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Investment Highlights

  • Assumable Financing: Attractive sub-5% interest-only financing available for more than six years.
  • Downtown Connectivity: Sunrise Apartments benefits from direct access to Downtown Las Vegas, major employment centers, and key transportation corridor
  • Stable Returns: Extensive renovations and a diversified resident profile support consistent operational performance.
  • Growth Corridor: Positioned near the planned Desert Pines redevelopment and ongoing area revitalization efforts.

Executive Summary

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present Sunrise Apartments, a 56-unit multifamily portfolio centrally located within the Downtown Las Vegas corridor. The six-property community offers a diverse mix of one-, two-, and three-bedroom floor plans designed to accommodate a broad resident base. Extensive renovations completed in 2025 introduced modernized interiors, updated finishes, and enhanced community amenities that create a more attractive and comfortable living environment.
The property benefits from strong regional connectivity with convenient access to Interstate 15, Fremont Street, retail centers, employment hubs, and major transportation corridors throughout the Las Vegas Valley. Residents are within close proximity to schools, parks, dining destinations, entertainment venues, and everyday neighborhood services, reinforcing the property’s central location and accessibility. Sunrise Apartments also stands to benefit from the nearby Desert Pines Redevelopment project, which is expected to introduce new housing, parks, commercial uses, and community improvements that further enhance the surrounding area.
Sunrise Apartments features upgraded unit interiors designed to appeal to today’s renters through contemporary finishes, functional layouts, and desirable in-unit amenities. Renovated kitchens, updated bathrooms, modern flooring, and on-site laundry contribute to a more convenient and elevated resident experience throughout the portfolio. Combined with its central location, proximity to ongoing redevelopment activity, and attractive assumable financing structure, the property is positioned for continued long-term demand and operational stability.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*

Taxes & Operating Expenses (Actual - 2026)

Annual
Gross Rental Income $731,412
Other Income $90,914
Vacancy Loss $47,541
Effective Gross Income $774,785
Taxes $21,651
Operating Expenses $265,021
Total Expenses $286,672
Net Operating Income $488,113

Taxes & Operating Expenses (Actual - 2026)

Gross Rental Income
Annual $731,412
Other Income
Annual $90,914
Vacancy Loss
Annual $47,541
Effective Gross Income
Annual $774,785
Taxes
Annual $21,651
Operating Expenses
Annual $265,021
Total Expenses
Annual $286,672
Net Operating Income
Annual $488,113

Property Facts

Price $8,100,000
Price / SF $192.65 / SF
Cap Rate 6.03%
Sale Type Investment
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 42,046 SF
Total Land Area 1.18 AC
  • Listing ID: 40698438

  • Date on Market: 5/28/2026

  • Last Updated:

  • Address: Sunrise Apartments, Las Vegas, NV

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