60-Unit Value-Add Apartment
4330 LAS VEGAS BLVD N Las Vegas, NV 89115
4330 LAS VEGAS BLVD N, Las Vegas, NV, 89115
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For Sale
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Renovated and gated 60-unit multifamily with carport parking, onsite laundry, and an active lease-up under new management.
Property Size35,024 SF
Lot Size2.88 Acres
Price / SF$199.86
Days on Market58
Property Features for 4330 LAS VEGAS BLVD N
General Information
- Standard status
- Active
- Size
- 35,024 SF
- Lot size
- 2.88 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
KW Commercial
Listed by
Blake Leavitt · License #BS.0145665.LLC
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 2:12PM
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
Investment Insights
Based on property information with market context.
Pinnacle Apartments is a 60-unit Class B apartment community built in 1984. The property sits on a 2.88-acre lot and includes a gated entrance, plentiful carport parking, an onsite laundry room, and a large courtyard. Under current ownership, approximately 50 of the 60 units have been renovated, and new exterior two-tone paint has been completed.
The community is located in the Northeast Las Vegas submarket directly along Las Vegas Boulevard, supporting access to Downtown Las Vegas, the Las Vegas Strip, Nellis Air Force Base, Apex Industrial Park, and the North Las Vegas industrial corridor. The surrounding area is described as a workforce housing market tied to nearby industrial employment and distribution facilities.
This is a value-add acquisition positioned for an owner-operator or investor looking to continue the lease-up phase under new management as of April 2026. Planned work includes completing exterior renovations in common areas and performing interior renovations on the remaining non-renovated units, with the goal of strengthening the property’s additional income stream.
The community is located in the Northeast Las Vegas submarket directly along Las Vegas Boulevard, supporting access to Downtown Las Vegas, the Las Vegas Strip, Nellis Air Force Base, Apex Industrial Park, and the North Las Vegas industrial corridor. The surrounding area is described as a workforce housing market tied to nearby industrial employment and distribution facilities.
This is a value-add acquisition positioned for an owner-operator or investor looking to continue the lease-up phase under new management as of April 2026. Planned work includes completing exterior renovations in common areas and performing interior renovations on the remaining non-renovated units, with the goal of strengthening the property’s additional income stream.
Key Highlights
- 60‑unit apartment community built in 1984 on a 2.88‑acre lot in Las Vegas.
- Gated entrance with plentiful carport parking for tenants.
- Onsite laundry room and a large courtyard.
Local Financial Insights For Apartment 5plus
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 | $664.1k | $18.96 |
| − Vacancy | −$31.9k | −$0.91 |
| EGI | $632.2k | $18.05 |
| − OpEx | −$284.5k | −$8.12 |
| NOI | $347.7k | $9.93 |
35,024 SF · lease $18.96/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.97M
$4.35M – $5.79M
NOI $347,699 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.47M
$9.16M – $12.22M
NOI $732,982 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pinnacle
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Renovated and gated 60-unit multifamily with carport parking, onsite laundry, and an active lease-up under new management.
Where is this apartment building located?
The property is located at 4330 LAS VEGAS BLVD N Las Vegas, NV.
What is the asking price?
The asking price for this property is $6,999,999.
What are key features of this property?
This property features: 60‑unit apartment community built in 1984 on a 2.88‑acre lot in Las Vegas.; Gated entrance with plentiful carport parking for tenants.; Onsite laundry room and a large courtyard.
