H-1 Zoned
For Sale
$1,310,000
1153 Sierra Vista Drive, Las Vegas, NV 89169
MULTI_FAMILY - Other - Las Vegas, NV
Property Size4,274 SF
Lot Size0.17 Acres
Price / SF$306.50
Days on Market18
Property Features for 1153 Sierra Vista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Maryland Gardens
Elementary school
,
Directions
FROM MARYLAND PRKW, EAST ON DESERT INN, RIGHT ON 1ST STREET-SIERRA VISTA, 1153 WILL BE ON THE LEFT JUST ACCROSS FROM WELLS FARGO BANK
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
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
shared swimming pool
shared coin-operated laundry
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: Aug 2
Last Checked: Aug 6 at 9:06AM
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 block-constructed quadplex is fully occupied and offers a straightforward income-focused configuration in Las Vegas. The property includes central air conditioning and electric heating, a tile roof, and public water and public sewer service. Built in 1963, it has been updated with new HVAC/air conditioning units intended to help minimize future capital expenditures.
The community amenities include a shared swimming pool and a shared coin-operated laundry facility. All tenants participate in the Section 8 program, and the offering is noted to be positioned in H-1 (Limited Resort & Apartment) zoning. The listing also states there is no HOA.
The adjacent 4-plex at 1165 Sierra Vista Drive is described as available for purchase as well and similarly zoned H-1. The materials indicate each property may be purchased individually or together. For a larger acquisition strategy, the listing also mentions an additional adjacent H-1 zoned parcel for sale, subject to applicable governmental approvals.
The community amenities include a shared swimming pool and a shared coin-operated laundry facility. All tenants participate in the Section 8 program, and the offering is noted to be positioned in H-1 (Limited Resort & Apartment) zoning. The listing also states there is no HOA.
The adjacent 4-plex at 1165 Sierra Vista Drive is described as available for purchase as well and similarly zoned H-1. The materials indicate each property may be purchased individually or together. For a larger acquisition strategy, the listing also mentions an additional adjacent H-1 zoned parcel for sale, subject to applicable governmental approvals.
Key Highlights
- 0.17‑acre quadplex lot with 4,274 square feet
- All tenants participate in the Section 8 program; property is fully occupied
- 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 | $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
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 4-plex with tenants participating in Section 8 and access to a shared pool and coin laundry.
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: 0.17‑acre quadplex lot with 4,274 square feet; All tenants participate in the Section 8 program; property is fully occupied; H‑1 (Limited Resort & Apartment) zoning
