In the last few years alone, the real estate market in North Las Vegas has become very competitive. With new businesses being built and companies from all across the country deciding this is the place to be, there has been a surge of people looking to relocate here. As a result, the housing market for multi-family homes has been positively impacted. Presently, there are just under 30 multi-family homes/properties for sale in the North Las Vegas area. These available multi-family properties range from the low $200,000s to the high $500,000s and have a median sale price of $400,000. Overall, these homes offer two or more living spaces, ample square footage per unit/home, and a variety of housing perks.
Right now, the majority of multi-family homes on the market in North Las Vegas are multi-unit complexes. There are, of course, a handful of duplexes available as well. In general, multi-family homes are lucrative investments for all, as they allow for a quick return (you will see an immediate return when you rent out unit(s) and subsequently generate passive income). To better assist you in your search for multi-family housing, here are a few multi-family properties in North Las Vegas worth considering.
Duplexes are an excellent choice for blended and larger families or simply as an investment. Currently, more than a third of multi-family properties available now are duplexes. As a result, you can purchase a duplex in North Las Vegas for less than $300,000, thanks to competitive pricing. The least expensive duplex on the market here is a 2-studio layout, 2+ bathroom, 1,480 square foot, one-story, multi-family home for $190,000. This reasonably-priced home was built in 1981 and is in good condition. Both units have open layouts, modern appliances, and newer fixtures. Note—these two units are tenant-occupied at the moment.
Then again, a 2-studio layout, 2+ bathroom, 1,713 square foot, one-story, multi-family home is for sale for only $235,000. This duplex is near both public and private schools, shopping centers, and has convenient access to all major freeways. Constructed in 1957, this particular dual-unit home has had a few upgrades. At present, one month-to-month tenant is residing here. There is also a fully remodeled 2-studio layout, 2+ bathroom, 1,425 square foot, multi-family home available for $275,000. Here, you’ll find contemporary tile floors, updated bathrooms, a storage room, brand new appliances, and overall pleasing non-occupied rental space (no current tenants).
Alternatively, if you are in the market for a multi-unit home in North Las Vegas, you’re in luck. Right now, there are more than a dozen multi-unit properties for sale here. For instance, a fantastic 4-unit, 4+ bathroom, 3,450 square foot multi-family complex is available now for $319,900. This contemporary 4-plex is at full capacity and is a great investment opportunity. Each unit has two bedrooms, one full bathroom, and almost 900 square feet of living space. Other notable features with this 4-plex included a freshly painted exterior and covered designated parking. Yet another amazing 4-plex worth considering is a 4-unit, 4+ bathroom, 3,084 square foot, two-story, multi-family home for $330,000. Here, all four units have identical features, and the longstanding tenants are paying approximately $650 a month.
Better still, a gorgeous 4+ unit, 4+ bathroom, 3944 square foot, two-story multi-family property is available as well for $420,888. This contemporary complex has an open courtyard. Moreover, each unit has fresh paint, new carpeting, one bedroom, one bathroom, and modern appliances. Lastly, an incredible 4-unit, 4+ bath, 1,338 square foot, two-story, multi-family home is for sale for $589,000. This must-see complex offers terrific amenities, including a playground, and a picnic/barbeque area.