3,892 SqFt
6,969 Lot Size
1984 Year Built

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.

Listed by Simply Vegas , Sold By Simply Vegas

GALLERY

PROPERTY DETAIL

Key Details

Sold Price $795,0000.6%
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3, 892 sqft
Price per Sqft $204
Subdivision Sierra Oeste
MLS Listing ID 2692240
Sold Date 08/11/25
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
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.
Building

Story 2
Sewer Public Sewer
Water Public
Construction Status Resale,Very Good Condition

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
Schools

Elementary Schools ,
Others

Tax ID 138-23-710-005
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional