5238 Garden Lane
Las Vegas, NV 89119
- – beds
- – baths
- 3,648 sqft
- 4,792 sqft lot
- $175 per sqft
- 1977 build
- – on site
This centrally located four-plex offers an excellent investment opportunity in the heart of Las Vegas, just minutes from UNLV, the Strip, shopping, dining, and schools. The property features four fully rented units in good condition with long-term tenants: Unit A: 2-bed, 1-bath, rent $1,100. Unit B: 1-bed, 1-bath, rent $945. Unit C: 3-bed, 1-bath, rent $1,245. Unit D: 2-bed, 1-bath, rent $1,095 After March 2025, leases will convert to Month-to-Month, offering the potential for rent increases. The complex also includes a community pool, and the HOA covers water and trash. This property offers stable income with strong tenant history and is a great opportunity for long-term growth in a prime Las Vegas location. After March 2025, all leases will convert to Month-to-Month agreements, providing flexibility for potential rent increases and future leasing opportunities.
Last checked:
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Last updated Jan 8, 2025
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MLS# 2644176 —
The Building
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Year Built:1977
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Built Description:RESALE
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Construction Description:Stucco
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Building:Fourplex
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# of Buildings:1
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# of Units:4 - Fourplex
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Units:4
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Roof:Composition Shingle
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Floors:2
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Approx Total Living Area:3,648 Sqft
Interior
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Furniture Included:No
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Flooring:Carpeting, Tile
Financial & Terms
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Short Sale:No
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Foreclosure Commenced:No
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Repo Reo:No
Location
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Directions:From Tropicana and Maryland Pkwy, head S on Maryland Pkwy to Parkway Villas. Through gate and then turn left on Garden Ln.
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Township:21
The Property
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Property Type:Multiple Dwelling
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Property Condition:Good
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Total SqFt:3,648 Sqft
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# of Acres:0.1100
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Parcel Number:162-27-616-014
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Lot SqFt:4,792 Sqft
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Price Per Acre:5818182
Listing Agent
- Contact info:
- Agent phone:
- (702) 755-6957
- Office phone:
- (702) 749-0555
Taxes
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Annual Property Taxes:$1,749
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Other Encumbrance Desc:None
The Listing
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Section:27
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Listing Agreement Type:Active-Exclusive Right
Heating & Cooling
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Cooling:Central
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Heating:Central
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Heating Fuel:Electric
Utilities
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Utilities Included:Water
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Separate Meter:Electric
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Sewer:Public
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Water:Public
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Internet:1
Appliances
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Appliances:Dishwasher, Dryer, Garbage Disposal, Washer, Washer & Dryer Hookup
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Range:61
The Community
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Subdivision Name:Century Gardens Sub 2nd
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Amenities:Ceiling Fan, Private Patios, Tenant Storage
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Amenities:Complex Perimeter Wall, Security Guard/Gate, Swimming Pool
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HOA Fees:$810
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Total Monthly HOA:810.00
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Association Fee:Yes
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Association Fee 1:Monthly
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/6/25
Jan 6, 2025
|
Listed / Active | GLVAR | $640,000 | 4.9% (2.1% / YR) |
|
8/26/22
Aug 26, 2022
|
GLVAR | $610,000 | -1.6% | |
|
8/23/22
Aug 23, 2022
|
GLVAR | $620,000 |
