1843 Jefferson St | North Las Vegas, NV 89030
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1843 Jefferson St
North Las Vegas, NV 89030
Multifamily Property For Sale · 7 Units
Investment Highlights
- 7 Multi-Family Units with 2 Bedroom Floor Plans & 1 Non-Conforming Studio Unit
- Spacious Secured Access Community Courtyard
- Convenient Access to Major Freeways, Including Interstate 11 & 15
- Partially Renovated Interiors with Modern Vinyl Plank Flooring Throughout
- Within Close Proximity of Major NLV Village Mixed-Use Redevelopment
Executive Summary
The Holden Group of Marcus & Millichap, as the exclusive listing group, is pleased to present the opportunity to acquire 1843 Jefferson Street, a 7-unit multifamily investment property located in North Las Vegas, NV.
Situated on a 0.23-acre lot, 1843 Jefferson Street offers an attractive unit mix consisting of two-bedroom floor plans and one non-conforming studio unit. The property includes partially renovated interiors with modern vinyl plank flooring throughout, providing tenants with comfortable, updated living spaces. Additional amenities include a spacious, gated courtyard and ample surface parking.
1843 Jefferson Street benefits from a prime location in North Las Vegas, with numerous points of interest nearby. It is located within 350 feet of NLV Gateway, a $260 million redevelopment project that will revitalize 19 acres of Downtown North Las Vegas with businesses, restaurants, medical offices, and housing. This project is poised to enhance the vibrancy of the area by creating 900 permanent jobs. Additionally, the property is within a short drive from North Las Vegas City Hall and a quarter-mile from North Vista Hospital.
Investors will appreciate the property’s strategic location near major transportation corridors, including the I-11 and I-15 freeways, making it easy to access employment hubs throughout Clark County.
With its strategic location and recent improvements, 1843 Jefferson Street is an attractive option for tenants seeking comfortable and convenient living near the rapidly redeveloping area of Downtown North Las Vegas. Investors will find this property highly appealing for its prime location and opportunity to maximize rents, offering a promising return on investment.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
Situated on a 0.23-acre lot, 1843 Jefferson Street offers an attractive unit mix consisting of two-bedroom floor plans and one non-conforming studio unit. The property includes partially renovated interiors with modern vinyl plank flooring throughout, providing tenants with comfortable, updated living spaces. Additional amenities include a spacious, gated courtyard and ample surface parking.
1843 Jefferson Street benefits from a prime location in North Las Vegas, with numerous points of interest nearby. It is located within 350 feet of NLV Gateway, a $260 million redevelopment project that will revitalize 19 acres of Downtown North Las Vegas with businesses, restaurants, medical offices, and housing. This project is poised to enhance the vibrancy of the area by creating 900 permanent jobs. Additionally, the property is within a short drive from North Las Vegas City Hall and a quarter-mile from North Vista Hospital.
Investors will appreciate the property’s strategic location near major transportation corridors, including the I-11 and I-15 freeways, making it easy to access employment hubs throughout Clark County.
With its strategic location and recent improvements, 1843 Jefferson Street is an attractive option for tenants seeking comfortable and convenient living near the rapidly redeveloping area of Downtown North Las Vegas. Investors will find this property highly appealing for its prime location and opportunity to maximize rents, offering a promising return on investment.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*
PROPERTY FACTS
| Price Per Unit | $130,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6% | Building Size | 4,284 SF |
| Gross Rent Multiplier | 10.83 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.83 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,284 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.4/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 715 |
| Studios | 1 | - | 350 |
PROPERTY TAXES
| Parcel Number | 139-23-311-125 | Improvements Assessment | $55,020 |
| Land Assessment | $39,900 | Total Assessment | $94,920 |
PROPERTY TAXES
Parcel Number
139-23-311-125
Land Assessment
$39,900
Improvements Assessment
$55,020
Total Assessment
$94,920
zoning
| Zoning Code | R-A/R-2 |
| R-A/R-2 |
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