Multifamily Property for Sale in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Las Vegas, NV 89106

Description

Marcus & Millichap, as the exclusive listing broker, is pleased to present CORA Apartments, a 30-unit multifamily investment opportunity located in an emerging submarket of Las Vegas, positioned to benefit from ongoing residential and commercial development activity. The property has recently undergone significant capital improvements, including exterior enhancements and modernized unit interiors, creating a strong foundation for continued rent growth and operational upside. Its location along a primary corridor provides direct access to major employment centers, Downtown Las Vegas, and key transportation routes, enhancing long-term tenant demand and accessibility. Strategically situated within 0.5 miles of the planned Hylo Park redevelopment, a 73-acre mixed-use project featuring residential, retail, hospitality, and entertainment components, CORA Apartments stands to benefit from a transformative influx of new amenities and economic activity. This redevelopment is expected to significantly improve neighborhood connectivity, increase employment opportunities, and elevate the overall appeal of the surrounding area. As the submarket continues to evolve, the property is well-positioned to capture demand from tenants seeking quality housing near new lifestyle and employment hubs. With a proven renovation program already implemented and additional value-add potential remaining, CORA Apartments offers investors a clear path to enhanced cash flow and long-term appreciation. Continued interior upgrades and operational efficiencies present an opportunity to further increase rental income and align the asset with market rents. Combined with strong demand drivers, improving submarket fundamentals, and proximity to large-scale redevelopment, the property represents a compelling investment opportunity in one of Las Vegas’ most actively improving corridors. Investment Highlights: • Redevelopment Proximity: Located within 0.5 miles of a 73-acre mixed-use project expected to driv

Market Context

This multifamily in Las Vegas, NV is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 53 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.

Its 6.1% asking cap rate is above the Las Vegas multifamily market average of about 5.5%, implying a higher yield (and typically more risk or upside) than comparable assets.

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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