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Multifamily

343 & 345 N 10th St

343 N 10th St, Las Vegas, NV 89101

Listing Price: $1,325,000

Cap Rate
6.27%
Number of Units
9
GRM
10.32
Price/Unit
$147,222
Price/Gross SF
$245.46
Gross SF
5,398

Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present 343 & 345 North 10th Street, a 9-unit multi-family community consisting of eight one-bedroom apartment units and one detached two-bedroom single-family residence in the heart of Downtown Las Vegas. The property features thoughtfully designed residences with contemporary interiors, in-unit laundry, modern kitchens, and a curated collection of resident amenities including a community garden, shaded lounge area, fire pit, and secured access. Located just blocks from Fremont Street, Downtown Container Park, Fergusons Downtown, and the Arts District, residents enjoy convenient access to some of Las Vegas’ premier dining, entertainment, employment, and cultural destinations, creating a highly desirable urban living environment.

Strategically positioned on two contiguous parcels, the property offers a unique ownership configuration that enhances both operational efficiency and long-term flexibility. A dedicated parcel featuring resident amenities and parking complements the residential improvements while creating a distinctive layout rarely found among comparable Downtown multi-family investments. The property also benefits from excellent connectivity to Interstate 15, U.S. 95, Downtown Las Vegas, the Las Vegas Medical District, Symphony Park, and major employment centers throughout the Las Vegas Valley. This combination of accessibility, neighborhood amenities, and functional site design supports long-term tenant demand and stable occupancy.

343 & 345 North 10th Street represents a compelling opportunity to acquire a boutique multi-family asset in one of Southern Nevada’s most active urban revitalization corridors. Continued investment throughout Downtown Las Vegas, combined with limited opportunities to acquire well-established small multi-family communities in the area, reinforces the property’s long-term competitive positioning. Combining contemporary interiors, desirable community amenities, a unique configuration, and a premier Downtown Las Vegas location, the property is well positioned to deliver durable cash flow, operational efficiency, and long-term benefits.

Investment Highlights

  • Boutique Community: The offering combines eight apartment units with a separate two-story single-family residence, creating a distinctive investment opportunity.
  • Modern Living: Contemporary interior finishes create an attractive living environment that appeals to today's renters.
  • Downtown Access: The community offers convenient access to the major employment, dining, and entertainment destinations located in Downtown Las Vegas.
  • Strategic Flexibility: Two contiguous parcels provide a unique ownership configuration with enhanced long-term operational flexibility.

Exclusively Listed By

Financing By

Multifamily

343 & 345 N 10th St

Listing Price: $1,325,000

Cap Rate
6.27%
Number of Units
9
GRM
10.32
Price/Unit
$147,222
Price/Gross SF
$245.46
Gross SF
5,398

Investment Highlights

  • Boutique Community: The offering combines eight apartment units with a separate two-story single-family residence, creating a distinctive investment opportunity.
  • Modern Living: Contemporary interior finishes create an attractive living environment that appeals to today's renters.
  • Downtown Access: The community offers convenient access to the major employment, dining, and entertainment destinations located in Downtown Las Vegas.
  • Strategic Flexibility: Two contiguous parcels provide a unique ownership configuration with enhanced long-term operational flexibility.

Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present 343 & 345 North 10th Street, a 9-unit multi-family community consisting of eight one-bedroom apartment units and one detached two-bedroom single-family residence in the heart of Downtown Las Vegas. The property features thoughtfully designed residences with contemporary interiors, in-unit laundry, modern kitchens, and a curated collection of resident amenities including a community garden, shaded lounge area, fire pit, and secured access. Located just blocks from Fremont Street, Downtown Container Park, Fergusons Downtown, and the Arts District, residents enjoy convenient access to some of Las Vegas’ premier dining, entertainment, employment, and cultural destinations, creating a highly desirable urban living environment. Strategically positioned on two contiguous parcels, the property offers a unique ownership configuration that enhances both operational efficiency and long-term flexibility. A dedicated parcel featuring resident amenities and parking complements the residential improvements while creating a distinctive layout rarely found among comparable Downtown multi-family investments. The property also benefits from excellent connectivity to Interstate 15, U.S. 95, Downtown Las Vegas, the Las Vegas Medical District, Symphony Park, and major employment centers throughout the Las Vegas Valley. This combination of accessibility, neighborhood amenities, and functional site design supports long-term tenant demand and stable occupancy. 343 & 345 North 10th Street represents a compelling opportunity to acquire a boutique multi-family asset in one of Southern Nevada’s most active urban revitalization corridors. Continued investment throughout Downtown Las Vegas, combined with limited opportunities to acquire well-established small multi-family communities in the area, reinforces the property’s long-term competitive positioning. Combining contemporary interiors, desirable community amenities, a unique configuration, and a premier Downtown Las Vegas location, the property is well positioned to deliver durable cash flow, operational efficiency, and long-term benefits.

Exclusively Listed By

Financing By

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