1153 Sierra Vista, Las Vegas, NV 89169
- $1,310,000
- Multi-Family Homes
- 4274 sqft
- 1963
- $1,310,000
Description
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $84,205, representing approximately a 6.4% cap rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns.
A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency.
Adding to the opportunity, the adjacent commercial-zoned parcel is also available for sale. A developer could acquire all three properties and explore the potential to rezone the commercial parcel to H-1, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.
Address
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Address: 1153 Sierra Vista Drive
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City: Las Vegas
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State/county: NV
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Zip/Postal Code: 89169
Details
Updated on July 25, 2026 at 10:33 pm-
Property ID 2801616
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Price $1,310,000
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Property Size 4274 sqft
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Land Area 0.17 acres
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Year Built 1963
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Type Multi-Family Homes
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Property Status Coming Soon
Additional details
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No HOA Yes
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Community Pool Yes
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Investment Property Yes
Features
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