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1851 N Walnut Rd - APPROVED R-4 ZONING FOR 48 UNITS 1.93 Acres of Residential Land Offered at $800,000 in Las Vegas, NV 89115
Investment Highlights
- APPROVED R-4 ZONING FOR A 48 UNIT APARTMENT COMPLEX
- Close to I-15, making it convenient to travel across the Las Vegas Valley.
- ASKING $16,666 per Door
Executive Summary
The 1.93 acres has an approved zone change to R-4 for a future 48-unit apartment complex. This resolution of Intent to R-4 expires on 4/19/2026
Property Facts
| Price | $800,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.93 AC |
| Property Type | Land | ||
| Zoning | R4 - 48 UNIT APARTMENT COMPLEX | ||
| Price | $800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.93 AC |
| Zoning | R4 - 48 UNIT APARTMENT COMPLEX |
1 Lot Available
Lot
| Price | $800,000 | Lot Size | 1.93 AC |
| Price Per AC | $414,507.77 |
| Price | $800,000 |
| Price Per AC | $414,507.77 |
| Lot Size | 1.93 AC |
Description
The area is predominantly characterized by commercial and industrial zoning; however, the area also includes several established residential neighborhoods comprising a mix of single-family homes and multifamily apartment communities. Like many urban cores, this region has experienced notable change in recent years, driven by ongoing revitalization efforts focused on infrastructure enhancements and support for local businesses. These public and private improvements have positively impacted the rental market, attracting a more stable renter base due to the area’s continued affordability and proximity to major transit corridors. Additionally, several national homebuilders have recognized the long-term potential of this submarket, acquired land and actively developing new residential communities that are contributing to the area’s transformation and growth.
Property Taxes
| Parcel Number | 140-19-302-006 | Improvements Assessment | $0 |
| Land Assessment | $236,425 | Total Assessment | $236,425 |
Property Taxes
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1851 N Walnut Rd - APPROVED R-4 ZONING FOR 48 UNITS
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