Log In/Sign Up
Your email has been sent.
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 | $49,605 |
| Land Assessment | $48,300 | Total Assessment | $97,905 |
Property Taxes
Parcel Number
162-15-411-039
Land Assessment
$48,300
Improvements Assessment
$49,605
Total Assessment
$97,905
1 of 53
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Guardian Realty Investment and Property Management
521 Calcaterra Cir
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.