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718 W Wilson Ave
Las Vegas, NV 89106
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- New wrought-iron perimeter fencing with secured coded gates
- Updated Plumbing & Maintenance upgrades
- Strong in-place income with upside potential through future appreciation
- New AC systems for all units
- Cleared and improved landscaping, including fencing of adjacent lot to enhance security and property appeal
- Fully occupied with long-term tenants paying rents ~30% above market
EXECUTIVE SUMMARY
Property Description
718 W Wilson consists of four well-appointed 1-bedroom, 1-bathroom units located in the Historic Westside of Las Vegas, a neighborhood on the rise, blending historic charm with modern revitalization. This rare, stabilized 4-unit multifamily asset located in a federally designated Opportunity Zone — offering investors immediate cash flow and potential long-term tax advantages. Each 1BR/1BA unit has been completely renovated within the past two years, featuring updated interiors, modern kitchens and baths, new flooring, and upgraded fixtures.
INVESTMENT HIGHLIGHTS
Fully occupied with long-term tenants paying rents ~30% above market
Turnkey condition – minimal deferred maintenance
Located in a Qualified Opportunity Zone, eligible for significant federal tax incentives
Strong in-place income with upside potential through future appreciation
Situated near Downtown Las Vegas, the Arts District, major employers, and public transit
Low vacancy risk and strong rental demand in a rapidly improving area
INVESTMENT SUMMARY
This is a high-performing, low-maintenance asset ideal for 1031 exchange buyers, portfolio investors, or opportunity fund acquisitions seeking immediate returns and long-term growth. With stable tenants, recent renovations, and prime positioning in a revitalizing Las Vegas corridor, 718 W Wilson Ave offers the perfect blend of yield and future upside.
Location Description
The Historic Westside is a neighborhood on the rise, blending historic charm with modern revitalization. With its proximity to the Strip’s entertainment, dining, and nightlife, plus the potential for future growth in an Opportunity Zone, this fourplex is a savvy investment or an ideal home base for those seeking the Las Vegas lifestyle. Whether you’re looking to generate steady rental income or live in one unit while renting the others, 718 W. Wilson Ave delivers value, comfort, and opportunity.
Highlights
New wrought-iron perimeter fencing with secured coded gates
Updated Plumbing & Maintenance upgrades
New AC systems for all units
Cleared and improved landscaping, including fencing of adjacent lot to enhance security and property appeal
Interior Renovations
Granite Counter Tops
New Vanity and Showers in Bathrooms
New Vinyl Flooring
Refrigerator and Stove Included
Professionally Managed
Above Average Rents
Program Tenants
Two Storage Units on Site
718 W Wilson consists of four well-appointed 1-bedroom, 1-bathroom units located in the Historic Westside of Las Vegas, a neighborhood on the rise, blending historic charm with modern revitalization. This rare, stabilized 4-unit multifamily asset located in a federally designated Opportunity Zone — offering investors immediate cash flow and potential long-term tax advantages. Each 1BR/1BA unit has been completely renovated within the past two years, featuring updated interiors, modern kitchens and baths, new flooring, and upgraded fixtures.
INVESTMENT HIGHLIGHTS
Fully occupied with long-term tenants paying rents ~30% above market
Turnkey condition – minimal deferred maintenance
Located in a Qualified Opportunity Zone, eligible for significant federal tax incentives
Strong in-place income with upside potential through future appreciation
Situated near Downtown Las Vegas, the Arts District, major employers, and public transit
Low vacancy risk and strong rental demand in a rapidly improving area
INVESTMENT SUMMARY
This is a high-performing, low-maintenance asset ideal for 1031 exchange buyers, portfolio investors, or opportunity fund acquisitions seeking immediate returns and long-term growth. With stable tenants, recent renovations, and prime positioning in a revitalizing Las Vegas corridor, 718 W Wilson Ave offers the perfect blend of yield and future upside.
Location Description
The Historic Westside is a neighborhood on the rise, blending historic charm with modern revitalization. With its proximity to the Strip’s entertainment, dining, and nightlife, plus the potential for future growth in an Opportunity Zone, this fourplex is a savvy investment or an ideal home base for those seeking the Las Vegas lifestyle. Whether you’re looking to generate steady rental income or live in one unit while renting the others, 718 W. Wilson Ave delivers value, comfort, and opportunity.
Highlights
New wrought-iron perimeter fencing with secured coded gates
Updated Plumbing & Maintenance upgrades
New AC systems for all units
Cleared and improved landscaping, including fencing of adjacent lot to enhance security and property appeal
Interior Renovations
Granite Counter Tops
New Vanity and Showers in Bathrooms
New Vinyl Flooring
Refrigerator and Stove Included
Professionally Managed
Above Average Rents
Program Tenants
Two Storage Units on Site
PROPERTY FACTS
| Price Per Unit | $207,329 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.54% | Building Size | 2,300 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | T4-N | ||
| Price Per Unit | $207,329 CAD |
| Sale Type | Investment |
| Cap Rate | 7.54% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,300 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | T4-N |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Dining Room
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fenced Lot
- Trash Pickup - Curbside
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 139-27-310-059 | Improvements Assessment | $32,253 CAD |
| Land Assessment | $54,289 CAD | Total Assessment | $86,543 CAD |
PROPERTY TAXES
Parcel Number
139-27-310-059
Land Assessment
$54,289 CAD
Improvements Assessment
$32,253 CAD
Total Assessment
$86,543 CAD
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