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Multifamily

Saratoga Palms

522 N Lamb Blvd, Las Vegas, NV 89110

Listing Price: $8,650,000

Cap Rate
6.16%
Number of Units
56
GRM
10.32
Price/Unit
$154,464
Price/Gross SF
$182.34
Gross SF
47,440

Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present Saratoga Palms, a 56-unit multi-family community located at 522 North Lamb Boulevard in East Las Vegas. The property features a balanced mix of one-, two-, and three-bedroom floor plans designed to serve a broad resident base. A cohesive community layout, comprehensive amenity package, and functional residential design contribute to the property’s strong competitive position within the multi-family market. The combination of diverse floor plans and professionally positioned community features supports durable tenant appeal and long-term operational stability.

Saratoga Palms offers a comprehensive collection of resident amenities that enhance its competitive positioning within the surrounding rental market. A swimming pool and relaxing spa are complemented by a fitness center, barbecue and picnic areas, on-site laundry, and covered parking. Residences feature spacious floor plans, granite-style countertops, modern flooring, walk-in closets, updated fixtures, and private patios or balconies. Together, the property’s community and in-unit features provide a cohesive resident experience while supporting efficient multi-family operations.

The property benefits from a strategic East Las Vegas location with convenient access to major employment centers, retail, services, and transportation corridors throughout the Las Vegas Valley. Saratoga Palms is also positioned near the planned Desert Pines Redevelopment, which is designed to introduce new housing, parks, retail, community spaces, and neighborhood-serving amenities to the surrounding area. Continued public and private investment throughout East Las Vegas reinforces the property’s positioning within an evolving residential corridor. Combining a comprehensive amenity package, diversified unit mix, established operations, and proximity to significant neighborhood investment, Saratoga Palms offers a compelling acquisition opportunity for multi-family investors seeking a professionally positioned Las Vegas asset.

Investment Highlights

  • Balanced Mix: A diverse mix of one-, two-, and three-bedroom floor plans supports demand across multiple household types.
  • Lifestyle Amenities: A pool, spa, fitness center, clubhouse, and outdoor gathering areas provide residents with a comprehensive amenity package.
  • Evolving Corridor: Saratoga Palms is positioned near the planned Desert Pines Redevelopment within an evolving East Las Vegas corridor.
  • Strategic Access: Prominent frontage along North Lamb Boulevard near Bonanza Road provides convenient access to surrounding employment, retail, and daily services.

Exclusively Listed By

Financing By

Multifamily

Saratoga Palms

Listing Price: $8,650,000

Cap Rate
6.16%
Number of Units
56
GRM
10.32
Price/Unit
$154,464
Price/Gross SF
$182.34
Gross SF
47,440

Investment Highlights

  • Balanced Mix: A diverse mix of one-, two-, and three-bedroom floor plans supports demand across multiple household types.
  • Lifestyle Amenities: A pool, spa, fitness center, clubhouse, and outdoor gathering areas provide residents with a comprehensive amenity package.
  • Evolving Corridor: Saratoga Palms is positioned near the planned Desert Pines Redevelopment within an evolving East Las Vegas corridor.
  • Strategic Access: Prominent frontage along North Lamb Boulevard near Bonanza Road provides convenient access to surrounding employment, retail, and daily services.

Investment Overview

Marcus & Millichap, as the exclusive listing broker, is pleased to present Saratoga Palms, a 56-unit multi-family community located at 522 North Lamb Boulevard in East Las Vegas. The property features a balanced mix of one-, two-, and three-bedroom floor plans designed to serve a broad resident base. A cohesive community layout, comprehensive amenity package, and functional residential design contribute to the property’s strong competitive position within the multi-family market. The combination of diverse floor plans and professionally positioned community features supports durable tenant appeal and long-term operational stability. Saratoga Palms offers a comprehensive collection of resident amenities that enhance its competitive positioning within the surrounding rental market. A swimming pool and relaxing spa are complemented by a fitness center, barbecue and picnic areas, on-site laundry, and covered parking. Residences feature spacious floor plans, granite-style countertops, modern flooring, walk-in closets, updated fixtures, and private patios or balconies. Together, the property’s community and in-unit features provide a cohesive resident experience while supporting efficient multi-family operations. The property benefits from a strategic East Las Vegas location with convenient access to major employment centers, retail, services, and transportation corridors throughout the Las Vegas Valley. Saratoga Palms is also positioned near the planned Desert Pines Redevelopment, which is designed to introduce new housing, parks, retail, community spaces, and neighborhood-serving amenities to the surrounding area. Continued public and private investment throughout East Las Vegas reinforces the property’s positioning within an evolving residential corridor. Combining a comprehensive amenity package, diversified unit mix, established operations, and proximity to significant neighborhood investment, Saratoga Palms offers a compelling acquisition opportunity for multi-family investors seeking a professionally positioned Las Vegas asset.

Exclusively Listed By

Financing By

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