376 North 15th Street, Las Vegas, NV 89101, Las Vegas, 89101 - 0 bed, 0 bath
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Las Vegas, NV 89101
This Multi-Unit Residential Income Asset is listed at $570,000, representing a stable entry point aligned with its $570,625 Fair Market Value. Comprising three 2-bedroom units and a non-conforming studio, the property holds a Condition Rating of 4, offering a clear Value-Add Opportunity for investors to capture upside through strategic modernization. Situated in a high-growth Downtown Las Vegas location with distant mountain views, the asset ensures strong rental demand due to its proximity to major employment hubs. This is an ideal portfolio addition for Buy-and-Hold Investors or Value-Add Specialists seeking scalable returns.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 376 North 15th Street Subject | $570,000* List Price | 0 | 0 | 2,835 | $216 | - |
A 10 E Bonanza Road Active | $599,000 List Price | 0 | 0 | 2,381 | $252 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property is functional but dated, aligning with its 'value-add' description. While the bathroom shows a partial tile renovation likely from 15+ years ago, the vanity, fixtures, and roof-mounted HVAC system show significant age and require updates to meet modern standards.
Situated in Downtown Las Vegas near major employment hubs and public transportation, ensuring consistent tenant demand and low vacancy rates.
The property offers significant upside potential for investors to increase rental income through strategic renovations and management improvements.
The option to purchase this asset as part of a portfolio sale provides a unique opportunity for investors to rapidly expand their footprint in the Las Vegas market.
The presence of a non-conforming studio unit may complicate traditional financing options and present potential zoning or compliance challenges.
As a 1982 build marketed as a value-add asset, the property likely requires immediate capital expenditure for modernization and structural updates.
Multifamily property built in 1982 featuring three 2-bedroom, 1-bathroom units and one non-conforming studio unit. Located in Downtown Las Vegas with close proximity to major employment hubs, retail, and public transportation. Strong rental location with consistent demand. Great opportunity for investors seeking a value-add asset with upside potential. Can be sold in a portfolio sale with 2526-2530 Valley st.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,835 | - |
| Lot Size | 6,534 | - |
| Price | $570.0K | $258.8K |
| Price per sq ft | $201 | $124 |
| Built year | 1982 | 0 |
| HOA | $0 | $0 |
| Days on market | 92 | 1298 |
Apr 21, 2026
$570,000
Initial Listing