Fully Occupied 4-Plex
1165 Sierra Vista Drive Las Vegas, NV 89169
For Sale
$1,310,000
MULTI_FAMILY - Other - Las Vegas, NV
Property Size4,002 SF
Lot Size0.16 Acres
Price / SF$327.34
Days on Market8
Property Features for 1165 Sierra Vista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Private Yard
Appliances
Oven, Range, Refrigerator
Standard status
Active
APN
162-15-511-010
Size
4,002 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1836
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
Flooring type
Tile
Building materials
Block
Roof type
Flat
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 11:06AM
MLS# 2801639
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 is offered for sale and appears well maintained, with updates noted to include new HVAC/air conditioning units. The property is designed for rental operations and includes resident access to a shared swimming pool and a shared coin-operated laundry facility.
The subject property is located at 1165 Sierra Vista Drive in Las Vegas, Nevada. The asset is described as zoned H-1 (Limited Resort & Apartment), and the public remarks also note that the adjacent 4-plex at 1153 Sierra Vista Drive is available for purchase and similarly zoned H-1.
According to the remarks, there is no HOA, which may help limit certain ongoing association expenses. The listings also indicate that the adjacent H-1 zoned parcel may be available as part of a combined acquisition, subject to applicable governmental approvals for any future redevelopment.
The subject property is located at 1165 Sierra Vista Drive in Las Vegas, Nevada. The asset is described as zoned H-1 (Limited Resort & Apartment), and the public remarks also note that the adjacent 4-plex at 1153 Sierra Vista Drive is available for purchase and similarly zoned H-1.
According to the remarks, there is no HOA, which may help limit certain ongoing association expenses. The listings also indicate that the adjacent H-1 zoned parcel may be available as part of a combined acquisition, subject to applicable governmental approvals for any future redevelopment.
Key Highlights
- Fully occupied 4‑plex at 1165 Sierra Vista Drive with tenants participating in the Section 8 program
- Reported NOI of $82,723 and approximately 6.3% capitalization rate based on the current list price
- H‑1 (Limited Resort & Apartment) zoning
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 | $69.6k | $17.40 |
| − Vacancy | −$3.8k | −$0.96 |
| EGI | $65.8k | $16.44 |
| − OpEx | −$19.7k | −$4.93 |
| NOI | $46.1k | $11.51 |
4,002 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.0K
$575.8K – $767.7K
NOI $46,063 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$608.1K
$532.1K – $709.5K
NOI $42,568 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,800 @ 7.0% cap · market cap 7.39%
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 - Updated, fully occupied 4-plex with shared pool and coin laundry, zoned H-1 and offered with no HOA.
Where is this quadplex located?
The property is located at 1165 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 1165 Sierra Vista Drive with tenants participating in the Section 8 program; Reported NOI of $82,723 and approximately 6.3% capitalization rate based on the current list price; H‑1 (Limited Resort & Apartment) zoning
