The Dwellings — Sale in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Las Vegas, NV 89101

Photos

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Investment Figures

Cap rate
5.21%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as the exclusive listing broker is pleased to present The Dwellings, a 36-unit multifamily community centrally located within the Downtown Las Vegas corridor. The community consists entirely of one-bedroom floor plans designed to provide efficient and functional living spaces for residents. Renovated unit interiors and upgraded exterior improvements create an attractive residential environment within one of Las Vegas’ most active urban neighborhoods. The Dwellings benefits from immediate access to Downtown employment centers, entertainment destinations, dining venues, and cultural attractions throughout the urban core. Continued revitalization throughout the surrounding area has further strengthened Downtown Las Vegas as a growing residential and lifestyle destination. The Dwellings benefits from convenient access to Interstate 11, Interstate 15, and major employment corridors throughout the Las Vegas Valley. Residents are located near Fremont Street, the Arts District, Downtown Container Park, and several emerging entertainment and lifestyle destinations that continue to drive activity throughout the area. Ongoing redevelopment activity throughout Downtown Las Vegas continues to enhance neighborhood connectivity, walkability, and long-term area appeal. The Dwellings also stands to benefit from planned regional infrastructure improvements, including the Maryland Parkway Bus Rapid Transit project serving key destinations throughout the valley. These continued public and private investments are expected to further improve accessibility, pedestrian infrastructure, and overall neighborhood convenience for residents. The Dwellings presents a well-positioned opportunity within a rapidly evolving submarket supported by continued public and private investment. Modernized interiors, strong regional accessibility, and proximity to Downtown amenities contribute to the community’s long-term residential appeal. The combination of stabilized operations and fut

Market Context

This multifamily in Las Vegas, NV is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Las Vegas, NV — view the full market.

As of Q1 2026, the Las Vegas multifamily market showed a 10.4% vacancy rate, average asking rents near $1455.50/unit/mo, and cap rates around 5.5%. Source: multiple brokerage reports, Q1 2026.

Its 5.2% asking cap rate is in line with the Las Vegas multifamily market average of about 5.5%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Las Vegas?
About 5.5% as of Q1 2026, per multiple brokerage reports.
Is the Las Vegas multifamily market tightening or softening?
Vacancy is around 10.4% (Q1 2026).

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