Building Details

Tenancy Multi

Listing Agency: CEI Commercial Real Estate

Listed By: Omar Lopez · License #B 1000757

Source: Crexi

Added: Jul 21 Changed: Aug 8 Last Checked: Aug 10 at 12:49PM

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Investment Insights

Based on property information with market context.

This property is an 8-unit multifamily building offered for sale. It is marketed as a residential income property.

The property is located at 1401 Beaver Spring St in Las Vegas, Nevada 89128.

The listing notes a 5.84% CAP rate and identifies the asset as a multifamily apartment building with eight total units.

Key Highlights

• 8‑unit multifamily residential income property
• 5.84% CAP rate

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Food Market Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

786

Businesses Nearby

Explore this area Business Placement

Demographics for 89128, NV

37,882

Population

16,840

Households

2.2

Avg Household Size

40

Median Age

31%

College-Educated

91%

High-School Grad

6.0 sq mi

ZIP Area

6,314

Density / Sq Mi

$70,641

Median Household Income

$41,581

Median Earnings

$1,621

Median Rent

$378,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Small multifamily offering with 8 units, presented for sale as a residential income property.

Where is this apartment building located?

The property is located at 1401 Beaver Spring St Las Vegas, NV.

What are key features of this property?

This property features: 8‑unit multifamily residential income property; 5.84% CAP rate