Saratoga Palms — Sale in Las Vegas, NV

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Las Vegas, NV 89110

Photos

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Investment Figures

Cap rate
6.16%

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 Saratoga Palms, a 56-unit multi-family community located at 522 North Lamb Boulevard in East Las Vegas. The property features a balanced mix of one-, two-, and three-bedroom floor plans designed to serve a broad resident base. A cohesive community layout, comprehensive amenity package, and functional residential design contribute to the property’s strong competitive position within the multi-family market. The combination of diverse floor plans and professionally positioned community features supports durable tenant appeal and long-term operational stability. Saratoga Palms offers a comprehensive collection of resident amenities that enhance its competitive positioning within the surrounding rental market. A swimming pool and relaxing spa are complemented by a fitness center, barbecue and picnic areas, on-site laundry, and covered parking. Residences feature spacious floor plans, granite-style countertops, modern flooring, walk-in closets, updated fixtures, and private patios or balconies. Together, the property’s community and in-unit features provide a cohesive resident experience while supporting efficient multi-family operations. The property benefits from a strategic East Las Vegas location with convenient access to major employment centers, retail, services, and transportation corridors throughout the Las Vegas Valley. Saratoga Palms is also positioned near the planned Desert Pines Redevelopment, which is designed to introduce new housing, parks, retail, community spaces, and neighborhood-serving amenities to the surrounding area. Continued public and private investment throughout East Las Vegas reinforces the property’s positioning within an evolving residential corridor. Combining a comprehensive amenity package, diversified unit mix, established operations, and proximity to significant neighborhood investment, Saratoga Palms offers a compelling acquisition opportunity for multi-fami

Market Context

This multifamily in Las Vegas, NV is listed for sale. It is offered at an approximate 6.2% 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 6.2% 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).

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