Log In/Sign Up
Your email has been sent.
Tropicana Valley Apartments 5286 E Tropicana Ave 48 Unit Apartment Building $9,597,969 CAD ($199,958 CAD/Unit) 6.22% Cap Rate Las Vegas, NV 89122
Executive Summary
PROPERTY OVERVI EW
Tropicana Valley Apartments presents a value-added investment opportunity consisting of four single-story buildings comprising 48 two-bedroom, one-bathroom apartment homes averaging 830 square feet. The community offers a distinctive combination of affordability, comfort, and convenience within a tranquil suburban
environment. In addition to the aforementioned amenities, one of the most appealing features for tenants are the spacious, private gated patios that extend the entire width of the living room from the bedroom, providing direct access to the unit. This creates an indoor/outdoor ambiance reminiscent of the vintage Las Vegas lifestyle.
Residents also highlight the spacious layouts, pet-friendly community, and proximity to swimming pools. Apartment and community amenities include recently renovated units, spacious bedrooms, fully equipped kitchens with all appliances, expansive living rooms, ample parking, communal BBQs and picnic tables.
The Community sits on 3.26 acres located on the east side of Las Vegas within minutes of major employment opportunities, fantastic outdoor adventures, terrific shopping, amazing restaurants, and a quiet family-friendly atmosphere. This location provides residents with easy access to the I-95 Freeway and Boulder Highway which is a major arterial way used to access several sectors of the city within minutes.
HIGHLIGHTS
• Large 2 Bedroom Units
• Massive Privately Gated Patios for All Units
• On-Site Management and Leasing Office
• Two On-Site Laundry Facilities
• Two Sparkling Swimming Pools
• Picnic Area with BBQ’s
• New Roofs in 2021
• Central Air Conditioning and Heating
• Eco Friendly Windows Throughout All Units
• Tenants Storage Units Available
• Resurfaced Parking Lot
• Lush Well-Maintained Landscaping
NEW RECENT 2025 INTERIOR RENOVATIONS
• All New Flooring
• Eco Friendly Windows
• Fresh Interior Paint
• Kitchen Appliances
• Kitchen Counter Tops
• Kitchen Cabinets
• Kitchen Sinks and Water Faucets
• Bathroom Vanities, Showers and Tubs
• Lighting Fixtures Throughout Unit
• Hot Water Heaters
Tropicana Valley Apartments presents a value-added investment opportunity consisting of four single-story buildings comprising 48 two-bedroom, one-bathroom apartment homes averaging 830 square feet. The community offers a distinctive combination of affordability, comfort, and convenience within a tranquil suburban
environment. In addition to the aforementioned amenities, one of the most appealing features for tenants are the spacious, private gated patios that extend the entire width of the living room from the bedroom, providing direct access to the unit. This creates an indoor/outdoor ambiance reminiscent of the vintage Las Vegas lifestyle.
Residents also highlight the spacious layouts, pet-friendly community, and proximity to swimming pools. Apartment and community amenities include recently renovated units, spacious bedrooms, fully equipped kitchens with all appliances, expansive living rooms, ample parking, communal BBQs and picnic tables.
The Community sits on 3.26 acres located on the east side of Las Vegas within minutes of major employment opportunities, fantastic outdoor adventures, terrific shopping, amazing restaurants, and a quiet family-friendly atmosphere. This location provides residents with easy access to the I-95 Freeway and Boulder Highway which is a major arterial way used to access several sectors of the city within minutes.
HIGHLIGHTS
• Large 2 Bedroom Units
• Massive Privately Gated Patios for All Units
• On-Site Management and Leasing Office
• Two On-Site Laundry Facilities
• Two Sparkling Swimming Pools
• Picnic Area with BBQ’s
• New Roofs in 2021
• Central Air Conditioning and Heating
• Eco Friendly Windows Throughout All Units
• Tenants Storage Units Available
• Resurfaced Parking Lot
• Lush Well-Maintained Landscaping
NEW RECENT 2025 INTERIOR RENOVATIONS
• All New Flooring
• Eco Friendly Windows
• Fresh Interior Paint
• Kitchen Appliances
• Kitchen Counter Tops
• Kitchen Cabinets
• Kitchen Sinks and Water Faucets
• Bathroom Vanities, Showers and Tubs
• Lighting Fixtures Throughout Unit
• Hot Water Heaters
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 | $9,597,969 CAD | Apartment Style | Townhome |
| Price Per Unit | $199,958 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.26 AC |
| Cap Rate | 6.22% | Building Size | 39,860 SF |
| No. Units | 48 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2025 |
| Zoning | R-4 | ||
| Price | $9,597,969 CAD |
| Price Per Unit | $199,958 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 3.26 AC |
| Building Size | 39,860 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2025 |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 47 | $1,716 CAD | 830 |
| 2+2 | 1 | $1,785 CAD | 850 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,318,061 CAD | |
| Land Assessment | $738,179 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $579,882 CAD | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$738,179 CAD
Improvements Assessment
$579,882 CAD
Total Assessment
$1,318,061 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026 Payable 2026
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Tropicana Valley Apartments | 5286 E Tropicana Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.