Multifamily Property for Sale in Las Vegas, NV

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Las Vegas, NV 89104
  • Size: 5,320 SF

Description

2412 Olive Street – George’s Apartments is a 2 story, 10-unit multifamily property located in the Huntridge submarket of Las Vegas, Nevada. Built in 1983, the two-story asset sits on approximately 0.21 acres and consists entirely of one-bedroom, one-bath units averaging 532 square feet. The property offers surface parking (10 spaces, ~1.0 per unit) and features a simple, efficient layout with wood-frame construction. Building SF: 5320 | Listing Type: FOR SALE

Market Context

This multifamily in Las Vegas, NV is listed for sale at $1,298,000 across 5,320 SF. It has been on the market for 24 days. Compare it against other multifamily listings for sale in Las Vegas, NV — <a href="/search/sale/multifamily/nevada/las-vegas">view the full market</a>.

As of Q1 2026, the Las Vegas multifamily market showed average asking rents near $1457.00/unit/mo, and cap rates around 5.5%. Source: Consensus Q1 2026 market report.

Multifamily market FAQ

What is the typical cap rate for multifamily in Las Vegas?
About 5.5% as of Q1 2026, per Consensus.

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