Sandpointe — Sale in Las Vegas, NV
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Las Vegas, NV 89121
Photos
Investment Figures
- Cap rate
- 5.38%
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 Sandpointe, a 48-unit multi-family community located at 2855 South Sandhill Road in Las Vegas. Constructed in 2009, the property consists of 12 two-story, low-rise buildings across ± 2.55 acres and is comprised entirely of three-bedroom, two-bath residences averaging ± 1,015 square feet. Each residence benefits from a consistent floor plan complemented by in-unit laundry, private patios or balconies, outdoor storage, ceiling fans, granite-style countertops, and a mix of vinyl plank flooring and carpet. Community features including a fenced playground, barbecue and picnic areas, landscaped green space, and surface and carport parking provide additional resident convenience and strengthen the overall residential offering. The property benefits from a southeast Las Vegas location with convenient access to neighborhood retail, schools, parks, entertainment, and employment destinations throughout the Las Vegas Valley. Sandpointe is also situated near a major transportation corridor that continues to receive significant public investment focused on mobility, pedestrian safety, transit access, streetscape improvements, and broader corridor revitalization. These improvements are intended to strengthen connectivity and accessibility while supporting continued economic activity throughout the surrounding area. Sandpointe combines a highly consistent three-bedroom unit mix with spacious residences, practical in-unit features, and a collection of resident-oriented community amenities. The uniform floor plans may support operational simplicity, while the larger unit configurations broaden the property’s appeal to renters seeking additional living space. Its combination of established operations, larger floor plans, regional accessibility, and surrounding public investment provides a differentiated profile within the Las Vegas multifamily market. Together, these characteristics support durable renter deman
Market Context
This multifamily in Las Vegas, NV is listed for sale. It is offered at an approximate 5.4% 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 5.4% 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
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