New 12-Unit Apartment
For Sale
$2,500,000
Pending
100 E 1st S St, Mesquite, NV 89027
MULTI_FAMILY - Mesquite, NV
Property Size10,800 SF
Lot Size0.73 Acres
Days on Market171
Property Features for 100 E 1st S St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
24
Bathrooms
12
Full bathrooms
12
Rooms
Bedroom 2, Bedroom 12, Bedroom 19, Bedroom 23, Bathroom 3, Bedroom 22, Bathroom 11, Bathroom 4, Bathroom 7, Bedroom 11, Bedroom 4, Bedroom 21, Bathroom 1, Bathroom 2, Bathroom 8, Bathroom 9, Bedroom 18, Bedroom 24, Bathroom 10, Bedroom 15, Bedroom 20, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 16, Bedroom 9, Bedroom 10, Bathroom 5, Bedroom 17, Bathroom 12, Bedroom 14, Bedroom 7, Bedroom 8, Bedroom 13, Bathroom 6, Bedroom 5
Interior features
Ceiling Fans, Flooring- Carpet, Flooring- Laminate, Wheelchair Accessible, Vaulted Ceilings
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Freezer, Garbage Disposal, Microwave, Refrigerator, W/D Hookups, Washer & Dryer, Water Heater- Electric, Oven/Range, Oven/Range- Electric
Subdivision
None (No Subdivision)
Lot features
Corner Lot, Cul-de-sac, Landscape- Full, Sidewalks, Sprinklers- Drip System, View of City, View of Mountains
Elementary school
Virgin Valley
Middle school
Charles A. Hughes
High school
Virgin Valley
Standard status
Pending
APN
00116702001
Size
10,800 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Annual Amount
14126
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Central, Forced Air, Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric
Building Details
Year built
2024
Floors in Building
2
Number of units
12
Roof type
Tile
Architectural style
Other
Listing Agency:
Prime Properties Mesquite
(702) 701-3326
Listed By:
E. Shaun Caldwell · License #B.0143955.LLC
(702) 701-3326
Added: Feb 15
Changed: Aug 3
Last Checked: Aug 5 at 5:06AM
MLS# 1127401
Copyright © 2026 Mesquite Real Estate Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
New apartment building offering 12 units built in 2024. Each unit is a two-bedroom, one-bath layout with 900 SF, and features include ceiling fans, carpet and laminate flooring, vaulted ceilings, and wheelchair accessibility with an accessible approach ramp. Heating is forced air with central electric and heat pump systems, and cooling is electric/heat pump with central air. The building is roofed with tile and each unit includes in-unit appliances such as a dishwasher, microwave, refrigerator, garbage disposal, and washer and dryer hookups.
Set on a 0.73-acre lot, the property is located behind the Mesquite City offices near the city center, with the units described as having mountain views to the south. Ample parking is noted, and the property is off the main streets for a quieter location.
Operationally, the property is reported as fully occupied with a 1.7% vacancy factor in 2025. A 4.9% net net cap rate is cited based on the stated assumptions at list price, with room noted for rent growth over time.
Set on a 0.73-acre lot, the property is located behind the Mesquite City offices near the city center, with the units described as having mountain views to the south. Ample parking is noted, and the property is off the main streets for a quieter location.
Operationally, the property is reported as fully occupied with a 1.7% vacancy factor in 2025. A 4.9% net net cap rate is cited based on the stated assumptions at list price, with room noted for rent growth over time.
Key Highlights
- 12 units, each a two‑bedroom, one‑bath layout at 900 SF
- New construction completed in 2024 with wheelchair‑accessible ramp approach
- 0.73‑acre lot with ample parking and described mountain views to the south
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $243.6k | $22.56 |
| − Vacancy | −$12.2k | −$1.13 |
| EGI | $231.5k | $21.43 |
| − OpEx | −$104.2k | −$9.64 |
| NOI | $127.3k | $11.79 |
10,800 SF · lease $22.56/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,306 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,187 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 89027, NV
17,547
Population
9,972
Households
1.8
Avg Household Size
59
Median Age
22%
College-Educated
89%
High-School Grad
12.5 sq mi
ZIP Area
1,404
Density / Sq Mi
$71,176
Median Household Income
$35,938
Median Earnings
$1,106
Median Rent
$343,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Zoned multi-family with 12 new two-bedroom, one-bath units, fully occupied with ample parking and central HVAC.
Where is this apartment building located?
The property is located at 100 E 1st S St Mesquite, NV.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12 units, each a two‑bedroom, one‑bath layout at 900 SF; New construction completed in 2024 with wheelchair‑accessible ramp approach; 0.73‑acre lot with ample parking and described mountain views to the south
