Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas’s most stable rental corridors.
Closed
$795,000
1920 Lirio Way, Las Vegas, NV 89108
8beds
4baths
3,892sqft
Quadruplex, Multi Family, Multi Family
Built in 1984
-- sqft lot
$794,700 Zestimate®
$204/sqft
$1,583 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 12, 2025 at 12:19pm
Listed by:
Catherine Hyde S.0070366 (702)408-2289,
Simply Vegas
Bought with:
Catherine Hyde, S.0070366
Simply Vegas
Source: LVR,MLS#: 2692240
Originating MLS: Greater Las Vegas Association of Realtors Inc

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Gas
Cooling
- Central Air
Appliances
- Included: Oven, Range, Refrigerator
- Laundry: Laundry Room
Features
- Storage
- Flooring: Tile
Interior area
- Total structure area: 3,892
- Total interior livable area: 3,892 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Parcel number: 13823710005
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Flat
Condition
- Resale,Very Good Condition
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Las Vegas
- Subdivision: Sierra Oeste
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Services availability
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Estimated market value
$794,700