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319 S 10th St 6 Unit Apartment Building $2,112,735 CAD ($352,122 CAD/Unit) 5.44% Cap Rate Las Vegas, NV 89101

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Investment Highlights

Situated in the heart of Downtown Las Vegas
A functional unit mix appealing to a wide range of tenants

One of the city's most dynamic and rapidly evolving neighborhoods
Substantially renovated in 2024

Executive Summary

319 S 10th Street is a two-story multifamily property featuring six apartment units and one leased ? 1 bedroom annex. Built in 1951 and substantially renovated in 2024, the property is in excellent condition with modern interiors, updated systems, and quality finishes throughout. The building offers a functional unit mix appealing to a wide range of tenants, with on-site parking, individual HVAC units, and separately metered utilities to support efficient operations.
Ideally situated in the heart of Downtown Las Vegas, one of the city's most dynamic and rapidly evolving neighborhoods. The property benefits from excellent walkability, strong tenant demand, and close proximity to major employment centers, entertainment venues, and public transit options. With billions in public and private investment transforming the area, Downtown Las Vegas continues to attract residents, businesses, and visitors-driving long-term growth and increasing property values.

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$172,399	$21.30
Other Income	-	-
Vacancy Loss	$17,240	$2.13
Effective Gross Income	$155,159	$19.17
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$40,331	$4.98
Net Operating Income	$114,829	$14.19

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$172,399
Annual Per SF	$21.30

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	$17,240
Annual Per SF	$2.13

Effective Gross Income (CAD)
Annual	$155,159
Annual Per SF	$19.17

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$40,331
Annual Per SF	$4.98

Net Operating Income (CAD)
Annual	$114,829
Annual Per SF	$14.19

Property Facts

Price	$2,112,735 CAD	Building Class	C
Price Per Unit	$352,122 CAD	Lot Size	0.16 AC
Sale Type	Investment	Building Size	8,092 SF
Cap Rate	5.44%	Average Occupancy	0%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1951/2024
Property Subtype	Apartment	Parking Ratio	0.62/1,000 SF
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-4 - MFR 5+ Units Low Rise (1-3 Story). Multiple Bldg Styles (Duplex, SFR, 4-plex combinations)

Price	$2,112,735 CAD
Price Per Unit	$352,122 CAD
Sale Type	Investment
Cap Rate	5.44%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.16 AC
Building Size	8,092 SF
Average Occupancy	0%
No. Stories	2
Year Built/Renovated	1951/2024
Parking Ratio	0.62/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-4 - MFR 5+ Units Low Rise (1-3 Story). Multiple Bldg Styles (Duplex, SFR, 4-plex combinations)