Finding a multi-family for purchase in Las Vegas is often by per happenstance. However, at the moment, there are several available multi-family homes for purchase—around five homes, to be exact. Presently, multi-family residences in Las Vegas have a median sale price of $299,900 or $170 per square foot. Moreover, these particular available homes/complexes range from $219,900 to $979,000 and offer a decent amount of square footage to accommodate multiple families. Ultimately, to assist you in your decision, here is a quick summary of the current multi-family homes available in the Las Vegas area.
This unique multi-family residence is currently priced at $219,900, making it the most affordable. Here, you will find a total of two family units. The first is a 3-bed, 1.5-bath, 750+ square foot single-level home. The other unit is a 2-bed, 1-bath single-level home with slightly less available square footage. Overall, this multi-family residence has been well-maintained but may possibly require a few upgrades in the near future. Nonetheless, a few noteworthy features of this 2-unit home include open-plan layouts, a family room fireplace, and central heat/air-conditioning for both units. This particular home is ideal for first-time-buyers or individuals looking to invent. Currently, this property is being sold AS-IS.
The second available multi-family residence, in Las Vegas, is a 3-unit residence or a triplex for $278,000. All three family units are identical—each with two bedrooms, one bathroom, and 720 square feet of living space. Here, you will find two lower-level units and one family unit located on the building's second level. This particular multi-family residence is currently being rented; therefore, it is a great investment opportunity for someone to take over. As a whole, the property has been recently painted, and a new roof was also installed. This residence offers on-site parking and has no HOA dues or fees.
Here, you will find a contemporary 3,290 square foot fourplex with a listed price of $325,000 or $150 per square foot. Built in1983, this multi-family residence is well-maintained and situated on .32 acres. This 4-unit home is currently occupied with varying lease terms—3 tenants are month to month, and the last tenant is presently a 6-month lease. All four units are also identical and offer central heating/cooling. Located in the Sunrise Manor neighborhood, this fourplex is yet another excellent investor opportunity and also has no HOA fees. The property also offers on-site, semi-gated parking.
Alternatively, you can purchase a recently renovated fourplex on 10th Street for $629,900 or $351 per square foot. This particular multi-family residence is a single-story complex located right in the heart of downtown Las Vegas. Presently, there are four tenants, all of which are long-term. Rental rates are below market value, but with additional upgrades, the rental rates could easily be raised. Ultimately, regardless of increased rental prices, you will see a quick return on this investment as all four tenants are interested in remaining on the premises. Here, a few notable features/amenities are this property's lack of HOA fees, and all unit appliances are included.
Lastly, a third fourplex is now available for $979,000 or $321 per square foot. This multi-family residence is comprised of 4 single-story family-style homes, each with an attached 2-car garage. Built in 2003, all four units are in good condition, and offer contemporary home features including covered patios, enclosed backyards, spacious rooms, and home appliances. At the moment, one family unit is vacant and is currently being re-painted/made move-in ready. This vacant unit is the largest of the four with 3,000 square feet of living space; the other three units are each 1,500 square feet.