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2105 S 15th St
Las Vegas, NV 89104
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Diverse Mix: The property’s unit mix offers a combination of studio, 2-bedroom, and 3-bedroom floor plans to accommodate a broad range of tenants.
- Urban Revitalization: Located near Downtown Las Vegas, the property benefits from its proximity to a planned mixed-use redevelopment.
- Modern Interiors: Contemporary finishes create an attractive living environment that appeals to today’s renters.
- Central Location: Positioned within an established central neighborhood, the property offers convenient access to major employment and retail.
Executive Summary
The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present 2105 South 15th Street, a multifamily investment opportunity in one of Las Vegas’ established residential neighborhoods, offering a diverse unit mix that appeals to a broad tenant base. The property’s central location provides convenient access to Downtown Las Vegas, the Las Vegas Strip, major employment centers, and several of the valley’s primary transportation corridors. Its position within a supply constrained infill neighborhood supports consistent renter demand from a variety of demographic groups. The combination of accessibility, neighborhood connectivity, and functional layouts creates a compelling long-term rental offering.
The surrounding area continues to benefit from meaningful public and private investment, highlighted by the planned Historic Commercial Center District redevelopment. This transformative mixed use project is expected to introduce new residential, entertainment, dining, and commercial uses that will further enhance the surrounding neighborhood. The property’s proximity to this redevelopment places it within an area experiencing renewed investment and expanding neighborhood amenities. Nearby access to employment, retail, education, and entertainment destinations further strengthens its appeal to residents.
Located within one of the Las Vegas Valley’s established urban corridors, the property benefits from strong regional connectivity and convenient access to major destinations throughout the metropolitan area. Its location offers residents efficient access to Downtown Las Vegas, the Las Vegas Strip, Harry Reid International Airport, and numerous employment centers throughout the valley. A balanced unit mix broadens the property’s appeal while supporting occupancy across multiple renter profiles. Combined with its strategic location near ongoing redevelopment activity, 2105 South 15th Street offers investors a well-positioned asset within an evolving urban submarket.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
The surrounding area continues to benefit from meaningful public and private investment, highlighted by the planned Historic Commercial Center District redevelopment. This transformative mixed use project is expected to introduce new residential, entertainment, dining, and commercial uses that will further enhance the surrounding neighborhood. The property’s proximity to this redevelopment places it within an area experiencing renewed investment and expanding neighborhood amenities. Nearby access to employment, retail, education, and entertainment destinations further strengthens its appeal to residents.
Located within one of the Las Vegas Valley’s established urban corridors, the property benefits from strong regional connectivity and convenient access to major destinations throughout the metropolitan area. Its location offers residents efficient access to Downtown Las Vegas, the Las Vegas Strip, Harry Reid International Airport, and numerous employment centers throughout the valley. A balanced unit mix broadens the property’s appeal while supporting occupancy across multiple renter profiles. Combined with its strategic location near ongoing redevelopment activity, 2105 South 15th Street offers investors a well-positioned asset within an evolving urban submarket.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Property Facts
| Price Per Unit | $185,000 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.24% | Building Size | 2,126 SF |
| Gross Rent Multiplier | 11.24 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1954 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | R-2 - Medium-Low Density Residential | ||
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 11.24 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 2,126 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Medium-Low Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 300 |
| 1+1 | 1 | - | 724 |
| 3+1 | 1 | - | 1,102 |
Property Taxes
| Parcel Number | 162-02-410-154 | Improvements Assessment | $22,698 |
| Land Assessment | $32,340 | Total Assessment | $55,038 |
Property Taxes
Parcel Number
162-02-410-154
Land Assessment
$32,340
Improvements Assessment
$22,698
Total Assessment
$55,038
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