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14th St Apartments 316-322 N 14th St 10 Unit Apartment Building $2,120,000 ($212,000/Unit) 5.14% Cap Rate Las Vegas, NV 89101



INVESTMENT HIGHLIGHTS
- A Fully Stabilized Downtown Asset That’s Already Performing
- An Asset That’s Easy to Own and Easy to Hold
- 100% Occupied with Proven Tenant Demand
- The Kind of Downtown Property You Acquire and Hold with Confidence
EXECUTIVE SUMMARY
316–322 N 14th Street offers a rare opportunity to acquire a fully renovated, stabilized multifamily asset in the heart of Downtown Las Vegas—one of the city’s most active and supply-constrained rental markets.
This 10-unit multifamily property is 100% occupied, demonstrating consistent tenant demand and reliable in-place performance. The asset has been fully renovated, allowing new ownership to step into a clean, modern property with no near-term capital improvement requirements.
Positioned for long-term durability, the property benefits from a manageable unit count, renovated interiors, and a downtown location that continues to attract residents seeking proximity to employment, entertainment, and transit. Assets of this size and condition in the downtown core are increasingly difficult to replicate, making this an ideal acquisition for investors focused on stability, predictability, and long-term hold strategies.
Surrounded by ongoing redevelopment and urban infill, 316–322 N 14th Street sits directly in the path of Downtown Las Vegas’ continued evolution. The combination of full renovation, strong occupancy, and prime downtown positioning creates an investment profile built for consistent cash flow today and sustained relevance well into the future.
This is a clean, well-executed downtown asset designed for investors who value simplicity, performance, and longevity.
This 10-unit multifamily property is 100% occupied, demonstrating consistent tenant demand and reliable in-place performance. The asset has been fully renovated, allowing new ownership to step into a clean, modern property with no near-term capital improvement requirements.
Positioned for long-term durability, the property benefits from a manageable unit count, renovated interiors, and a downtown location that continues to attract residents seeking proximity to employment, entertainment, and transit. Assets of this size and condition in the downtown core are increasingly difficult to replicate, making this an ideal acquisition for investors focused on stability, predictability, and long-term hold strategies.
Surrounded by ongoing redevelopment and urban infill, 316–322 N 14th Street sits directly in the path of Downtown Las Vegas’ continued evolution. The combination of full renovation, strong occupancy, and prime downtown positioning creates an investment profile built for consistent cash flow today and sustained relevance well into the future.
This is a clean, well-executed downtown asset designed for investors who value simplicity, performance, and longevity.
PROPERTY FACTS
| Price | $2,120,000 | Building Class | C |
| Price Per Unit | $212,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,900 SF |
| Cap Rate | 5.14% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 10 | Year Built/Renovated | 1953/2019 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $2,120,000 |
| Price Per Unit | $212,000 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,900 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2019 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Tile Floors
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
- Window Coverings
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (76)
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14th St Apartments | 316-322 N 14th St
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