Features
: Central , Electric
: Central Air
: Balcony
: Fourplex
: Private Yard
: Tile
: Laundry Room , Common Area
: Public Sewer
$0
Appliances
: Refrigerator , Oven , Range
Address Map
NV
Clark
Las Vegas
Maryland Gardens
89169
Sierra Vista
1165
Drive
W116° 51' 43.2''
N36° 7' 36.1''
FROM MARYLAND PRKW, EAST ON DESERT INN, RIGHT ON 1ST STREET-SIERRA VISTA, 1153 WILL BE ON THE LEFT JUST ACCROSS FROM WELLS FARGO BANK.
Neighborhood
,
Additional Information
Pool
4002
: Block
: Two
4
2
https://www.propertypanorama.com/instaview/las/2801639
: Public
Signature Real Estate Group
Mark Anthony A. Posner
$0
$0
$0
$0
$0
Financial
1836.0
Listing Information
232732
SREG04
Cash, Conventional, FHA, VA Loan
Active
2026-08-05T21:15:36Z
GLVAR
2026-07-26T00:21:03Z
Property Description

H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1165 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 $82, 723, representing approximately a 6.3% capitalization 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 1153 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 H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

Residential For Sale

1165 Sierra Vista Drive, Las Vegas, Nevada 89169

  • Square Footage: 4,002 Sqft
$1,310,000
Listing ID#2801639
QR Code
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2801639
Price : $1,310,000
Square Footage : 4,002 Sqft
Year Built : 1963
Lot Area : 0.16 Acre
Status : Active
Roof : Flat
Property Sub Type : Multi Family
Agent info
Bob Le Van
Keller Williams Realty The Marketplace
Keller Williams Realty The Marketplace
2230 Corporate Cir Ste 250
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