2252 Ellis St - Apartments FOR SALE


North Las Vegas, NV 89030- Downtown North Las Vegas
$659,888 USD
702-408-2289
2252 Ellis St, North Las Vegas, NV for Sale
$659,888 USD
Apartments - FOR SALE
1/13
null | 6.21% Cap Rate

2252 Ellis St
North Las Vegas, NV 89030
Downtown North Las Vegas


HIGHLIGHTS

  • Strong returns with an actual cap rate of 6.21% and pro forma of 8.57%.
  • Four spacious 2-bedroom, 1-bath units with great curb appeal, fenced yard, and on-site parking.
  • Recent capital improvements include a new roof (2020), water heater (2023), gas line replacement (2024), and owned washer/dryer (2025).
  • Upgraded interiors featuring remodeled kitchens, updated plumbing, and regularly serviced A/C units.
  • Private exterior storage for each unit plus a large shared storage building and community laundry room.
  • Excellent location near Carey Ave & Mojave Rd, close to the North Las Vegas Fire and Police Departments.

OVERVIEW

The Hyde Real Estate group is pleased to present a prime 4-unit investment opportunity at 2252 Ellis Street in North Las Vegas. Ideally located near the intersection of Carey Avenue and Mojave Road, this property sits in a convenient and well-established neighborhood, within walking distance to both the North Las Vegas Fire Department and Police Station, providing an added peace of mind for residents and investors alike. This well-maintained single-story fourplex features four spacious 2-bedroom, 1-bath units with excellent curb appeal, a fenced yard, and on-site parking. Offering an actual cap rate of 6.21% and a pro forma of 8.57%, it delivers a balance of immediate cash flow and long-term growth potential. Recent capital improvements include a new roof (2020, $27,000), 100-gallon water heater (2023, $5,200), gas line replacement (2024, $6,000), and an owned coin-operated washer/dryer (2025). Each unit features remodeled kitchens, upgraded plumbing, and regularly serviced A/C units. Residents enjoy private exterior storage, a large shared storage building, and a community laundry room. Double-pane windows enhance energy efficiency, and all tenants are current on rent. With one upcoming vacancy, this property offers both stable returns and value-add potential in a growing, secure North Las Vegas neighborhood.

FOR SALE DETAILS

PRICE

$659,888 USD

PRICE/SF

$219 USD /SF

# OF UNITS

4

PRICE/UNIT

$164,972

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2252 Ellis Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-3

APN/PARCEL ID

139-24-110-260

ASK ABOUT THIS PROPERTY

Catherine HydeHyde Real Estate Group at Simply VegasMore Info
702-408-2289

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Catherine HydeHyde Real Estate Group at Simply VegasMore Info
702-408-2289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.