56-Unit Apartment Community with
For Sale
$8,650,000
522 N Lamb Blvd, Las Vegas, NV 89110
East Las Vegas community with varied floor plans, resident amenities, and covered parking.
Property Size47,440 SF
Days on Market56
Property Features for 522 N Lamb Blvd
General Information
Standard status
Active
Size
47,440 SF
Property subtype
Multifamily
Additional Details
Cap Rate
6.16%
Multifamily Units
56
Amenities
swimming pool
spa
fitness center
barbecue and picnic areas
on-site laundry
covered parking
private patios or balconies
Balanced Mix: A diverse mix of one-, two-, and three-bedroom floor plans supports demand across multiple household types.
Lifestyle Amenities: A pool, spa, fitness center, clubhouse, and outdoor gathering areas provide residents with a comprehensive amenity package.
Evolving Corridor: Saratoga Palms is positioned near the planned Desert Pines Redevelopment within an evolving East Las Vegas corridor.
Strategic Access: Prominent frontage along North Lamb Boulevard near Bonanza Road provides convenient access to surrounding employment, retail, and daily services.
Building Details
Building Size
47,440 SF
Units
56
Listing Agency:
Las Vegas Office
Listed By:
Drew Holden · License #License(s): CA: 01962800, NV: S.0189703
(702) 215-7118
Source:
Marcusmillichap
Added: Aug 22
Changed: Oct 2
Last Checked: Oct 16 at 5:45AM
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 Las Vegas Office
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Investment Insights
Based on property information with market context.
This 56-unit apartment community at 522 N Lamb Blvd in Las Vegas offers a mix of one-, two-, and three-bedroom residences. Property amenities include a swimming pool, spa, fitness center, barbecue and picnic areas, on-site laundry, and covered parking. Individual units include granite-style countertops, modern flooring, walk-in closets, updated fixtures, and private patios or balconies.
The property is located in East Las Vegas with access to employment centers, retail, services, and transportation corridors across the Las Vegas Valley. It is also near the planned Desert Pines Redevelopment, which is intended to add housing, parks, retail, community spaces, and neighborhood-serving amenities.
The range of floor plans and combination of community and in-unit features support a varied residential offering within an established multifamily setting.
The property is located in East Las Vegas with access to employment centers, retail, services, and transportation corridors across the Las Vegas Valley. It is also near the planned Desert Pines Redevelopment, which is intended to add housing, parks, retail, community spaces, and neighborhood-serving amenities.
The range of floor plans and combination of community and in-unit features support a varied residential offering within an established multifamily setting.
Key Highlights
- 56‑unit apartment community at 522 N Lamb Blvd, Las Vegas, NV 89110
- Balanced one-, two-, and three‑bedroom unit mix
- Swimming pool, spa, fitness center, and barbecue and picnic areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$494,923
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,898,460
$9.9M
Cap Rate 7%
$7,070,329
$7.1M
Cap Rate 9%
$5,499,144
$5.5M
Market Conditions
NOI Build-Up for 47,440 SF
Gross rent
$939.3K $19.80/SF
− Vacancy
−$39.5K −$0.83/SF
EGI
$899.9K $18.97/SF
− OpEx
−$404.9K −$8.54/SF
NOI
$494.9K $10.43/SF
Area
ZIP 89110
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,898,460
Cap Rate 7%
$7,070,329
Cap Rate 9%
$5,499,144
Alternative Uses
Best Use
Apartment 5plus
$7.07M
$6.19M – $8.25M
NOI $494,923 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.60M
$13.65M – $18.20M
NOI $1,092,107 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
56
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
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Business Placement
Demographics for 89110, NV
73,954
Population
23,701
Households
3.1
Avg Household Size
32
Median Age
10%
College-Educated
68%
High-School Grad
9.6 sq mi
ZIP Area
7,704
Density / Sq Mi
$54,858
Median Household Income
$34,509
Median Earnings
$1,292
Median Rent
$304,300
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 - East Las Vegas community with varied floor plans, resident amenities, and covered parking.
Where is this apartment building located?
The property is located at 522 N Lamb Blvd Las Vegas, NV.
What is the asking price?
The asking price for this property is $8,650,000.
What are key features of this property?
This property features: 56‑unit apartment community at 522 N Lamb Blvd, Las Vegas, NV 89110; Balanced one-, two-, and three‑bedroom unit mix; Swimming pool, spa, fitness center, and barbecue and picnic areas
