8-Unit Apartment
For Sale
Contact for pricing
1400 East Mesquite Avenue, Las Vegas, NV 89101
Residential income property comprising eight apartment units in Las Vegas.
Property Size5,848 SF
Price / SF$239.40
Days on Market57
Property Features for 1400 East Mesquite Avenue
General Information
Standard status
Active
Size
5,848 SF
Property subtype
Multifamily
Occupancy
75%
Investment Type
Stabilized
Additional Details
Multifamily Units
8
Building Details
Year Built
1978
Buildings
2
Units
8
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Edward Orasi · License #NV BS0145749
Source:
Crexi
Added: Aug 22
Changed: Oct 7
Last Checked: Oct 16 at 8:06AM
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 KW Commercial
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Investment Insights
Based on property information with market context.
This apartment building contains 8 residential units within 5,848 square feet of property area. The asset was built in 1978 and is located at 1400 East Mesquite Avenue in Las Vegas, Nevada 89101.
Key Highlights
- 8‑unit apartment building
- 5,848 square feet of property area
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,203
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,060
$1.2M
Cap Rate 7%
$888,614
$888.6K
Cap Rate 9%
$691,144
$691.1K
Market Conditions
NOI Build-Up for 5,848 SF
Gross rent
$119.3K $20.40/SF
− Vacancy
−$6.2K −$1.06/SF
EGI
$113.1K $19.34/SF
− OpEx
−$50.9K −$8.70/SF
NOI
$62.2K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,060
Cap Rate 7%
$888,614
Cap Rate 9%
$691,144
Alternative Uses
Best Use
Apartment 5plus
$888.6K
$777.5K – $1.04M
NOI $62,203 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,451 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property comprising eight apartment units in Las Vegas.
Where is this apartment building located?
The property is located at 1400 East Mesquite Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8‑unit apartment building; 5,848 square feet of property area; Built in 1978
