833 Bruce St - Updated Income-Producing Fourplex Near DTLV
Fully remodeled fourplex in Las Vegas, Nevada, offered at $599,999 on a 7.84% cap rate. The four-unit multifamily asset, built in 1963 and extensively renovated in 2018, sits minutes from Downtown Las Vegas and features a mix of one- and two-bedroom units with new flooring, appliances, water heaters, and refreshed interiors. Each unit includes central HVAC and separate electric metering to reduce owner expenses and streamline operations.
The 3,082 SF building occupies a 6,970 SF fenced lot with private outdoor areas and four off-street parking spaces on N Bruce St. The property is stabilized with in-place income and minimal deferred maintenance. Strong rental demand in the surrounding corridor supports the potential to achieve an 8.16% pro-forma cap rate through strategic rent increases. Fee simple ownership and the property's proximity to public transportation, the airport, and metro access make it well suited for both local and out-of-state investors seeking reliable cash flow and long-term appreciation.
- Fully remodeled in 2018 with new flooring, appliances, and water heaters
- Four units (mix of one- and two-bedroom) with separate electric metering
- Minutes from Downtown Las Vegas with strong rental demand
- Fenced lot with private outdoor areas and off-street parking
- Pro-forma 8.16% cap rate potential through rent optimization
More property details
Features & amenities
Location
This fully remodeled fourplex offers a strong investment opportunity just minutes from Downtown Las Vegas, featuring a mix of one- and two-bedroom units that were extensively upgraded in 2018 with new flooring, appliances, water heaters, and refreshed interiors. Each unit includes central HVAC and separate electric metering, helping reduce owner expenses and streamline operations. Situated on a fenced lot with private outdoor areas and off-street parking, the property provides stable in-place income with minimal deferred maintenance. With strong demand in the surrounding rental corridor and the potential to achieve an 8.16% pro-forma CAP rate through strategic rent increases, this asset is well suited for both local and out-of-state investors seeking reliable cash flow and long-term upside.