522 N Lamb Blvd - Apartments FOR SALE


Las Vegas, NV 89110- East Las Vegas | 
$8,650,000 USD
949-230-8342
522 N Lamb Blvd, Las Vegas, NV for Sale
$8,650,000 USD
Apartments - FOR SALE
1/20
null | 6.16% Cap Rate

522 N Lamb Blvd
Las Vegas, NV 89110
East Las Vegas


HIGHLIGHTS

  • Balanced Mix: A diverse mix of one-, two-, and three-bedroom floor plans supports demand across multiple household types.
  • Lifestyle Amenities: A pool, spa, fitness center, clubhouse, and outdoor gathering areas provide residents with a comprehensive amenity package.
  • Evolving Corridor: Saratoga Palms is positioned near the planned Desert Pines Redevelopment within an evolving East Las Vegas corridor.
  • Strategic Access: Prominent frontage along North Lamb Boulevard near Bonanza Road provides convenient access to surrounding employment, retail, and da

OVERVIEW

The Holden Group at Marcus & Millichap, as the exclusive listing group, 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-family investors seeking a professionally positioned Las Vegas asset. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent for a copy of the Offering Memorandum.*

FOR SALE DETAILS

PRICE

$8,650,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

56

PRICE/UNIT

$154,464

CAP RATE

6.16%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Saratoga Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

R-PD21, Las Vegas

APN/PARCEL ID

140-32-103-001

ASK ABOUT THIS PROPERTY

Drew HoldenMarcus & MillichapMore Info
949-230-8342

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Drew HoldenMarcus & MillichapMore Info
949-230-8342

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