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Carson View Suites 200 S 8th St 83 Unit Apartment Building $9,538,215 CAD ($114,918 CAD/Unit) Las Vegas, NV 89101
Executive Summary
PROPERTY OVERVIEW
Carson View Suites is a well-positioned, value-add multifamily asset in the heart of Downtown Las Vegas,
directly across f rom Container Park on Fremont Street. Originally built in 1963 as an 86-room motel, the
property now operates as an 83-unit apartment building offering a mix of junior studios, studios, and
one-bedroom units. The property sits on 0.35 acres with approximately 18,894 rentable square feet (average
unit size ~228 sqft). The building boasts a three-story wood-frame construction with exterior corridor
access, stucco siding and a flat roof. Priced at $6,900,000 ($83,113 per unit), the asset currently achieves an
average rent of $891 per month.
LOCATION OVERVIEW
Ideally located in the vibrant downtown rental market, Carson View Suites provides unparalleled access
to the Fremont Street Experience, entertainment venues, and essential neighborhood amenities—making
it an attractive option for tenants seeking downtown district connectivity and convenience. This location
ranks among the most premier apartment sites in Downtown Las Vegas’s urban core.
THE OPPORTUNITY
Carson View Suites’ strategic location and stable operations create an exceptional value-add opportunity.
Investors with operational expertise in nearby remodeled studios have proven to achieve premium rental
revenue. Converting units to include full-size kitchens and modernized interiors represents a primary path
to realize highest and best use. Alternatively, the asset can continue to produce market-rate cash flow
and has demonstrated strong resilience—remaining fully occupied with minimal delinquencies during the
COVID-19 downturn and maintaining high occupancy over the past six years.
Carson View Suites is a well-positioned, value-add multifamily asset in the heart of Downtown Las Vegas,
directly across f rom Container Park on Fremont Street. Originally built in 1963 as an 86-room motel, the
property now operates as an 83-unit apartment building offering a mix of junior studios, studios, and
one-bedroom units. The property sits on 0.35 acres with approximately 18,894 rentable square feet (average
unit size ~228 sqft). The building boasts a three-story wood-frame construction with exterior corridor
access, stucco siding and a flat roof. Priced at $6,900,000 ($83,113 per unit), the asset currently achieves an
average rent of $891 per month.
LOCATION OVERVIEW
Ideally located in the vibrant downtown rental market, Carson View Suites provides unparalleled access
to the Fremont Street Experience, entertainment venues, and essential neighborhood amenities—making
it an attractive option for tenants seeking downtown district connectivity and convenience. This location
ranks among the most premier apartment sites in Downtown Las Vegas’s urban core.
THE OPPORTUNITY
Carson View Suites’ strategic location and stable operations create an exceptional value-add opportunity.
Investors with operational expertise in nearby remodeled studios have proven to achieve premium rental
revenue. Converting units to include full-size kitchens and modernized interiors represents a primary path
to realize highest and best use. Alternatively, the asset can continue to produce market-rate cash flow
and has demonstrated strong resilience—remaining fully occupied with minimal delinquencies during the
COVID-19 downturn and maintaining high occupancy over the past six years.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,538,215 CAD | Building Class | C |
| Price Per Unit | $114,918 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 18,894 SF |
| No. Units | 83 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C2 | ||
| Price | $9,538,215 CAD |
| Price Per Unit | $114,918 CAD |
| Sale Type | Investment |
| No. Units | 83 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 18,894 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | C2 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 73 | $1,123 CAD | 200 - 252 |
| 1+1 | 10 | $1,312 CAD | 395 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 139-34-612-025 | Total Assessment | $931,357 CAD |
| Land Assessment | $505,111 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $426,246 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
139-34-612-025
Land Assessment
$505,111 CAD
Improvements Assessment
$426,246 CAD
Total Assessment
$931,357 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Videos
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Photos
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Carson View Suites | 200 S 8th St
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