Three active listings on the market right now — fourplex to 100-unit community. Plus off-market inventory available exclusively to registered buyers. Cap rates 5.0–8.5%. Zero Nevada income tax.
📍 All six Las Vegas submarkets💰 5.0–8.5% cap rates🔄 1031 exchange specialist🔒 Off-market access🇨🇦 International buyers welcome
$699K
Entry from
$17M
Up to
8.5%
Max cap rate
0%
NV income tax
30+
Yrs experience
MF cap rate avg
5.4%
▼ 0.2% from Q4
Avg price / unit
$148K
▲ +8% YOY
Pop growth YOY
2.8%
Top 5 US metro
NV income tax
0%
vs CA 13.3%
Vacancy rate
4.9%
▼ 0.3% QOQ
Avg rent 2BR
$1,780
▲ +5% YOY
NLV new investment
$157M
▲ May 2026
Rent gap NLV
$245/unit
▲ Hidden value
MF cap rate avg
5.4%
▼ 0.2% from Q4
Avg price / unit
$148K
▲ +8% YOY
Pop growth YOY
2.8%
Top 5 US metro
NV income tax
0%
vs CA 13.3%
Vacancy rate
4.9%
▼ 0.3% QOQ
Avg rent 2BR
$1,780
▲ +5% YOY
NLV new investment
$157M
▲ May 2026
Rent gap NLV
$245/unit
▲ Hidden value
✦ Current inventory · 3 active listings
Properties available now
Jason currently represents three Las Vegas multifamily properties — a fourplex entry point, a mid-market apartment building, and a 100-unit community. Request full financials via the unlock forms below. Off-market opportunities are shared exclusively with registered buyers.
Fourplex · No HOA · East Las Vegas
Investment Fourplex — Las Vegas $699,950
4 units
Unit count
$700K
List price
Below mkt
Current rents
Fully rented fourplex with significant value-add opportunity. Current rents are substantially below market — presenting an immediate rent gap opportunity for a buyer who understands how to close the gap at turnover. No HOA restrictions. Ideal entry-level 1031 exchange replacement property or first commercial real estate acquisition for an owner-operator. East Las Vegas location with strong workforce rental demand.
Why this property:Buy at below-market rents, close the rent gap at turnover, exit at a compressed cap rate. Classic Las Vegas value-add playbook at accessible entry price.
Unlock full financials
✓ Sent — Jason will follow up within 24 hours with full financials and rent roll.
Apartment Building · 41 Units · Las Vegas
41-Unit Apartment Building $5,150,000
41 units
Unit count
7.41%
Cap rate
$125,610
Price / unit
A mid-market apartment building with a 7.41% cap rate — well above the Las Vegas metro average of 5.4%. Pool on site. Priced at $125,610 per unit versus a metro average of $148,000 per unit, meaning a buyer is acquiring at a meaningful discount to replacement cost. This property generates real cash flow from day one and is suitable for 1031 exchange replacement. Strong in-place income with further upside.
Why this property:Day-one cash flow at 7.41% cap rate with pool amenity, below metro price per unit, and strong workforce rental demand. A legitimate income property for an operator focused on yield.
Unlock full financials
✓ Sent — Jason will follow up within 24 hours with full financials and rent roll.
100 Units · Near Nellis AFB · Condo-Style1031 Eligible
Terravita — 100-Unit Community $17,000,000
100 units
Unit count
$170K
Price / unit
6 plans
Floor plans
Terravita is a 100-unit condo-style community near Nellis Air Force Base — one of the most stable workforce housing corridors in Las Vegas. Six distinct floor plans serve a diverse renter base. Condo-style construction means individual unit ownership with potential for future condo conversion as an exit strategy. 1031 exchange eligible and ideally sized for institutional or family office buyers seeking scale in the Las Vegas market.
Why this property:Military corridor stability, condo conversion optionality as an exit, scale at $170K per unit, and 1031 exchange eligibility make this a rare institutional-quality Las Vegas multifamily opportunity.
Unlock full financials
✓ Sent — Jason will follow up within 24 hours with full financials and rent roll.
✦ Off-market pipeline · Coming soon
Coming soon — not publicly listed
These properties are in Jason's off-market pipeline — not listed anywhere publicly. Registered buyers get first access before anything is listed on LoopNet, CoStar, or any public platform.
Henderson — Class B Apartment Complex
Henderson NV · Est. 18–24 units · $3M–$4M range · 5.8–6.5% cap rate
Henderson corridorPool + laundryOff-market only
✓ Registered — you'll hear from Jason first.
North Las Vegas — Value-Add Portfolio
North Las Vegas · Est. 30–50 units · $4M–$6M range · 7.5–8.0% cap rate
Apex Industrial corridor$245/unit rent gapOff-market only
✓ Registered — you'll hear from Jason first.
Summerlin — Stabilised Asset, Low Vacancy
Summerlin NW Las Vegas · Est. 10–15 units · $2M–$3M range · 5.0–5.5% cap rate
3.5% vacancy submarketPremium tenantsOff-market only
✓ Registered — you'll hear from Jason first.
✦ Buyer protection · Due diligence guide
What to watch out for when buying Las Vegas multifamily
Thirty years of Las Vegas multifamily transactions teaches you what goes wrong. Here is what every buyer should scrutinise before signing — the issues that can turn a profitable investment into an expensive lesson.
The honest truth: Most buyers who overpay or get burned do so not because of bad negotiation — but because of poor due diligence. These are the specific areas where Las Vegas multifamily transactions most commonly reveal problems.
📄
Rent rolls — verify every number
Request a 12-month rent roll — not just the current month. Look for units that have been vacant for 60+ days (often excluded from marketing). Confirm rent figures against actual bank statements, not seller-provided numbers. In value-add properties, below-market rents should be calculated at realistic achievable market rent — not aspirational figures.
🏗️
Physical inspection — deferred maintenance
Las Vegas heat is brutal on roofing, HVAC systems, and exterior paint. Get a full property inspection by a licensed inspector who specialises in multifamily — not residential. Budget reserve for HVAC replacement ($3,000–$8,000 per unit), roof replacement ($8–$15 per sq ft), and plumbing if the building is pre-1990. These costs should be reflected in your purchase price.
📊
Operating expenses — seller numbers are optimistic
Sellers consistently understate expenses — especially management fees, maintenance, and vacancy allowances. Build your own pro forma using a management fee of 8–10%, vacancy of 5–7% (even in strong submarkets), and realistic maintenance of $800–$1,200 per unit per year. If the cap rate disappears when you apply real expenses — renegotiate or walk away.
📋
Leases — who actually has a lease?
Request executed leases for every occupied unit. Look for month-to-month tenants who may leave immediately after you close. Check for unusually long leases at below-market rates that lock you in. Verify security deposit totals — these transfer to you at close and must match what is owed to tenants.
🔍
Title search — liens and encumbrances
A thorough title search is non-negotiable. Mechanic's liens from unpaid contractors, HOA delinquencies, and judgment liens can all transfer with the property if not caught. Use a reputable Las Vegas title company — Jason works with First American Title who specialises in multifamily and 1031 exchange transactions. Never waive title insurance.
💧
Utilities — who pays what?
Understand the utility structure completely. Owner-paid utilities dramatically affect NOI calculations. In Las Vegas, electricity for cooling can run $150–$250 per unit per month in summer. If the seller pays utilities on a 40-unit building, that is $80,000–$120,000 in annual expense that needs to be properly modelled. Many properties are being converted to tenant-paid utilities — this is an upside if correctly underwritten.
✅
Environmental — Phase I before close
Order a Phase I Environmental Site Assessment for any commercial property. Las Vegas has a history of industrial and agricultural use on land that is now residential. Phase I costs $1,500–$3,000 and can save you from inheriting environmental remediation liability worth hundreds of thousands. Required by most lenders anyway — order it early.
🏦
Financing — lock your rate early
Rate lock timing matters. Get a soft commitment from your lender before opening escrow — not after inspection. In a rising rate environment, 30 days of rate movement can shift your debt service coverage ratio from passing to failing. Jason works with multifamily-specialist lenders who understand Las Vegas submarket dynamics and can close on tight exchange timelines.
Jason's rule: If a property doesn't cash flow at 7% vacancy, real management fees, and current interest rates — it doesn't cash flow. Build your numbers conservatively and let the upside be upside, not the plan.
✦ The investment case
Why Las Vegas multifamily in 2026
Las Vegas is not a speculative market. It is one of the most fundamentally sound multifamily investment markets in the United States — driven by structural population growth, corporate relocation, zero state income tax, and cap rates that California investors cannot find at home.
The California arithmetic: Los Angeles multifamily at 3.5% cap rate with 13.3% state income tax on rental income. Las Vegas multifamily at 5.4–8.5% cap rate with 0% state income tax. The same $3M equity. Three hundred thousand dollars more per year in after-tax income in Nevada. That is not a small difference — that is a different investment entirely.
Metric
Las Vegas · Nevada
Los Angeles · California
Cap rate available
5.4–8.5%
3.5–4.5%
State income tax
0%
13.3%
Avg price per unit
$108K–$165K
$300K–$500K+
Population growth YOY
+2.8%
-0.3%
Metro vacancy rate
4.9%
5.5–6.5%
Employer growth
Strong — diversified
Contracting
After-tax yield edge
+3 full points
Baseline
✦ Who Jason works with
Which type of buyer are you?
🏛️
California 1031 exchange investor
Selling appreciated California real estate and reinvesting into Nevada. Jason managed 8 simultaneous 1031 closings for a single Newport Beach investor. This is his deepest expertise.
💰
Cash buyer seeking yield
Deploying capital directly into Las Vegas multifamily at 5.4–8.5% cap rates. No exchange complexity — direct acquisition of cash-flowing assets.
🔧
Value-add operator
Targeting older North Las Vegas or East Las Vegas stock with significant rent gaps. Buy at 7–8.5% cap, close the rent gap at turnover, sell stabilised.
🌏
International or out-of-state buyer
Canadian investors, international buyers, out-of-state operators acquiring Las Vegas remotely. Jason manages the entire process without requiring you to be present.
✦ The process
How buying through Jason works
1
Register your buyer criteria
Tell Jason your budget, unit count, submarket, purchase type, and timeline. Five minutes. Completely confidential.
2
Jason reviews against current inventory — personally
Not an algorithm. Not a junior assistant. Jason reads every registration and cross-references it against listed and off-market properties before he calls you.
3
He calls you within 24 hours
Direct call from Jason. He will have already identified properties matching your criteria and have the financials ready before the conversation starts.
4
Access listed and off-market inventory
Registered buyers see what LoopNet buyers don't. Jason's three Canadian investor fourplexes — all sold above market — never had a public listing.
5
Jason manages everything through to closing
Inspection negotiations, seller communications, exchange timelines, lender coordination. Whatever complexity your transaction involves — he has handled it before.
🔔
Register as a qualified buyer
Tell Jason your criteria — get matched to deals before they reach the market.
✅
You're registered
Jason personally reviews every buyer registration and cross-references it against current and off-market inventory. He will call you directly — usually within the same day. You're in good hands.
What multifamily properties are available in Las Vegas right now?
Jason currently has three listings: a fully-rented Las Vegas fourplex at $699,950 with below-market rents; a 41-unit apartment building at $5,150,000 with a 7.41% cap rate and pool; and Terravita — a 100-unit condo-style community near Nellis AFB at $17,000,000, 1031 exchange eligible. Off-market inventory is available to registered buyers.
Can I do a 1031 exchange into Las Vegas multifamily?
Yes — Jason's deepest area of buyer expertise. He managed 8 simultaneous closings for a Newport Beach investor in a single 1031 exchange. You have 45 days from your sale close to identify replacement properties and 180 days to complete the exchange. Jason works with First American Title's exchange team and can identify suitable Las Vegas replacement properties fast — even on tight timelines.
What due diligence should I do before buying?
The critical items: verify the rent roll against bank statements (not seller-provided numbers); commission a full physical inspection by a multifamily specialist; build your own operating expense pro forma using real management fees, vacancy, and maintenance costs; order a Phase I Environmental assessment; review all executed leases; and conduct a full title search. Jason will walk through all of these with you for any property you are seriously considering.
Can I buy Las Vegas multifamily as an out-of-state or international buyer?
Yes — a significant portion of Jason's buyer base is out-of-state or international. He has represented Canadian investors, California-based investors, and buyers from multiple countries. Jason manages inspections, negotiations, lender coordination, and closings entirely — without requiring you to be physically present in Las Vegas.
What is the minimum investment to buy Las Vegas multifamily?
Entry-level Las Vegas multifamily starts at approximately $699,950 for a fully-rented fourplex. Mid-market assets (15–50 units) typically range from $2M to $6M. Larger communities (50–100+ units) trade from $7M upward. The metro average price per unit is $148,000 — significantly below Los Angeles at $300,000+ per unit.
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Jason's AI Assistant
Online now · Las Vegas CRE
✅
You're in — Jason will call you!
📋 Step 1 — Jason personally reviews your details
📞 Step 2 — He calls you within 24 hrs, usually same day
