343 & 345 N 10th St — Sale in Las Vegas, NV
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Las Vegas, NV 89101
Photos
Investment Figures
- Cap rate
- 6.27%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap, as the exclusive listing broker, is pleased to present 343 & 345 North 10th Street, a 9-unit multi-family community consisting of eight one-bedroom apartment units and one detached two-bedroom single-family residence in the heart of Downtown Las Vegas. The property features thoughtfully designed residences with contemporary interiors, in-unit laundry, modern kitchens, and a curated collection of resident amenities including a community garden, shaded lounge area, fire pit, and secured access. Located just blocks from Fremont Street, Downtown Container Park, Fergusons Downtown, and the Arts District, residents enjoy convenient access to some of Las Vegas’ premier dining, entertainment, employment, and cultural destinations, creating a highly desirable urban living environment. Strategically positioned on two contiguous parcels, the property offers a unique ownership configuration that enhances both operational efficiency and long-term flexibility. A dedicated parcel featuring resident amenities and parking complements the residential improvements while creating a distinctive layout rarely found among comparable Downtown multi-family investments. The property also benefits from excellent connectivity to Interstate 15, U.S. 95, Downtown Las Vegas, the Las Vegas Medical District, Symphony Park, and major employment centers throughout the Las Vegas Valley. This combination of accessibility, neighborhood amenities, and functional site design supports long-term tenant demand and stable occupancy. 343 & 345 North 10th Street represents a compelling opportunity to acquire a boutique multi-family asset in one of Southern Nevada’s most active urban revitalization corridors. Continued investment throughout Downtown Las Vegas, combined with limited opportunities to acquire well-established small multi-family communities in the area, reinforces the property’s long-term competitive positioning. Combining contemporary interiors, desirable community amenities, a
Market Context
This multifamily in Las Vegas, NV is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Las Vegas, NV — view the full market.
As of Q1 2026, the Las Vegas multifamily market showed a 10.4% vacancy rate, average asking rents near $1455.50/unit/mo, and cap rates around 5.5%. Source: multiple brokerage reports, Q1 2026.
Its 6.3% asking cap rate is above the Las Vegas multifamily market average of about 5.5%, implying a higher yield (and typically more risk or upside) than comparable assets.
Multifamily market FAQ
- What is the typical cap rate for multifamily in Las Vegas?
- About 5.5% as of Q1 2026, per multiple brokerage reports.
- Is the Las Vegas multifamily market tightening or softening?
- Vacancy is around 10.4% (Q1 2026).
Contact
- Drew Holden · (702) 215-7118 · drew.holden@marcusmillichap.com
- Nicholas Gray · (702) 215-7144 · nicholas.gray@marcusmillichap.com
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