Multifamily
224 N 13th St
224 N 13th St, Las Vegas, NV 89101
Listing Price: $640,000
Investment Overview
Marcus & Millichap, as the exclusive listing broker, is pleased to present 224 North 13th Street, a four-unit multifamily property located in Downtown Las Vegas. The two-story fourplex consists entirely of two-bedroom, one-bath residences and underwent a comprehensive rebuild in 2018 that addressed both major building systems and unit interiors. The improvements modernized the property, resulting in updated mechanical, electrical, plumbing, roofing, and interior components throughout the asset. Combined with light gray finishes, white cabinetry and appliances, quartz countertops, ceramic tile flooring, and a gated outdoor area, the renovation program provides a substantially modernized residential product with reduced near-term capital exposure.
The property benefits from an infill Downtown location near Fergusons Downtown, Downtown Container Park, Fremont Street Experience, the Arts District, neighborhood retail, and everyday services. This concentration of employment, dining, entertainment, cultural destinations, and resident conveniences provides a connected urban environment within the Downtown Las Vegas corridor. The location also offers convenient access to major transportation routes serving the broader Las Vegas Valley, strengthening connectivity to additional employment and commercial centers. These attributes reinforce the property’s rental positioning while providing residents with access to an established mix of neighborhood amenities.
The property’s four-unit, fee-simple configuration and absence of a homeowners association provide a straightforward ownership structure with meaningful operational flexibility. A consistent two-bedroom unit mix supports streamlined leasing and maintenance, while the comprehensive 2018 rebuild provides a strong physical foundation for continued operations without requiring a major repositioning program. The compact configuration also allows for direct asset oversight while retaining the income characteristics of a multi-family property.
Combining extensively modernized interiors, Downtown accessibility, and consistent residential layouts, 224 N 13th Street offers a compelling acquisition opportunity within the Downtown Las Vegas multi-family market.
224 N 13th St
Investment Highlights
- Comprehensive Renovation: Rebuilt from the studs in 2018, the property underwent major renovations including major building systems and interiors.
- Downtown Location: Located in Downtown Las Vegas, the property is near Fergusons Downtown, Downtown Container Park, Fremont Street Experience, the Arts District, and neighborhood retail.
- Two-Bedroom Residences: All four units feature two-bedroom, one-bath floor plans, providing a consistent residential product across the property.
- Operational Flexibility: The four-unit fee-simple configuration and absence of an association provide a straightforward ownership structure with a lower barrier to entry than larger multifamily communities.
Exclusively Listed By
Listing Price: $640,000
Investment Highlights
- Comprehensive Renovation: Rebuilt from the studs in 2018, the property underwent major renovations including major building systems and interiors.
- Downtown Location: Located in Downtown Las Vegas, the property is near Fergusons Downtown, Downtown Container Park, Fremont Street Experience, the Arts District, and neighborhood retail.
- Two-Bedroom Residences: All four units feature two-bedroom, one-bath floor plans, providing a consistent residential product across the property.
- Operational Flexibility: The four-unit fee-simple configuration and absence of an association provide a straightforward ownership structure with a lower barrier to entry than larger multifamily communities.
Investment Overview
Marcus & Millichap, as the exclusive listing broker, is pleased to present 224 North 13th Street, a four-unit multifamily property located in Downtown Las Vegas. The two-story fourplex consists entirely of two-bedroom, one-bath residences and underwent a comprehensive rebuild in 2018 that addressed both major building systems and unit interiors. The improvements modernized the property, resulting in updated mechanical, electrical, plumbing, roofing, and interior components throughout the asset. Combined with light gray finishes, white cabinetry and appliances, quartz countertops, ceramic tile flooring, and a gated outdoor area, the renovation program provides a substantially modernized residential product with reduced near-term capital exposure. The property benefits from an infill Downtown location near Fergusons Downtown, Downtown Container Park, Fremont Street Experience, the Arts District, neighborhood retail, and everyday services. This concentration of employment, dining, entertainment, cultural destinations, and resident conveniences provides a connected urban environment within the Downtown Las Vegas corridor. The location also offers convenient access to major transportation routes serving the broader Las Vegas Valley, strengthening connectivity to additional employment and commercial centers. These attributes reinforce the property’s rental positioning while providing residents with access to an established mix of neighborhood amenities. The property’s four-unit, fee-simple configuration and absence of a homeowners association provide a straightforward ownership structure with meaningful operational flexibility. A consistent two-bedroom unit mix supports streamlined leasing and maintenance, while the comprehensive 2018 rebuild provides a strong physical foundation for continued operations without requiring a major repositioning program. The compact configuration also allows for direct asset oversight while retaining the income characteristics of a multi-family property. Combining extensively modernized interiors, Downtown accessibility, and consistent residential layouts, 224 N 13th Street offers a compelling acquisition opportunity within the Downtown Las Vegas multi-family market.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
