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343-345 N 10th St N
Las Vegas, NV 89101
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Boutique Community: The offering combines 8 apartment units with a separate two-story single-family residence, creating a unique opportunity.
- Downtown Access: The community offers convenient access to the major employment, dining, and entertainment destinations located in Downtown Las Vegas.
- Modern Living: Contemporary interior finishes create an attractive living environment that appeals to today’s renters.
- Strategic Flexibility: Two contiguous parcels provide a unique ownership configuration with enhanced long-term operational flexibility.
Executive Summary
The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present 343 & 345 North 10th Street, a 9-unit multi-family community consisting of eight one-bedroom apartment units and one detached two-bedroom single-family residence in the heart of Downtown Las Vegas. The property features thoughtfully designed residences with contemporary interiors, in-unit laundry, modern kitchens, and a curated collection of resident amenities including a community garden, shaded lounge area, fire pit, and secured access. Located just blocks from Fremont Street, Downtown Container Park, Fergusons Downtown, and the Arts District, residents enjoy convenient access to some of Las Vegas’ premier dining, entertainment, employment, and cultural destinations, creating a highly desirable urban living environment.
Strategically positioned on two contiguous parcels, the property offers a unique ownership configuration that enhances both operational efficiency and long-term flexibility. A dedicated parcel featuring resident amenities and parking complements the residential improvements while creating a distinctive layout rarely found among comparable Downtown multi-family investments. The property also benefits from excellent connectivity to Interstate 15, U.S. 95, Downtown Las Vegas, the Las Vegas Medical District, Symphony Park, and major employment centers throughout the Las Vegas Valley. This combination of accessibility, neighborhood amenities, and functional site design supports long-term tenant demand and stable occupancy.
343 & 345 North 10th Street represents a compelling opportunity to acquire a boutique multi-family asset in one of Southern Nevada’s most active urban revitalization corridors. Continued investment throughout Downtown Las Vegas, combined with limited opportunities to acquire well-established small multi-family communities in the area, reinforces the property’s long-term competitive positioning. Combining contemporary interiors, desirable community amenities, a unique configuration, and a premier Downtown Las Vegas location, the property is well positioned to deliver durable cash flow, operational efficiency, and long-term benefits.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Strategically positioned on two contiguous parcels, the property offers a unique ownership configuration that enhances both operational efficiency and long-term flexibility. A dedicated parcel featuring resident amenities and parking complements the residential improvements while creating a distinctive layout rarely found among comparable Downtown multi-family investments. The property also benefits from excellent connectivity to Interstate 15, U.S. 95, Downtown Las Vegas, the Las Vegas Medical District, Symphony Park, and major employment centers throughout the Las Vegas Valley. This combination of accessibility, neighborhood amenities, and functional site design supports long-term tenant demand and stable occupancy.
343 & 345 North 10th Street represents a compelling opportunity to acquire a boutique multi-family asset in one of Southern Nevada’s most active urban revitalization corridors. Continued investment throughout Downtown Las Vegas, combined with limited opportunities to acquire well-established small multi-family communities in the area, reinforces the property’s long-term competitive positioning. Combining contemporary interiors, desirable community amenities, a unique configuration, and a premier Downtown Las Vegas location, the property is well positioned to deliver durable cash flow, operational efficiency, and long-term benefits.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Property Facts
| Price Per Unit | $147,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.27% | Building Size | 5,398 SF |
| Gross Rent Multiplier | 10.32 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2018 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | T5-N - T5 Neighborhood | ||
| Price Per Unit | $147,222 |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| Gross Rent Multiplier | 10.32 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 5,398 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2018 |
| Opportunity Zone |
Yes |
| Zoning | T5-N - T5 Neighborhood |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 448 |
| 2+2 | 1 | - | 1,814 |
Property Taxes
| Parcel Number | 139-35-112-007 | Improvements Assessment | $53,954 |
| Land Assessment | $70,000 | Total Assessment | $123,954 |
Property Taxes
Parcel Number
139-35-112-007
Land Assessment
$70,000
Improvements Assessment
$53,954
Total Assessment
$123,954
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