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522 N Lamb Blvd
Las Vegas, NV 89110
Saratoga Palms Apartments · Multifamily Property For Sale
·
56 Units
Investment Highlights
- Balanced Mix: A diverse mix of one-, two-, and three-bedroom floor plans supports demand across multiple household types.
- Evolving Corridor: Saratoga Palms is positioned near the planned Desert Pines Redevelopment within an evolving East Las Vegas corridor.
- Lifestyle Amenities: A pool, spa, fitness center, clubhouse, and outdoor gathering areas provide residents with a comprehensive amenity package.
- Strategic Access: Prominent frontage along North Lamb Boulevard near Bonanza Road provides convenient access to surrounding employment, retail, and da
Executive Summary
The Holden Group at Marcus & Millichap, as the exclusive listing group, is pleased to present Saratoga Palms, a 56-unit multi-family community located at 522 North Lamb Boulevard in East Las Vegas. The property features a balanced mix of one-, two-, and three-bedroom floor plans designed to serve a broad resident base. A cohesive community layout, comprehensive amenity package, and functional residential design contribute to the property’s strong competitive position within the multi-family market. The combination of diverse floor plans and professionally positioned community features supports durable tenant appeal and long-term operational stability.
Saratoga Palms offers a comprehensive collection of resident amenities that enhance its competitive positioning within the surrounding rental market. A swimming pool and relaxing spa are complemented by a fitness center, barbecue and picnic areas, on-site laundry, and covered parking. Residences feature spacious floor plans, granite-style countertops, modern flooring, walk-in closets, updated fixtures, and private patios or balconies. Together, the property’s community and in-unit features provide a cohesive resident experience while supporting efficient multi-family operations.
The property benefits from a strategic East Las Vegas location with convenient access to major employment centers, retail, services, and transportation corridors throughout the Las Vegas Valley. Saratoga Palms is also positioned near the planned Desert Pines Redevelopment, which is designed to introduce new housing, parks, retail, community spaces, and neighborhood-serving amenities to the surrounding area. Continued public and private investment throughout East Las Vegas reinforces the property’s positioning within an evolving residential corridor. Combining a comprehensive amenity package, diversified unit mix, established operations, and proximity to significant neighborhood investment, Saratoga Palms offers a compelling acquisition opportunity for multi-family investors seeking a professionally positioned Las Vegas asset.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Saratoga Palms offers a comprehensive collection of resident amenities that enhance its competitive positioning within the surrounding rental market. A swimming pool and relaxing spa are complemented by a fitness center, barbecue and picnic areas, on-site laundry, and covered parking. Residences feature spacious floor plans, granite-style countertops, modern flooring, walk-in closets, updated fixtures, and private patios or balconies. Together, the property’s community and in-unit features provide a cohesive resident experience while supporting efficient multi-family operations.
The property benefits from a strategic East Las Vegas location with convenient access to major employment centers, retail, services, and transportation corridors throughout the Las Vegas Valley. Saratoga Palms is also positioned near the planned Desert Pines Redevelopment, which is designed to introduce new housing, parks, retail, community spaces, and neighborhood-serving amenities to the surrounding area. Continued public and private investment throughout East Las Vegas reinforces the property’s positioning within an evolving residential corridor. Combining a comprehensive amenity package, diversified unit mix, established operations, and proximity to significant neighborhood investment, Saratoga Palms offers a compelling acquisition opportunity for multi-family investors seeking a professionally positioned Las Vegas asset.
*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 | $212,997 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.13 AC |
| Cap Rate | 6.16% | Building Size | 47,440 SF |
| Gross Rent Multiplier | 8.98 | Average Occupancy | 95% |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-PD21, Las Vegas - Residential Planned Development | ||
| Price Per Unit | $212,997 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| Gross Rent Multiplier | 8.98 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.13 AC |
| Building Size | 47,440 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R-PD21, Las Vegas - Residential Planned Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Patio
Site Amenities
- Laundry Facilities
- Picnic Area
- Pool
- Spa
- Grill
- Maintenance on site
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 588 |
| 2+2 | 32 | - | 856 |
| 3+2 | 16 | - | 975 |
Property Taxes
| Parcel Number | 140-32-103-001 | Improvements Assessment | $1,469,983 CAD |
| Land Assessment | $324,327 CAD | Total Assessment | $1,794,310 CAD |
Property Taxes
Parcel Number
140-32-103-001
Land Assessment
$324,327 CAD
Improvements Assessment
$1,469,983 CAD
Total Assessment
$1,794,310 CAD
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