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1812 Lewis Ave 4 Unit Apartment Building $699,000 ($174,750/Unit) 7.66% Cap Rate Las Vegas, NV 89101
Investment Highlights
- Downtown Las Vegas - near Freemont Street Experience
- Beautifully remodeled 4-Plex
- Excellent to owner occupy one of the stunningly remodeled units
- Walking distance to businesses, shops & restaurants
- Stable investment property at a 7.66% cap rate
Executive Summary
Discover this exquisitely renovated 4-plex nestled in the vibrant heart of downtown Las Vegas! Boasting a total of +/-2,694 SF, this gem features four remodeled units, including three 1-bed and 1-bath units, and a spacious 2-bed and 1-bath unit, all situated on a generous 6,970 SF lot. Adorned with lush landscaping, private, secure fencing, and a spacious, private BBQ area, this charming 4-plex promises an inviting ambiance. With a stellar 7.66% CAP rate based on current rents, this property offers lucrative, steady cash flow with upside potential. Positioned within walking distance of bustling businesses, trendy shops, and delectable eateries, as well as a short drive to the iconic Freemont Street Experience and the renowned Las Vegas Strip, this exceptional 4-plex presents a stable investment opportunity with upside, and ideal property for an owner looking to reside in one of the beautifully remodeled units. This one will go fast. Email me for more information or to make an offer before it's gone.
*Please do not disturb occupants. Showings available upon submitting an offer.
*Please do not disturb occupants. Showings available upon submitting an offer.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $174,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.66% | Building Size | 2,694 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 10 | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1964/2020 |
| Property Type | Multifamily | Parking Ratio | 1.48/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, Las Vegas - R-4 | ||
| Price | $699,000 |
| Price Per Unit | $174,750 |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,694 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 1.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Las Vegas - R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 |
| 2+1 | 1 | - | 800 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 139-35-814-004 | Improvements Assessment | $24,411 |
| Land Assessment | $46,900 | Total Assessment | $71,311 |
Property Taxes
Parcel Number
139-35-814-004
Land Assessment
$46,900
Improvements Assessment
$24,411
Total Assessment
$71,311
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