1165 Sierra Vista Drive, Las Vegas, NV 89169
Local realty services provided by:Better Homes and Gardens Real Estate Universal
Listed by: mark anthony a. posner
Office: signature real estate group
MLS#:2801639
Source:GLVAR
Price summary
- Price:$1,310,000
- Price per sq. ft.:$327.34
About this home
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....
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Home facts
- Year built:1963
- Listing ID #:2801639
- Added:1 day(s) ago
- Updated:July 26, 2026 at 12:03 PM
Rooms and interior
- Flooring:Tile
- Kitchen Description:Oven, Range, Refrigerator
- Living area:4,002 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Flat
- Year built:1963
- Building area:4,002 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Fourplex
- Construction Materials:Block
- Exterior Features:Balcony, Private Yard
- Levels:2 Story
Schools
- Elementary school:,
Utilities
- Water:Public
Finances and disclosures
- Price:$1,310,000
- Price per sq. ft.:$327.34
- Tax amount:$1,836
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:In Common Area, Laundry Room
- Pool features:Pool
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