Green Acres — Sale in Las Vegas, NV
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Las Vegas, NV 89107
Photos
Investment Figures
- Cap rate
- 5.29%
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 Green Acres, a 60-unit multifamily portfolio located along West Washington Avenue in Las Vegas. The community consists of 15 contiguous fourplex buildings offering a diverse mix of studio, one-bedroom, and two-bedroom residences designed to accommodate a broad renter base. Spacious interiors, functional layouts, private patios and balconies, on-site laundry, ample surface parking, and landscaped common areas provide practical features that support everyday resident convenience. Together, the varied unit mix and established community amenities create a workforce-oriented housing offering with broad tenant appeal. The portfolio’s individually parceled fourplex configuration provides a distinctive ownership structure that enhances flexibility beyond a conventional multifamily community. Separate parcels may support a broader range of financing, management, and future disposition strategies while maintaining the operating efficiencies of a contiguous portfolio. Green Acres also benefits from its location along West Washington Avenue with convenient access to schools, grocery stores, parks, retail destinations, and major transportation corridors throughout the Las Vegas Valley. This combination of parcel flexibility, functional site design, and regional accessibility provides ownership with meaningful operational and strategic flexibility. Green Acres is positioned within an evolving Las Vegas corridor near the Hylo Park redevelopment, a major mixed-use project planned to introduce new residential, retail, hospitality, recreation, and community-serving uses to the surrounding area. Nearby destinations including Meadows Mall, Ed Fountain Park, neighborhood shopping, and everyday services further enhance convenience for residents. The portfolio’s combination of workforce-oriented floor plans, resident amenities, individually parceled buildings, and proximity to ongoing redevelopment distinguishes th
Market Context
This multifamily in Las Vegas, NV is listed for sale. It is offered at an approximate 5.3% 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 5.3% asking cap rate is in line with the Las Vegas multifamily market average of about 5.5%.
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
Explore this market
Similar Multifamily Property for Sale in Las Vegas, NV
- 224 N 13th St — Contact for price · Las Vegas, NV
- Green Tree — Contact for price · Las Vegas, NV
- Sandpointe — Contact for price · Las Vegas, NV
- 16 Unit Fourplex Multifamily Portfolio — $3.2M · Las Vegas, NV · 15,776 SF
- Mesquite — $1.4M · Las Vegas, NV · 5,848 SF
- Saratoga Palms — Contact for price · Las Vegas, NV