$570,000
376 N 15th St.
Details
APN 13935212070
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,835
Net Rentable (SqFt) 2,835
Units 4
Cap Rate 5.63%
NOI $32,119
Occupancy 75%
Pro-Forma Cap Rate 5.85%
Pro-Forma NOI $33,330
Price per SqFt $201
Class C
Year Built 1982
Buildings 1
Stories 2
Acreage 0.150
Zoning R-3
Investment Type Value Add
Occupancy Date 04/20/2026
Downtown Las Vegas 4-unit Apartment Building
Marketing description
Multifamily property built in 1982 featuring three 2-bedroom, 1-bathroom units and one non-conforming studio unit.
Located in Downtown Las Vegas with close proximity to major employment hubs, retail, and public transportation. Strong rental location with consistent demand.
Great opportunity for investors seeking a value-add asset with upside potential.
Investment highlights
- Three 2-bedroom, 1-bath units plus one non-conforming studio unit.
- Built in 1982, providing value-add potential for rental increases.
- Well-located in downtown Las Vegas with strong rental demand.
- Close proximity to major employment centers, retail, and public transit.
- Consistent occupancy and cash flow, ideal for investors.
- Opportunity to optimize rental income through upgrades or lease adjustments.
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,119.00
$2,676.58/mo
Valuation Metrics
0
DSCR
5.63%
Cap Rate
5.63%
ROI
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