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Priced Below Replacement Costs 304 S Maryland Pky 12 Unit Apartment Building $2,049,000 ($170,750/Unit) 5.99% Cap Rate Las Vegas, NV 89101

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INVESTMENT HIGHLIGHTS

  • ? Brand-new construction
  • ? Priced below replacement cost
  • ? Owner financing available
  • ? Minimal maintenance
  • ? Motivated seller + price adjustment
  • ? Prime Downtown Las Vegas location

EXECUTIVE SUMMARY

https://www.BuyLasVegasApartmentBuildings.com/304-Maryland
Every so often, a property hits the market that feels less like a listing and more like an opportunity—one of those “if you know, you know” moments that serious investors recognize instantly.
This brand-new 12-unit multifamily building sits in the center of Prime Downtown Las Vegas, surrounded by growth, energy, and long-term demand. And now, after a recent $250,000 price adjustment and a motivated seller willing to offer owner financing with $1,000,000 down, this asset just became one of the most compelling buys in the entire market.
Below Replacement Cost—Instant Value from Day One.
You couldn’t build this property today for anywhere near the asking price. Rising construction costs make this offering a uniquely rare chance to secure new construction for less than its rebuild value—creating immediate value and long-term insulation from inflation.
Prime Downtown Location—In the Direct Path of Las Vegas Growth
Downtown Las Vegas continues to surge with redevelopment, new projects, new restaurants, new employers, and steady population inflow. Properties in this pocket are positioned for long-term appreciation, strong occupancy, and consistent demand.
To review complete financials, pro formas, and additional property information, visit the dedicated property website https://www.BuyLasVegasApartmentBuildings.com/304-Maryland
Or, to discuss this offering directly, call Paul Macaluso today for more details and to explore acquisition options.

PROPERTY FACTS

Price $2,049,000
Price Per Unit $170,750
Sale Type Investment
Cap Rate 5.99%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.16 AC
Building Size 8,200 SF
No. Stories 2
Year Built 2025
Opportunity Zone Yes
Zoning R4

AMENITIES

SITE AMENITIES

  • Fenced Lot
  • Furnished Units Available
  • Wheelchair Accessible

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 12 $1,025 250 - 285
Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
139-34-712-133
Land Assessment
$75,600
Improvements Assessment
$0
Total Assessment
$75,600
  • Listing ID: 38727683

  • Date on Market: 12/10/2025

  • Last Updated:

  • Address: 304 S Maryland Pky, Las Vegas, NV 89101

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