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NDR Real Estate

New Door Residential

jgalindo@newdoornv.com +1(702) 659-9005

$799,999

Est. payment - /mo

3,892 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,892 sqft

Price per Sqft $205

Subdivision Sierra Oeste

MLS Listing ID 2692240

Style Fourplex

Construction Status Resale,Very Good Condition

HOA Y/N No

Year Built 1984

Annual Tax Amount $2,797

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Multi Family

Property Description

Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas's most stable rental corridors.

Location

State NV

County Clark

Direction LAKE MEAD & RAINBOW, Take US-95 N to W Lake Mead Blvd in Las Vegas. Follow W Lake Mead Blvd to Lirio Way.

Interior

Interior Features Storage

Heating Central, Gas

Cooling Central Air

Flooring Tile

Furnishings Unfurnished

Fireplace No

Appliance Oven, Range, Refrigerator

Laundry Laundry Room

Exterior

Amenities Available None

Water Access Desc Public

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public

Construction Status Resale,Very Good Condition

Schools

Elementary Schools ,

Others

Tax ID 138-23-710-005

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://my.matterport.com/show/?m=HtLeAFCWjrA&mls=1

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Listed by Catherine Hyde • Simply Vegas

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New Door Residential

License ID: B. 0042565

+1(702) 659-9005

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1920 Lirio WAY Las Vegas, NV 89108