Share This Listing

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

304 Apartments 304 S Maryland Pky 12 Unit Apartment Building $3,112,626 CAD ($259,386 CAD/Unit) 5.46% Cap Rate Las Vegas, NV 89101

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • This 12-unit multifamily property in the heart of downtown Las Vegas will be delivered fully leased, ready to generate immediate cash flow.
  • Designed with efficiency studios, this property meets the growing demand of renters looking for sleek, affordable, and convenient living space.
  • This gated property is positioned within a vibrant and walkable neighborhood at the heart of Downtown Las Vegas.
  • The apartments are brand new and ADA-compliant, featuring the latest in modern design, top-of-the-line materials, and cutting-edge appliances.
  • Positioned in downtown Las Vegas, the 304 Apartments are placed close to world-class entertainment, job hubs, and the vibrant arts district.

EXECUTIVE SUMMARY

The 304 Apartments offers not just an investment; it's the ticket to hassle-free, high-performing real estate in one of the most coveted locations in the country. This brand-new, 12-unit multifamily property in the heart of downtown Las Vegas will be delivered fully leased, ready to generate immediate cash flow, and provides a low-maintenance, hands-off investment experience.

With 100% of the units scheduled to be leased prior to closing, this property guarantees a steady income stream from day one. With no downtime and no vacancies, this rare investment offers immediate returns and sets investors up for success from the get-go.

The 304 Apartments are brand new, and with that comes the ultimate peace of mind, ensuring zero potential maintenance headaches and no major repairs needed for years to come. Featuring the latest in modern design, top-of-the-line materials, and cutting-edge appliances, this property is built to last. As a result, investors can sit back, relax, and enjoy the returns without worrying about constant upkeep. The value of owning a brand-new building is immeasurable; it's as close to passive income as you can get.

Designed with efficiency studios, this property meets the demands of renters looking for sleek, affordable, and convenient living space in one of the most dynamic areas in Las Vegas. These units are optimized for maximum rental income with minimal operational costs. This high-demand rental format ensures the units are always attracting renters eager to call this downtown gem home.

Positioned in downtown Las Vegas, the 304 Apartments are at the pulse of all the action—close to world-class entertainment, job hubs, and the vibrant arts district. As downtown continues to experience a renaissance of growth and development, the potential for long-term value appreciation is significant. This property is ideally situated to capitalize on that growth and continues to attract a growing pool of renters eager to live in the heart of it all.

If you're looking for a property that will generate consistent, low-maintenance cash flow for years to come, this 12-unit building is the perfect fit. Whether you're a seasoned investor seeking to diversify or a first-time buyer wanting a stable, no-fuss asset, this property offers long-term security with little to no effort on your part. With fully leased units and minimal upkeep for the foreseeable future, this is an investment that works for you, not the other way around.

Investors seeking a property that will generate consistent, low-maintenance cash flow for years to come, this 12 unit building is the perfect fit. Both seasoned investors seeking to diversify or first-time buyers wanting a stable, low maintenance asset will benefit from this exceptional acquisition. The property provides long-term security with little to no effort required from a new owner.

Opportunities like this are rare, and ones that come fully leased and require zero maintenance are even rarer. This is the chance to own a turnkey asset in one of the hottest real estate markets in the country—downtown Las Vegas. Don't wait for someone else to grab this incredible investment. Contact Paul today to schedule a viewing and discuss ownership of this stress-free, cash-flowing asset - This property is priced to sell and will be gone soon. Don't miss out on this low-maintenance, high-return, stress-free investment in the heart of Las Vegas.

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

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 -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $3,112,626 CAD
Price Per Unit $259,386 CAD
Sale Type Investment
Cap Rate 5.46%
Sale Condition 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.16 AC
Building Size 8,200 SF
No. Stories 2
Year Built 2025
Opportunity Zone Yes
Zoning R4

AMENITIES

SITE AMENITIES

  • Fenced Lot
  • Furnished Units Available
  • Wheelchair Accessible

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 12 $1,522 CAD 350
Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
139-34-712-133
Land Assessment
$105,967 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$105,967 CAD (2025)
  • Listing ID: 35394214

  • Date on Market: 2025-04-07

  • Last Updated:

  • Address: 304 S Maryland Pky, Las Vegas, NV 89101

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}