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24848304
25834884

3 Locations

CH
NV 0070366
Simply Vegas
JH
NV BS.146902
Simply Vegas
Listed by Simply Vegas
$1,920,000
324 days on market
Updated 72 days ago

Village At Washington Portfolio

Details
APN 140-23-111-042, 140-30-610-020, 140-30-610-024
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,964
Units 12
Cap Rate 7.61%
NOI $146,196
Occupancy 91.66%
Pro-Forma Cap Rate 8.52%
Pro-Forma NOI $163,596
Price per SqFt $193
Class C
Year Built 1983
Buildings 3
Stories 2
Lot Size (SqFt) 21,344
Zoning 32.140 - MF RES 3 TO 4 UNITS. FOURPLEX
Parking Spaces 12 spaces
Parking Per SqFt 1.20
Investment Type Stabilized
Ownership Investor

12 Units | East Las Vegas Fourplex Portfolio | Strong In-Place Cash Flow + Upside Potential

Marketing description

This rare East Las Vegas portfolio consists of three well-maintained fourplex

properties—2305 Exeter, 4244 Middlesex, and 917 Snug Harbor—each offering

either 2-bedroom/1-bath units or 2-bedroom/2-bath units with strong in-place tenancy. All properties

were built in 1983 and are occupied by long-term tenants, providing

immediate in-place cash flow with upside through strategic lease renewals. With

unit features such as fireplaces and large living areas, these assets are tailored for

tenant retention. Located in a high-demand rental corridor of East Las Vegas, the

portfolio presents an attractive opportunity for investors seeking stabilized income

and long-term appreciation. The properties may be acquired individually or as a

complete portfolio.

All three properties are located in the East Las Vegas submarket, a high-occupancy,

residential area known for its consistent tenant demand and accessibility. Tenants benefit

from close proximity to local shopping centers, schools, employment hubs, and major

roadways such as Nellis Blvd and Boulder Hwy. This submarket continues to outperform in

occupancy and rent stability, especially for well-sized two-bedroom units that meet the

needs of working families and long-term renters. The area’s economic resilience and

connectivity make it a highly attractive location for buy-and-hold investors seeking minimal

vacancy risk.

Investment highlights

  • Fully occupied portfolio of 3 fourplexes (12 total units) with long-term, stable tenants

  • Immediate value-add potential through lease renewals and rental rate optimization

  • Prime East Las Vegas location with strong rental demand and low vacancy

  • Offered individually or as a portfolio, providing acquisition flexibility

  • Situated in East Las Vegas, a strong-performing rental submarket

  • Close proximity to shopping centers, schools, and public transit

  • Easy access to major thoroughfares, including Nellis Blvd and Boulder Hwy

  • Established residential neighborhood with low vacancy trends

  • Strong demand for two-bedroom, one-bathroom units

  • Area supports long-term tenancy and rent growth potential

  • 2305 Exeter Dr features all 2-bedroom, 2-bath units

  • 4244 Middlesex Ave and 917 Snug Harbor St feature all 2-bedroom, 1-bath units

  • Spacious layouts and select units featuring fireplaces

Listing Contacts

CH
NV 0070366
Simply Vegas
JH
NV BS.146902
Simply Vegas
Listed by Simply Vegas

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,196.00
$12,183.00/mo

Valuation Metrics

0
DSCR
7.61%
Cap Rate
7.61%
ROI

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Additional Information

Name
Catherine Hyde
License
0070366
Name
Jeremy Hyde
License
BS.146902
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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