2937 Elm Avenue, Las Vegas, NV 89101
MULTI_FAMILY - Other - Las Vegas, NV
- Added:
- Apr 20, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 8 at 2:06 pm
Property Features for 2937 Elm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Dishwasher, Oven, Range
- Standard status
- Active
- APN
- 139-36-212-011
- Size
- 3,880 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1328
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile
- Building materials
- Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing agent Maha Madanat License #S.0049820 (702) 630-6459
Listing office Century 21 Americana 2580 St Rose Pkwy Ste 120, Las Vegas, NV (702) 296-9999
Listing date Apr 20, 2026
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.
HighLights
- 1963‑built stucco property with flat roof
- All units are fully rented with long‑term tenants
- 3 units have tile flooring and 1 unit has carpet
- Central heating with natural gas and central air conditioning
- Appliances include dishwasher, oven, and range
- Public water and public sewer; no HOA
Overview
Located at 2937 Elm Avenue in Las Vegas, Nevada, the property sits on a 0.18-acre lot and totals 3,880 square feet. The offering is categorized as residential income property, supporting a straightforward multi-unit ownership structure.
For buyers seeking a small multi-family asset, this configuration can fit a range of ownership strategies where an existing rental setup is the starting point. With all units described as currently occupied by long-term tenants and interior finishes already in place, the property may appeal to investors and owner-operators looking for a manageable, four-unit portfolio without HOA involvement.
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 | $67.5k | $17.40 |
| − Vacancy | −$3.7k | −$0.96 |
| EGI | $63.8k | $16.44 |
| − OpEx | −$19.1k | −$4.93 |
| NOI | $44.7k | $11.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- Clark
- State
- Nevada
- Longitude
- -115.107426
- Latitude
- 36.168435
