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1165 Sierra Vista Drive
Las Vegas NV 89169 US

$1,310,000

Active Listing ID 2801639
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Lot: 0.16 Acres
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Other

$1,310,000

Active Listing ID 2801639
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1165 Sierra Vista Drive H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1165 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $82, 723, representing approximately a 6.3% capitalization rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1153 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.

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Property Features

  • Facts
  • Lot Size: 0.16 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Private Yard
  • Floor Covering: Tile
  • Roof Type: Flat
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • ,(Elementary)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1310000
  • unparsedaddress: 1165 Sierra Vista Drive
  • postalcity: Las Vegas
  • stateorprovince: NV
  • country: US
  • postalcode: 89169
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.16
  • lotsizeunits: Acres
  • lotsizearea: 0.16
  • livingarea: 4002
  • livingareaunits: Square Feet
  • latitude: 36.126689
  • longitude: -115.13799
  • listagentfullname: Mark Anthony A. Posner
  • listagentemail: markanthony@pgglv.com
  • listagentkey: 3yd-GLVARNV-232732
  • listagentmlsid: 232732
  • listagentpreferredphone: 7023439709
  • listagentofficephone: 7023439709
  • listofficekey: 3yd-GLVARNV-SREG04
  • listagentstatelicense: BS.0147064
  • listofficemlsid: SREG04
  • disclaimer: Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GLVARNV
  • yearbuilt: 1963
  • listingcontractdate: 2026-07-20
  • listagenturl: http://www.signaturenevada.com
  • countyorparish: Clark
  • parcelnumber: 162-15-511-010
  • elementaryschool: ,
  • appliances: Oven, Range, Refrigerator
  • cooling: Central Air
  • constructionmaterials: Block
  • flooring: Tile
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • franchiseaffiliation: Independent
  • exteriorfeatures: Private Yard
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -115.13799, 36.12669
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Signature Real Estate Group, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"markanthony@pgglv.com", "ListBrokerageCity":"Las Vegas", "ListBrokerageCountry":"US", "ListBrokerageEmail":"brandon@signaturenv.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Signature Real Estate Group, LLC", "ListBrokeragePhone":"(702) 799-9598", "ListBrokeragePostalCode":"89134", "ListBrokerageStateOrProvince":"NV", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9525 Hillwood Dr #120", "ListBrokerageWebsiteUrl":"http://www.signaturenevada.com", "ListOfficeAddress1":"2200 Paseo Verde Pkwy 300 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SREG04", "ListOfficeCity":"Henderson", "ListOfficeCountry":"US", "ListOfficeEmail":"Brandon@SignatureNv.com", "ListOfficePostalCode":"89052", "ListOfficeStateOrProvince":"NV", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Other - Las Vegas, NV", "ListingURL":null, "MLSModificationTimestamp":"2026-07-26 09:00:21", "Neighborhoods":[{"Description":null, "Name":"Maryland Gardens"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1836, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/26/2026 9:09:10 AM GMT
Source Updated Date: 7/27/2026 6:47:07 PM GMT

Courtesy of: Mark Anthony A. Posner, Signature Real Estate Group, markanthony@pgglv.com

Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.