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Investment Highlights

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

Executive Summary

A Rare Chance to Own New Construction in the Heart of Downtown Las Vegas—Now with a Major Price Adjustment
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 $300,000 price adjustment, this asset just became one of the most compelling buys in the entire market.
Built with today’s renter in mind, this newly completed building gives future ownership the comfort of knowing the heavy lifting is already done. No renovations. No deferred maintenance. No guessing about what might fail next year. Just clean, efficient operations for years to come.
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.
With 12 efficiency studio units, this asset hits the sweet spot for affordability, convenience, and modern living—ideal for the workforce and young professionals who continue pouring into the Downtown corridor.
To review complete financials, pro formas, and additional property information, visit the dedicated property website linked below.
Or, to discuss this offering directly, call Paul Macaluso today for more details and to explore acquisition options.

Property Facts

Price $1,699,999
Price Per Unit $141,667
Sale Type Investment
Cap Rate 7.22%
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
  • Wheelchair Accessible

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 - 350
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
139-34-712-133
Land Assessment
$75,600
Improvements Assessment
$253,048
Total Assessment
$328,648
  • Listing ID: 41364273

  • Date on Market: 7/20/2026

  • Last Updated:

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

Contact the Sale Advisor

Best Value LV Multifamily | 304 S Maryland Pky

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