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34456127
34456114

343 North 10th Street, Las Vegas, NV 89101 For Sale

DH
NV S.0189703, CA 01962800
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas
$1,325,000
2 days on market
Updated 2 days ago
Opportunity zone

343 & 345 North 10th Street

Details
APN 139-35-112-007 & 139-35-112-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,398
Net Rentable (SqFt) 5,398
Units 9
Cap Rate 6.27%
NOI $83,037
Pro-Forma Cap Rate 6.64%
Pro-Forma NOI $87,998
Price per SqFt $245
Year Built 1945
Buildings 2
Stories 2
Acreage 0.340
Zoning T5 Neighborhood (T5-N)
Ownership Fee Simple

Boutique Downtown Living with Strategic Flexibility

Marketing description

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present 343 & 345 North 10th Street, a 9-unit multi-family community consisting of eight one-bedroom apartment units and one detached two-bedroom single-family residence in the heart of Downtown Las Vegas. The property features thoughtfully designed residences with contemporary interiors, in-unit laundry, modern kitchens, and a curated collection of resident amenities including a community garden, shaded lounge area, fire pit, and secured access. Located just blocks from Fremont Street, Downtown Container Park, Fergusons Downtown, and the Arts District, residents enjoy convenient access to some of Las Vegas’ premier dining, entertainment, employment, and cultural destinations, creating a highly desirable urban living environment.

Strategically positioned on two contiguous parcels, the property offers a unique ownership configuration that enhances both operational efficiency and long-term flexibility. A dedicated parcel featuring resident amenities and parking complements the residential improvements while creating a distinctive layout rarely found among comparable Downtown multi-family investments. The property also benefits from excellent connectivity to Interstate 15, U.S. 95, Downtown Las Vegas, the Las Vegas Medical District, Symphony Park, and major employment centers throughout the Las Vegas Valley. This combination of accessibility, neighborhood amenities, and functional site design supports long-term tenant demand and stable occupancy.

343 & 345 North 10th Street represents a compelling opportunity to acquire a boutique multi-family asset in one of Southern Nevada’s most active urban revitalization corridors. Continued investment throughout Downtown Las Vegas, combined with limited opportunities to acquire well-established small multi-family communities in the area, reinforces the property’s long-term competitive positioning. Combining contemporary interiors, desirable community amenities, a unique configuration, and a premier Downtown Las Vegas location, the property is well positioned to deliver durable cash flow, operational efficiency, and long-term benefits.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*

Investment highlights

  • Boutique Community: The offering combines eight apartment units with a separate two-story single-family residence, creating a distinctive investment opportunity. The adjacent amenity and parking parcel enhances functionality and long-term flexibility.

  • Modern Living: Contemporary interior finishes create an attractive living environment that appeals to today’s renters. Modern design elements support competitive leasing while minimizing near-term capital improvement requirements.

  • Downtown Access: The community offers convenient access to the major employment, dining, and entertainment destinations located in Downtown Las Vegas. Its central location continues to benefit from ongoing investment throughout Downtown Las Vegas.

  • Strategic Flexibility: Two contiguous parcels provide a unique ownership configuration with enhanced long-term operational flexibility. The separate amenities parcel provides additional optionality for future ownership strategies.

Listing Contacts

DH
NV S.0189703, CA 01962800
Marcus & Millichap - Las Vegas
Listed by Marcus & Millichap - Las Vegas

Valuation Calculator

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,037.00
$6,919.75/mo

Valuation Metrics

0
DSCR
6.27%
Cap Rate
6.27%
ROI

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Additional Information

Name
Drew Holden
License
S.0189703
Brokerage
Marcus & Millichap
Brokerage Phone
7022157118
Title
Managing Director Investments
Brokerage Address
9205 West Russell Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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