304 S Maryland Pky - Apartments FOR SALE


Las Vegas, NV 89101- Downtown Las Vegas
$1,699,999 USD
725-227-7100
304 S Maryland Pky, Las Vegas, NV for Sale
$1,699,999 USD
Apartments - FOR SALE
1/18
null | 7.22% Cap Rate

304 S Maryland Pky
Las Vegas, NV 89101
Downtown Las Vegas


HIGHLIGHTS

  • ? Brand-new construction
  • ? Priced below replacement cost
  • ? Motivated seller + price adjustment
  • ? Prime Downtown Las Vegas location

OVERVIEW

A Rare Chance to Own New Construction in the Heart of Downtown Las Vegas—Now with a Major Price Adjustment Every so often, a property hits the market that feels less like a listing and more like an opportunity—one of those “if you know, you know” moments that serious investors recognize instantly. This brand-new 12-unit multifamily building sits in the center of Prime Downtown Las Vegas, surrounded by growth, energy, and long-term demand. And now, after a recent $300,000 price adjustment, this asset just became one of the most compelling buys in the entire market. Built with today’s renter in mind, this newly completed building gives future ownership the comfort of knowing the heavy lifting is already done. No renovations. No deferred maintenance. No guessing about what might fail next year. Just clean, efficient operations for years to come. You couldn’t build this property today for anywhere near the asking price. Rising construction costs make this offering a uniquely rare chance to secure new construction for less than its rebuild value—creating immediate value and long-term insulation from inflation. With 12 efficiency studio units, this asset hits the sweet spot for affordability, convenience, and modern living—ideal for the workforce and young professionals who continue pouring into the Downtown corridor. To review complete financials, pro formas, and additional property information, visit the dedicated property website linked below. Or, to discuss this offering directly, call Paul Macaluso today for more details and to explore acquisition options.

FOR SALE DETAILS

PRICE

$1,699,999 USD

PRICE/SF

$207 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,667

CAP RATE

7.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Value LV Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R4

APN/PARCEL ID

139-34-712-133

ASK ABOUT THIS PROPERTY

Paul MacalusoSimply VegasMore Info
725-227-7100

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Paul MacalusoSimply VegasMore Info
725-227-7100

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