Las Vegas Multi-Family Properties For Sale

While there are many opportunities for Las Vegas real estate investors in the Multi-Family market, first-time homebuyers can also take advantage of the affordable home prices by securing a low downpayment mortgage on a 2-4 unit complex.

Obviously, check with your trusted mortgage advisor about the qualifying guidelines first, but one of our local lending professionals mentioned to me this week that he still has FHA programs available with as little as 3.5% down on housing complexes up to 4 units.

The main requirement is that the borrower lives in one of the units as their primary residence.

And with multi-family properties ranging in price from below $100,000 to $450,000 in Clark County, the potential rental income possibilites for both investors and primary buyers might make sense.

I asked for a quick quote from our property management division on a 2 bedroom unit in a 4-plex, and was told that rental rates could range from $600-$800 per month.

Basically, if a buyer lived in one of the units and rented out the other three, depending on the loan amount and interest rate, the homeowner might find themselves in a situation where most or all of their monthly mortgage payment was covered by the other tenants’ rents.

However, there are a few issues to discuss with your agent and mortgage professional:

  • HOA dues and budgets
  • Qualifying based on rental income
  • The length of time the borrower has to occupy the property as their primary residence
  • Hire a property manager or handle the tenant leasing responsibilities yourself
  • Monthly budget needed for maintenance

There are probably another 12-15 questions I could come up with, which is why it’s important to work with an agent and loan officer that has experience dealing with multi-family properties in the Las Vegas or Henderson areas.

While the “primary residence” angle on a multi-family unit is not necessarily something that most of our real estate clients would consider since there are single family properties at such low prices right now, it does fill a special need for buyers who can qualify for a mortgage but would prefer to rent a condo.

The following map highlights all of the available multi-family properties for sale in Las Vegas and Henderson:

  1. 0 beds, 0 bath
    Home size: 3,300 sq ft
    Lot size: 8,276 sqft
    Year built: 1981
    Days on market: 2
  2. 0 beds, 0 bath
    Lot size: 14,810 sqft
    Year built: 2005
    Days on market: 2
  3. 0 beds, 0 bath
    Home size: 1,056 sq ft
    Lot size: 7,840 sqft
    Year built: 1952
    Days on market: 3
  4. 0 beds, 0 bath
    Home size: 3,112 sq ft
    Lot size: 1,742 sqft
    Year built: 1984
    Days on market: 5
  5. 0 beds, 0 bath
    Home size: 3,952 sq ft
    Lot size: 7,405 sqft
    Year built: 1986
    Days on market: 7
  6. 0 beds, 0 bath
    Home size: 3,834 sq ft
    Lot size: 7,840 sqft
    Year built: 1984
    Days on market: 7
  7. 0 beds, 0 bath
    Home size: 3,834 sq ft
    Lot size: 7,840 sqft
    Year built: 1984
    Days on market: 7
  8. 0 beds, 0 bath
    Home size: 670 sq ft
    Lot size: 15,245 sqft
    Year built: 1951
    Days on market: 7
  9. 0 beds, 0 bath
    Home size: 3,488 sq ft
    Lot size: 9,147 sqft
    Year built: 1985
    Days on market: 8
  10. 0 beds, 0 bath
    Home size: 1,326 sq ft
    Year built: 1977
    Days on market: 8
  11. 0 beds, 0 bath
    Home size: 3,528 sq ft
    Lot size: 7,405 sqft
    Year built: 1963
    Days on market: 9
  12. 0 beds, 0 bath
    Home size: 3,420 sq ft
    Lot size: 8,276 sqft
    Year built: 1981
    Days on market: 9
  13. 0 beds, 0 bath
    Home size: 2,169 sq ft
    Year built: 1995
    Days on market: 9
  14. 0 beds, 0 bath
    Year built: 1990
    Days on market: 12
  15. 0 beds, 0 bath
    Lot size: 8,276 sqft
    Year built: 1963
    Days on market: 13
  16. 0 beds, 0 bath
    Home size: 1,344 sq ft
    Lot size: 6,098 sqft
    Year built: 1963
    Days on market: 14
  17. 0 beds, 0 bath
    Home size: 1,646 sq ft
    Lot size: 6,969 sqft
    Year built: 1954
    Days on market: 14
  18. 0 beds, 0 bath
    Home size: 1,646 sq ft
    Lot size: 6,969 sqft
    Year built: 1954
    Days on market: 14
  19. 0 beds, 0 bath
    Home size: 1,260 sq ft
    Lot size: 7,840 sqft
    Year built: 1955
    Days on market: 15
  20. 0 beds, 0 bath
    Year built: 2008
    Days on market: 16
  21. 0 beds, 0 bath
    Home size: 8,502 sq ft
    Lot size: 22,694 sqft
    Year built: 2003
    Days on market: 17
  22. 0 beds, 0 bath
    Home size: 2,064 sq ft
    Lot size: 6,969 sqft
    Year built: 1950
    Days on market: 17
  23. 0 beds, 0 bath
    Home size: 1,760 sq ft
    Lot size: 4,791 sqft
    Year built: 1964
    Days on market: 18
  24. 0 beds, 0 bath
    Home size: 3,432 sq ft
    Year built: 1995
    Days on market: 23
  25. 0 beds, 0 bath
    Home size: 3,672 sq ft
    Lot size: 2,178 sqft
    Year built: 1984
    Days on market: 23

See all Las Vegas Multi-Family Property Listings.
(all data current as of 10/19/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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