Multifamily

Property in Unknown, XX

Towne Terrace, Las Vegas, NV 89101

Price

Price on request

Description

A Rare 50-Unit Mid-Rise Community in the Heart of Revitalized Downtown Las Vegas

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

Towne Terrace, Las Vegas, NV 89101

Leaflet © OpenStreetMap contributors

Market Context

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: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$1,457/unit/mo

Estimated sale value

$153,474–$191,843/unit

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.5%, asking rent held flat).

View the full Las Vegas Multifamily market report →

Compare it against other multifamily listings for sale in Las Vegas, NV to benchmark pricing and space — view the full market.

Multifamily market FAQ

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

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.