Coming Soon

1153 Sierra Vista Drive

Las Vegas, NV 89169
Mark as Favorite
Bed --

Bed

Bath 0

Bath

SqFt4,274

Sqft

Acres0.17

Acre(Lot)

H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 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 $84,205, representing approximately a 6.4% cap 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 s ets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $1,310,000

AD Id : 88411090

MLS Id : 2801616

Lot Size : 0.17 Acre

Living Area Size : 4,274

Year Built : 1963

County : Clark

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Flooring Information

    Other
  • Roofing Information

    Tile
  • Interior Features

    Roof: Tile Laundry Features: Common Area, Laundry Room
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1963 Building Area Total: 4274 Construction Materials: Block Stories: 2 Private Pool: No
  • Exterior Features

    Exterior Features: Balcony

  • Lot Information

    Main Square Feet: 0.17 Acres Lot Size Acres: 0.17 Lot Size Square Feet: 7405

    Property Information

    Subdivision: Maryland Gardens Source Property Type: Residential Property SubType: Multi Family Levels: Two Property Age: 63

  • Listing Price Information

    Listing Price: $1310000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 162-15-511-009 Annual Tax: $2015

  • Homeowners Association Information
    Association Amenities: Pool

  • Location Information

    Direction: FROM MARYLAND PRKW, EAST ON DESERT INN, RIGHT ON 1ST STREET-SIERRA VISTA, 1153 WILL BE ON THE LEFT JUST ACCROSS FROM WELLS FARGO BANK WaterSource: Public
Sell a home like this and save $78,101 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

The data relating to real estate for sale on this website comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. GLVAR deems information reliable but not guaranteed. Copyright © 2026 of the Greater Las Vegas Association of REALTORS® MLS. All Rights Reserved.

ByOwner last updated this listing 07/26/2026 @ 12:03

MLS: 2801616 LISTED BY: Mark Anthony Posner, Signature Real Estate Group 702-799-9598 SOURCE: Las Vegas REALTORS

Homes around $1,310,000

Selling? Save $78,101 when you sell a home like this

Tour with a ByOwner Agent