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376 N 15th St 4 Unit Apartment Building $570,000 ($142,500/Unit) 5.85% Cap Rate Las Vegas, NV 89101
Investment Highlights
- Three 2-bedroom, 1-bath units plus one non-conforming studio unit.
- Well-located in downtown Las Vegas with strong rental demand.
- Consistent occupancy and cash flow, ideal for investors.
- Built in 1982, providing value-add potential for rental increases.
- Close proximity to major employment centers, retail, and public transit.
- Opportunity to optimize rental income through upgrades or lease adjustments.
Executive Summary
Multifamily property built in 1982 featuring three 2-bedroom, 1-bathroom units and one non-conforming studio unit.
Located in Downtown Las Vegas with close proximity to major employment hubs, retail, and public transportation. Strong rental location with consistent demand.
Great opportunity for investors seeking a value-add asset with upside potential.
Located in Downtown Las Vegas with close proximity to major employment hubs, retail, and public transportation. Strong rental location with consistent demand.
Great opportunity for investors seeking a value-add asset with upside potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $570,000 | Building Class | C |
| Price Per Unit | $142,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,835 SF |
| Cap Rate | 5.85% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $570,000 |
| Price Per Unit | $142,500 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,835 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1982 |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
Amenities
Site Amenities
- Fenced Lot
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,175 | 775 |
| Studios | 1 | $725.00 | 510 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 139-35-212-070 | Total Assessment | $73,994 |
| Land Assessment | $36,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $37,244 | Tax Year | 2026 |
Property Taxes
Parcel Number
139-35-212-070
Land Assessment
$36,750
Improvements Assessment
$37,244
Total Assessment
$73,994
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Anthony Marinello -
Jason Dittenber -
Montana Giesbrecht -
Josh McDougall -
ABI Multifamily
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376 N 15th St
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