The Dwellings 230 S Maryland Pkwy 36 Unit Apartment Building $4,140,000 ($115,000/Unit) 5.21% Cap Rate Las Vegas, NV 89101

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present The Dwellings, a 36-unit multifamily community centrally located within the Downtown Las Vegas corridor. The community consists entirely of one-bedroom floor plans designed to provide efficient and functional living spaces for residents. Renovated unit interiors and upgraded exterior improvements create an attractive residential environment within one of Las Vegas’ most active urban neighborhoods. The Dwellings benefits from immediate access to Downtown employment centers, entertainment destinations, dining venues, and cultural attractions throughout the urban core. Continued revitalization throughout the surrounding area has further strengthened Downtown Las Vegas as a growing residential and lifestyle destination.
The Dwellings benefits from convenient access to Interstate 11, Interstate 15, and major employment corridors throughout the Las Vegas Valley. Residents are located near Fremont Street, the Arts District, Downtown Container Park, and several emerging entertainment and lifestyle destinations that continue to drive activity throughout the area. Ongoing redevelopment activity throughout Downtown Las Vegas continues to enhance neighborhood connectivity, walkability, and long-term area appeal. The Dwellings also stands to benefit from planned regional infrastructure improvements, including the Maryland Parkway Bus Rapid Transit project serving key destinations throughout the valley. These continued public and private investments are expected to further improve accessibility, pedestrian infrastructure, and overall neighborhood convenience for residents.
The Dwellings presents a well-positioned opportunity within a rapidly evolving submarket supported by continued public and private investment. Modernized interiors, strong regional accessibility, and proximity to Downtown amenities contribute to the community’s long-term residential appeal. The combination of stabilized operations and future rental growth potential positions The Dwellings for continued operational performance and tenant demand. Current rents remain competitive relative to surrounding renovated comparable properties, supporting additional long-term upside potential through continued operational optimization. As Downtown Las Vegas continues to expand as a residential, employment, and entertainment hub, The Dwellings remains well positioned to benefit from the area’s ongoing growth and redevelopment momentum.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*