Description

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.

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Details

Year Built: 1984
County: Clark
City: Las Vegas
Zip: 89108
Neighborhood: Sierra Oeste
Elementary School: —
Middle School: —
High School: —
HOA: —
Garage: —
Levels: 2

Features

Pool: No
Fireplace: —
Appliances: Oven, Range, Refrigerator

Interior

Interior Features: Storage
Laundry: Laundry Room

Exterior

Roof: Flat

Utilities

Heating: Central, Gas
Cooling: Central Air
Sewer: Public Sewer
Water Source: Public

Price History

Date	Event	Price
Aug 11, 2025	Sold	$795,000
Jul 9, 2025	Under Contract	$799,999
Jun 16, 2025	Listed	$799,999

Market context

This home sold for $795,000 on August 11, 2025, 99.4% of its last list price of $799,999.

This home sold at $204 per sq ft; the median for active multi-family homes in ZIP 89108 is $207 (12 listings).

Figures are computed from MLS listings in our database as of October 19, 2026 (refreshed every 6 hours). Medians are shown only where at least 10 listings or sales are in the comparison.

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To see the property located at 1920 Lirio Way, Las Vegas, NV 89108 or any other home on this website please call 702-200-0019.

The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved. GLVAR deems information reliable but not guaranteed.

Listing #2692240 By Catherine Hyde (catherine@hyderealestate.com), Simply Vegas

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1920 Lirio Way, Las Vegas, NV 89108