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22 units for sale Multi-family Built 2026 2301 Seco Adobe Cir 22 Unit Apartment Building $5,500,000 ($250,000/Unit) 5.11% Cap Rate North Las Vegas, NV 89030
Investment Highlights
- Near Freeway I-15 quick access
- 6 plex buildings and 4 plex
- New Construction
Executive Summary
UPDATED PRICE as of July 27 2026 -- UPDATED photos as of July 13, 2026, Construction completed and units are being rented. Buy one building or buy all 4 buildings, 4 unique separate property APN's 3 - 6 plex units and one 4 plex for a total of 22 units. Building addresses 2301, 2305, 2309 & 2313 Seco Adobe Circle. Seller is Licensed Nevada Real Estate Agent and broker.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$368,280
|
$17.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$368,280
|
$17.98
|
| Taxes |
$42,000
|
$2.05
|
| Operating Expenses |
$45,000
|
$2.20
|
| Total Expenses |
$87,000
|
$4.25
|
| Net Operating Income |
$281,280
|
$13.73
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $368,280 |
| Annual Per SF | $17.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $368,280 |
| Annual Per SF | $17.98 |
| Taxes | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $2.05 |
| Operating Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $2.20 |
| Total Expenses | |
|---|---|
| Annual | $87,000 |
| Annual Per SF | $4.25 |
| Net Operating Income | |
|---|---|
| Annual | $281,280 |
| Annual Per SF | $13.73 |
Property Facts
| Price | $5,500,000 | Property Subtype | Apartment |
| Price Per Unit | $250,000 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.11% | Lot Size | 0.19 AC |
| Sale Condition | Bulk/Portfolio Sale | Construction Status | Under Construction |
| Gross Rent Multiplier | 14.93 | Building Size | 20,482 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Zoning | R4-R6 | ||
| Price | $5,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 14.93 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Construction Status | Under Construction |
| Building Size | 20,482 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | R4-R6 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | $1,395 | 931 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $182,000 | |
| Land Assessment | $182,000 | Annual Taxes | $42,000 ($2.05/SF) |
| Improvements Assessment | $0 | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$182,000
Improvements Assessment
$0
Total Assessment
$182,000
Annual Taxes
$42,000 ($2.05/SF)
Tax Year
2026
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Videos
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Photos
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Street
Map
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Presented by
Dara Realty Group
22 units for sale Multi-family Built 2026 | 2301 Seco Adobe Cir
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