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521 Calcaterra Cir 6 Unit Apartment Building $1,200,000 ($200,000/Unit) 6% Cap Rate Las Vegas, NV 89119
EXECUTIVE SUMMARY
Welcome to a rare investment opportunity just steps from the vibrant energy of the Las Vegas Strip. Nestled at 521 Calcaterra Cir, this fully renovated 6-unit multifamily building offers modern living in a prime location. Built in 1963 and thoughtfully updated, the property features one- and two-bedroom units with contemporary finishes, new appliances, and a fully fenced courtyard.
Property Highlights
Address: 521 Calcaterra Cir, Las Vegas, NV 89119
Building Status: 6-unit multifamily low-rise, built in 1963.
Unit Mix & Income Potential:
Unit A - 2br/1bth; $1000/mth
Unit B - 1br/1bth; $1150/mth
Unit C - 1br/1bth; $950/mth
Unit D - 2br/1bth; vacant
Unit E - 1br/1bth; $1050/mth
Unit F - 1br/1bth; vacant
Estimated potential gross income: approx. $73,800/year.
Recent Renovations: Each unit features new appliances, modern finishes and is part of a completely fenced courtyard community.
Location Perks:
Centrally located and close to the Las Vegas Strip offering strong rental demand and high visibility.
Excellent walkability score for nearby shopping and restaurants.
Land & Zoning: Lot size ~0.19 acres, building size ~4,308 sq ft. Zoning H-1 (County).
Why This Property Stands Out
Turn-key investment With updated units, minimal deferred maintenance and immediate income-potential, this is ideal for value-add or hold strategy.
Proximity to Las Vegas Strip Being ~1 mile from the Strip means high tenant appeal, especially for working professionals or short-term leases (subject to zoning).
Scalable model With 6 units, moderate scale gives strong cash-flow without the complexity of large apartment buildings.
Courtyard & community feel Shared outdoor space adds appeal for tenants seeking upgraded lifestyle at a competitive rental rate.
Property Highlights
Address: 521 Calcaterra Cir, Las Vegas, NV 89119
Building Status: 6-unit multifamily low-rise, built in 1963.
Unit Mix & Income Potential:
Unit A - 2br/1bth; $1000/mth
Unit B - 1br/1bth; $1150/mth
Unit C - 1br/1bth; $950/mth
Unit D - 2br/1bth; vacant
Unit E - 1br/1bth; $1050/mth
Unit F - 1br/1bth; vacant
Estimated potential gross income: approx. $73,800/year.
Recent Renovations: Each unit features new appliances, modern finishes and is part of a completely fenced courtyard community.
Location Perks:
Centrally located and close to the Las Vegas Strip offering strong rental demand and high visibility.
Excellent walkability score for nearby shopping and restaurants.
Land & Zoning: Lot size ~0.19 acres, building size ~4,308 sq ft. Zoning H-1 (County).
Why This Property Stands Out
Turn-key investment With updated units, minimal deferred maintenance and immediate income-potential, this is ideal for value-add or hold strategy.
Proximity to Las Vegas Strip Being ~1 mile from the Strip means high tenant appeal, especially for working professionals or short-term leases (subject to zoning).
Scalable model With 6 units, moderate scale gives strong cash-flow without the complexity of large apartment buildings.
Courtyard & community feel Shared outdoor space adds appeal for tenants seeking upgraded lifestyle at a competitive rental rate.
PROPERTY FACTS
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,308 SF |
| Cap Rate | 6% | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1963/2019 |
| Property Type | Multifamily | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | H-1, County | ||
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,308 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2019 |
| Parking Ratio | 1.39/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | H-1, County |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,050 | 550 |
| 2+2 | 2 | $1,075 | 670 |
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 162-15-411-039 | Improvements Assessment | $48,764 |
| Land Assessment | $45,150 | Total Assessment | $93,914 |
PROPERTY TAXES
Parcel Number
162-15-411-039
Land Assessment
$45,150
Improvements Assessment
$48,764
Total Assessment
$93,914
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Guardian Realty Investment and Property Management
521 Calcaterra Cir
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