126 E First St N, Mesquite, NV 89027
MULTI_FAMILY - Mesquite, NV
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 126 E First St N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family, Residential
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 1
- Interior features
- Flooring- Laminate
- Appliances
- Dishwasher, Freezer, Garbage Disposal, Refrigerator, W/D Hookups, Washer & Dryer, Water Heater- Electric, Oven/Range, Oven/Range- Electric
- Standard status
- Active
- APN
- 00116603002
- Size
- 3,080 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2130
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump, Electric
Building Details
- Year built
- 1988
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Flat, Composition
- Architectural style
- Other
Listing agent E. Shaun Caldwell License #B.0143955.LLC (702) 701-3326
Listing office Prime Properties Mesquite 550 W Pioneer Blvd., #206, Mesquite, NV (702) 701-3326
Listing date Mar 19, 2026
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.
HighLights
- 1988‑built 4‑unit property; each unit is 2 BR / 1 BA and approx 770 SF
- 4 units recently updated with new paint, floor, counters, and appliances (some include washer/dryers) plus new storage units
- Reported rents of $1150/mo (counting owner expenses) with an approx 6.6% net cap rate as‑is
- As‑is income reported at $1000–$1200/mo, with similar units renting at $1200+/mo
- Power is individually metered to tenants; sewer/trash $125/mo, water $286/mo, and insurance $2600/yr
- Electric heating and heat pump heating, with central air cooling; flat and composition roof
Overview
The asset is located in Mesquite, Nevada, at 126 E First St N. Public remarks cite convenient access to parks, schools, College of Southern Nevada Mesquite Campus, the library, a community recreation center, shopping, and casinos.
For tenants and owner-operators, the layout offers a straightforward split between owner occupancy and rental income, since the property is described as small enough to self-manage. Public remarks also note power is individually metered to tenants, with operating expenses referenced as Sewer/Trash at $125 per month, Water at $286 per month, and Insurance at $2,600 per year. As provided in the remarks, current rents are described as $1,000–$1,200 per month, with an additional discussion of the property being offered as-is or with potential upgrades.
Local 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 | $61.0k | $19.80 |
| − Vacancy | −$3.2k | −$1.03 |
| EGI | $57.8k | $18.77 |
| − OpEx | −$17.3k | −$5.63 |
| NOI | $40.5k | $13.14 |
Alternative Uses
Current Use by Public Records
Map
- City
- Mesquite
- County
- Clark
- State
- Nevada
- Longitude
- -114.0656697
- Latitude
- 36.8050727
