H-1 Zoned 4-Plex with
1153 Sierra Vista Drive Las Vegas, NV 89169
For Sale
$1,310,000
MULTI_FAMILY - Other - Las Vegas, NV
Property Size4,274 SF
Lot Size0.17 Acres
Price / SF$306.50
Days on Market8
Property Features for 1153 Sierra Vista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
162-15-511-009
Size
4,274 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2015
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
2
Number of units
4
Building materials
Block
Roof type
Tile
Architectural style
Other
Listing Agency:
Signature Real Estate Group
(702) 799-9598
Listed By:
Mark Anthony A. Posner · License #BS.0147064
(702) 343-9709
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 27 at 10:06AM
MLS# 2801616
Copyright © 2026 Las Vegas REALTORS®. 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.
This fully occupied 4-plex at 1153 Sierra Vista Drive offers updated, well-maintained units and a low-maintenance profile, including new HVAC/air conditioning units. Tenants participate in the Section 8 program. Residents have access to a shared swimming pool and a shared coin-operated laundry facility. The property is described as having no HOA.
Per the listing, the building is zoned H-1 (Limited Resort & Apartment) and is generating Net Operating Income (NOI) of $84,205, approximately a 6.4% cap rate based on the current list price.
The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1, and the neighboring H-1 zoned parcel is additionally available. The listing states the properties may be purchased individually or together, with redevelopment opportunities subject to applicable governmental approvals.
Per the listing, the building is zoned H-1 (Limited Resort & Apartment) and is generating Net Operating Income (NOI) of $84,205, approximately a 6.4% cap rate based on the current list price.
The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1, and the neighboring H-1 zoned parcel is additionally available. The listing states the properties may be purchased individually or together, with redevelopment opportunities subject to applicable governmental approvals.
Key Highlights
- Fully occupied 4‑plex at 1153 Sierra Vista Drive with all tenants participating in the Section 8 program
- Reported NOI of $84,205, approximately a 6.4% cap rate based on the current list price
- Updated with all new HVAC/air conditioning units to help minimize future capital expenditures
Financial Insights For Multifamily LT 5
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 | $74.4k | $17.40 |
| − Vacancy | −$4.1k | −$0.96 |
| EGI | $70.3k | $16.44 |
| − OpEx | −$21.1k | −$4.93 |
| NOI | $49.2k | $11.51 |
4,274 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$702.8K
$614.9K – $819.9K
NOI $49,194 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$649.4K
$568.3K – $757.7K
NOI $45,461 @ 7.0% cap · market cap 3.47%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,379 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied 4-plex in H-1 zoning with updated HVAC, shared swimming pool, and coin laundry, no HOA.
Where is this quadplex located?
The property is located at 1153 Sierra Vista Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: Fully occupied 4‑plex at 1153 Sierra Vista Drive with all tenants participating in the Section 8 program; Reported NOI of $84,205, approximately a 6.4% cap rate based on the current list price; Updated with all new HVAC/air conditioning units to help minimize future capital expenditures
