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230 S Maryland Pkwy
Las Vegas, NV 89101
The Dwellings · Multifamily Property For Sale
·
36 Units


Investment Highlights
- Downtown Las Vegas Connectivity: The Dwellings benefits from a central Downtown Las Vegas location near major employment, entertainment, and cultural
- Strong Rental Upside: Current rents remain below surrounding renovated comparable properties within the Downtown Las Vegas corridor.
- Renovated Unit Interiors: The property features upgraded one-bedroom floor plans with modern finishes designed to appeal to today’s renters.
- Regional Infrastructure Access: The Dwellings stands to benefit from the Maryland Parkway Bus Rapid Transit project connecting Downtown Las Vegas, the
Executive Summary
The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present The Dwellings, a 36-unit multifamily community centrally located within the Downtown Las Vegas corridor. The community consists entirely of one-bedroom floor plans designed to provide efficient and functional living spaces for residents. Renovated unit interiors and upgraded exterior improvements create an attractive residential environment within one of Las Vegas’ most active urban neighborhoods. The Dwellings benefits from immediate access to Downtown employment centers, entertainment destinations, dining venues, and cultural attractions throughout the urban core. Continued revitalization throughout the surrounding area has further strengthened Downtown Las Vegas as a growing residential and lifestyle destination.
The Dwellings benefits from convenient access to Interstate 11, Interstate 15, and major employment corridors throughout the Las Vegas Valley. Residents are located near Fremont Street, the Arts District, Downtown Container Park, and several emerging entertainment and lifestyle destinations that continue to drive activity throughout the area. Ongoing redevelopment activity throughout Downtown Las Vegas continues to enhance neighborhood connectivity, walkability, and long-term area appeal. The Dwellings also stands to benefit from planned regional infrastructure improvements, including the Maryland Parkway Bus Rapid Transit project serving key destinations throughout the valley. These continued public and private investments are expected to further improve accessibility, pedestrian infrastructure, and overall neighborhood convenience for residents.
The Dwellings presents a well-positioned opportunity within a rapidly evolving submarket supported by continued public and private investment. Modernized interiors, strong regional accessibility, and proximity to Downtown amenities contribute to the community’s long-term residential appeal. The combination of stabilized operations and future rental growth potential positions The Dwellings for continued operational performance and tenant demand. Current rents remain competitive relative to surrounding renovated comparable properties, supporting additional long-term upside potential through continued operational optimization. As Downtown Las Vegas continues to expand as a residential, employment, and entertainment hub, The Dwellings remains well positioned to benefit from the area’s ongoing growth and redevelopment momentum.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
The Dwellings benefits from convenient access to Interstate 11, Interstate 15, and major employment corridors throughout the Las Vegas Valley. Residents are located near Fremont Street, the Arts District, Downtown Container Park, and several emerging entertainment and lifestyle destinations that continue to drive activity throughout the area. Ongoing redevelopment activity throughout Downtown Las Vegas continues to enhance neighborhood connectivity, walkability, and long-term area appeal. The Dwellings also stands to benefit from planned regional infrastructure improvements, including the Maryland Parkway Bus Rapid Transit project serving key destinations throughout the valley. These continued public and private investments are expected to further improve accessibility, pedestrian infrastructure, and overall neighborhood convenience for residents.
The Dwellings presents a well-positioned opportunity within a rapidly evolving submarket supported by continued public and private investment. Modernized interiors, strong regional accessibility, and proximity to Downtown amenities contribute to the community’s long-term residential appeal. The combination of stabilized operations and future rental growth potential positions The Dwellings for continued operational performance and tenant demand. Current rents remain competitive relative to surrounding renovated comparable properties, supporting additional long-term upside potential through continued operational optimization. As Downtown Las Vegas continues to expand as a residential, employment, and entertainment hub, The Dwellings remains well positioned to benefit from the area’s ongoing growth and redevelopment momentum.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Property Facts
| Price Per Unit | $159,758 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.21% | Building Size | 18,720 SF |
| Gross Rent Multiplier | 10.74 | Average Occupancy | 95% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R5 - Multi-Family High Density Residential | ||
| Price Per Unit | $159,758 CAD |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 10.74 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 18,720 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2021 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 - Multi-Family High Density Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Public Transportation
- Key Fob Entry
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 507 |
Property Taxes
| Parcel Number | 139-34-712-114 | Improvements Assessment | $414,132 CAD |
| Land Assessment | $245,055 CAD | Total Assessment | $659,187 CAD |
Property Taxes
Parcel Number
139-34-712-114
Land Assessment
$245,055 CAD
Improvements Assessment
$414,132 CAD
Total Assessment
$659,187 CAD
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