.
This property has No HOA fee (It can save several hundred $ per month), maximizing your net operating income.
* Occupancy: 100% Leased
* 6 Units: 2-Bedroom / 1-Bathroom (Rented at $1,100/month each)
* 1 Unit: 1-Bedroom / 1-Bathroom (Rented at $900/month)
(now the rental price is lower than the market price).
No gas, Electricity only.
There are gated fences with door locks on both the east and west sides,
All the units have replaced their cabinets and countertops of Kitchen and bathroom,
Almost all the units with waterproof floors,
Almost all the units changed to double-glazed Windows and doors.
Sale as is.
This 7-unit apartment building features a desirable North-South orientation, ensuring excellent natural light throughout the year and energy efficiency—keeping interiors warm in the winter and cool in the summer.
This property has No HOA fee (It can save several hundred $ per month), maximizing your net operating income.
* Occupancy: 100% Leased
* 6 Units: 2-Bedroom / 1-Bathroom (Rented at $1,100/month each)
* 1 Unit: 1-Bedroom / 1-Bathroom (Rented at $900/month)
(now the rental price is lower than the market price).
No gas, Electricity only.
There are gated fences with door locks on both the east and west sides,
All the units have replaced their cabinets and countertops of Kitchen and bathroom,
Almost all the units with waterproof floors,
Almost all the units changed to double-glazed Windows and doors.
Sale as is.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,000
|
$13.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,299
|
$2.05
|
| Effective Gross Income |
$76,701
|
$11.80
|
| Taxes |
$3,639
|
$0.56
|
| Operating Expenses |
$6,136
|
$0.94
|
| Total Expenses |
$9,775
|
$1.50
|
| Net Operating Income |
$66,926
|
$10.30
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $13.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,299 |
| Annual Per SF | $2.05 |
| Effective Gross Income | |
|---|---|
| Annual | $76,701 |
| Annual Per SF | $11.80 |
| Taxes | |
|---|---|
| Annual | $3,639 |
| Annual Per SF | $0.56 |
| Operating Expenses | |
|---|---|
| Annual | $6,136 |
| Annual Per SF | $0.94 |
| Total Expenses | |
|---|---|
| Annual | $9,775 |
| Annual Per SF | $1.50 |
| Net Operating Income | |
|---|---|
| Annual | $66,926 |
| Annual Per SF | $10.30 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Dining Room
- Family Room
Site Amenities
- 24 Hour Access
- Fenced Lot
- On-Site Retail
- Dock
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,100 | 920 - 1,029 |
| 1+1 | 1 | $900.00 | 710 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 162-04-710-149 | Total Assessment | $129,890 (2026) |
| Land Assessment | $53,900 (2026) | Annual Taxes | $3,639 ($0.56/SF) |
| Improvements Assessment | $75,990 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
162-04-710-149
Land Assessment
$53,900 (2026)
Improvements Assessment
$75,990 (2026)
Total Assessment
$129,890 (2026)
Annual Taxes
$3,639 ($0.56/SF)
Tax Year
2025
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1709 Fairfield Ave
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