Section 8-Participating
New
For Sale
$1,310,000
1153 Sierra Vista Dr, Las Vegas, NV 89169
Fully occupied quadplex in H-1 zoning with shared pool and coin-operated laundry, plus new HVAC and Section 8 tenant participation.
Days on Market5
Property Features for 1153 Sierra Vista Dr
General Information
Standard status
Active
Property subtype
Multi Family
Zoning
H-1
Occupancy
100%
Net Operating Income
$84,205
Additional Details
Cap Rate
6.4%
Amenities
shared swimming pool
shared coin-operated laundry facility
Building Details
Building Size
4,274 SF
Year Built
1963
Buildings
1
Tenancy
Multi
Listing Agency:
Signature Real Estate Group, LLC
(702) 343-9709
Listed By:
Mark Anthony A. Posner · License #BS.0147064
(702) 343-9709
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 9:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Real Estate Group, LLC
Investment Insights
Based on property information with market context.
A fully occupied quadplex with all tenants participating in the Section 8 program, offering immediate rental stability. The property is well maintained and has been updated with all new HVAC/air conditioning units to help minimize future capital expenditures. Residents have access to a shared swimming pool and a shared coin-operated laundry facility.
The building is in H-1 (Limited Resort & Apartment) zoning. With no HOA, operating costs can be managed without HOA-related expenses. The property has a stated net operating income (NOI) of $84,205 and a stated approximately 6.4% cap rate based on the current list price.
Year built is 1963. The bike score is 52 (Bikeable), walk score is 81 (Very Walkable), and transit score is 49 (Some Transit).
The building is in H-1 (Limited Resort & Apartment) zoning. With no HOA, operating costs can be managed without HOA-related expenses. The property has a stated net operating income (NOI) of $84,205 and a stated approximately 6.4% cap rate based on the current list price.
Year built is 1963. The bike score is 52 (Bikeable), walk score is 81 (Very Walkable), and transit score is 49 (Some Transit).
Key Highlights
- Fully occupied quadplex with all tenants participating in Section 8
- H‑1 (Limited Resort & Apartment) zoning with no HOA
- All new HVAC/air conditioning units
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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 89169, NV
25,938
Population
14,070
Households
1.8
Avg Household Size
36
Median Age
19%
College-Educated
79%
High-School Grad
3.4 sq mi
ZIP Area
7,629
Density / Sq Mi
$39,740
Median Household Income
$32,457
Median Earnings
$1,159
Median Rent
$299,900
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?
Quadplex - Fully occupied quadplex in H-1 zoning with shared pool and coin-operated laundry, plus new HVAC and Section 8 tenant participation.
Where is this quadplex located?
The property is located at 1153 Sierra Vista Dr 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 quadplex with all tenants participating in Section 8; H‑1 (Limited Resort & Apartment) zoning with no HOA; All new HVAC/air conditioning units
