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1812 Lewis Ave 4 Unit Apartment Building $969,793 CAD ($242,448 CAD/Unit) 7.66% Cap Rate Las Vegas, NV 89101
INVESTMENT HIGHLIGHTS
- Downtown Las Vegas - near Freemont Street Experience
- Beautifully remodeled 4-Plex
- Excellent to owner occupy one of the stunningly remodeled units
- Walking distance to businesses, shops & restaurants
- Stable investment property at a 7.66% cap rate
EXECUTIVE SUMMARY
Discover this exquisitely renovated 4-plex nestled in the vibrant heart of downtown Las Vegas! Boasting a total of +/-2,694 SF, this gem features three 1-bed and 1-bath units, alongside a spacious 2-bed and 1-bath unit, all situated on a generous 6,970 SF lot. Adorned with lush landscaping, private fencing, and a commodious BBQ area, this charming 4-plex promises an inviting ambiance. With a stellar 7.66% CAP rate based on current rents, this property offers lucrative cash flow potential. Positioned within walking distance of bustling businesses, trendy shops, and delectable eateries, as well as a short drive to the iconic Freemont Street Experience and the renowned Las Vegas Strip, this exceptional 4-plex presents an enticing investment opportunity, ideal for an owner looking to reside in one of the beautifully remodeled units.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $969,793 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $242,448 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.66% | Building Size | 2,694 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 95% |
| Gross Rent Multiplier | 10 | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1964/2020 |
| Property Type | Multifamily | Parking Ratio | 1.48/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, Las Vegas - R-4 | ||
| Price | $969,793 CAD |
| Price Per Unit | $242,448 CAD |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,694 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 1.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Las Vegas - R-4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 |
| 2+1 | 1 | - | 800 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 139-35-814-004 | Improvements Assessment | $33,868 CAD |
| Land Assessment | $65,069 CAD | Total Assessment | $98,937 CAD |
PROPERTY TAXES
Parcel Number
139-35-814-004
Land Assessment
$65,069 CAD
Improvements Assessment
$33,868 CAD
Total Assessment
$98,937 CAD
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1812 Lewis Ave
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