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  • $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

    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.

    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#: 2692240MLS LogoOriginating 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
    Get a cash offer in 3 minutes

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    Estimated market value

    $794,700