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34456622
34456608

2100 Stewart Avenue, Las Vegas, NV 89101 For Sale

DH
NV S.0189703, CA 01962800
Marcus & Millichap - Las Vegas
TH
NV 202910
Listed by Marcus & Millichap - Las Vegas
$695,000
2 days on market
Updated 2 days ago
Opportunity zone

2100 Stewart Ave

Details
APN 139-35-713-001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,005
Units 6
Cap Rate 6.64%
NOI $46,118
Pro-Forma Cap Rate 7.24%
Pro-Forma NOI $50,305
Price per SqFt $174
Year Built 1940
Buildings 2
Stories 2
Acreage 0.200
Zoning Medium Density Residential (R-3)
Ownership Fee Simple

Connected Living Near Downtown Las Vegas

Marketing description

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present 2100 Stewart Avenue, a six-unit multi-family community located within an established residential neighborhood just east of Downtown Las Vegas. The property features a desirable mix of one- and two-bedroom floor plans with contemporary interiors, modern kitchens, and functional layouts designed to appeal to a broad tenant base. Residents also benefit from private patios in select units, a fenced courtyard, ample surface parking, and professionally designed low-maintenance landscaping that enhance the overall living experience. Located near Downtown Las Vegas and the planned Desert Pines redevelopment, the property is well positioned within an area experiencing continued public and private investment.

The property’s efficient site layout provides an attractive balance of resident amenities and operational simplicity, making it well suited for long-term ownership. Convenient access to Interstate 15, U.S. 95, and major employment centers throughout the Las Vegas Valley allows residents to easily reach many of the region’s largest business, retail, and entertainment destinations. The surrounding neighborhood continues to benefit from infrastructure improvements and community investment that reinforce its appeal as an established residential location. This combination of accessibility, neighborhood amenities, and strategic location supports long-term tenant demand and stable occupancy.

2100 Stewart Avenue represents a compelling opportunity to acquire a multi-family asset within one of Southern Nevada’s evolving urban corridors. Its proximity to Downtown Las Vegas and the planned Desert Pines redevelopment positions the property to benefit from continued neighborhood investment and improving connectivity. Contemporary interiors, a balanced unit mix, desirable outdoor amenities, and an accessible location create a living environment that appeals to today’s renters. Together, these attributes position 2100 Stewart Avenue as an attractive investment offering with durable cash flow, operational efficiency, and long-term ownership potential.

*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

  • Modern Interiors: Contemporary interiors feature stylish kitchens, updated bathrooms, modern appliances, and durable ceramic tile flooring. Clean finishes and functional layouts create an attractive living environment that appeals to today’s renters.

  • Balanced Mix: A mix of one- and two-bedroom floor plans attracts a broad range of residents and supports leasing flexibility. Functional layouts appeal to both individuals and small households, contributing to consistent occupancy.

  • Growth Corridor: Located minutes from Downtown Las Vegas, the property is positioned within a rapidly evolving urban corridor. Continued investment supports long-term neighborhood growth and demand.

  • Neighborhood Convenience: Residents benefit from convenient access to shopping, schools, parks, recreation, and everyday services. The central location enhances daily convenience while supporting long-term resident appeal.

Listing Contacts

DH
NV S.0189703, CA 01962800
Marcus & Millichap - Las Vegas
TH
NV 202910
Listed by Marcus & Millichap - Las Vegas

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,118.00
$3,843.17/mo

Valuation Metrics

0
DSCR
6.64%
Cap Rate
6.64%
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
Name
Ty Hill
License
202910
Brokerage
Marcus & Millichap
Brokerage Phone
702-215-7101
Title
Real Estate Broker
Brokerage Address
9205 West Russell Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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