1921 Stewart Ave - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$1,150,000 USD
949-230-8342
1921 Stewart Ave, Las Vegas, NV for Sale
$1,150,000 USD
Apartments - FOR SALE
1/16
null | 6.06% Cap Rate

1921 Stewart Ave
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • 7 Multi-Family Units with 1 & 2 Bedroom Floor Plans
  • Upgraded Security System & Secured Parking
  • Major System Renovations Completed in 2024
  • Centrally Located with Access to Major Freeways, Including Interstates 11 & 15
  • Prime Downtown Las Vegas Location

OVERVIEW

The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present 1921 Stewart Avenue, a seven-unit multifamily investment property in Downtown Las Vegas, NV. Situated on a 0.28-acre lot, the property offers a desirable mix of one- and two-bedroom floor plans, catering to tenants seeking well-maintained, quality housing in a growing submarket. This investment property features modernized interiors, including white walls with white trim, brown vinyl plank flooring, one-panel black cabinets with granite countertops, and stainless steel appliances. Major system renovations, including roofing, sewer, and plumbing, were completed in 2024. Community amenities include an upgraded security system, on-site laundry, garage parking, mature landscaping, and gated access. Located in the heart of Downtown Las Vegas, 1921 Stewart Avenue offers convenient access to major employment centers, shopping, dining, and entertainment. Proximity to Interstates 11 and 15 ensures seamless connectivity to the Las Vegas Strip and surrounding areas. Additionally, the property is positioned to benefit from the $100 million Stewart Avenue Complete Street Project, a redevelopment initiative focused on enhancing infrastructure and accessibility in the area. With its prime location and newly renovated units, this property presents an attractive opportunity for tenants seeking a modern, convenient living space in Downtown Las Vegas. Investors looking for a turn-key, low-maintenance asset will find 1921 Stewart Avenue highly desirable due to its recent upgrades and strong rental demand. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

6.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R4, Las Vegas

APN/PARCEL ID

139-35-611-091

ASK ABOUT THIS PROPERTY

Drew HoldenMarcus & MillichapMore Info
949-230-8342

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Drew HoldenMarcus & MillichapMore Info
949-230-8342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.