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72-Unit Townhome-Style Apartment Community
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For Sale
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517 N 28TH ST, Las Vegas, NV 89101

A gated residential property with landscaped grounds, a courtyard, on-site laundry, and surface parking.

Property SizeContact for details
Lot Size3.36 Acres
Days on Market5

Property Features for 517 N 28TH ST

General Information

Standard status Active
Lot size 3.36 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 72

Amenities

gated access
central courtyard
on-site laundry
surface parking
landscaped grounds

Building Details

Year Built 1978
Buildings 9
Stories 2
Listing Agency: Marcus & Millichap - Las Vegas
Listed By: Drew Holden · License #S.0189703
Source: Crexi
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 3:30PM

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 Marcus & Millichap - Las Vegas

Investment Insights

Based on property information with market context.

Green Tree is a 72-unit apartment community on approximately 3.36 acres, arranged across nine two-story buildings. Built in 1978, it offers one-bedroom apartments and two-bedroom townhome-style residences, with the townhomes making up the larger share of the mix. Features in the townhome residences include vaulted ceilings, walk-in closets, and private backyards. Gated entry, a central courtyard, laundry facilities, surface parking, and landscaped grounds serve the community.

The property is at 517 N 28th Street in East Las Vegas, with access to Downtown Las Vegas, neighborhood retail, schools, parks, community services, and major transportation corridors. It is also near the planned Desert Pines redevelopment, a mixed-use, mixed-income project incorporating housing, retail and services, educational uses, community facilities, and open space.

Key Highlights

  • 72 residential units across nine two‑story buildings
  • Approximately 3.36 acres; built in 1978
  • Mix of one‑bedroom apartments and two‑bedroom townhome‑style residences

Property Analytics

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Current Use

smith Cyber Services Law Firm Green Tree Townhomes Condominium Complex

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Tech Support Center (Bike/Boat/Book/etc) 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

72
Residential units

Location Intelligence

Trade Area within ½ mile

728
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A gated residential property with landscaped grounds, a courtyard, on-site laundry, and surface parking.
Where is this apartment building located?
The property is located at 517 N 28TH ST Las Vegas, NV.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 72 residential units across nine two‑story buildings; Approximately 3.36 acres; built in 1978; Mix of one‑bedroom apartments and two‑bedroom townhome‑style residences
(949) 419-3200 Call to check price and availability
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