
3017-3021E Carey Ave
Value-add 12-unit multifamily in North Las Vegas — two buildings on one R-4 parcel, offered at $890,000 ($74,167 per unit). 3017-3021 E Carey Ave, North Las Vegas, NV 89030.
Asking Price
$890,000
Units
12
Price / Unit
$74,167
Cap Rate
4.6% / 7.5%
Parcel
0.30 AC
Built
1978
Financial Snapshot
Full underwriting unlocks in the document vault.
Asking Price
$890,000
Price / Unit
$74,167
Price / SF
$177.72
Units
12
Cap Rate
4.6% / 7.5%
Pro Forma (Year 1 Stabilized)
Average Rent
$780
NOI
$41,170
Pro Forma (Year 1 Stabilized)
Operating Expenses
$49,771
Pro Forma (Year 1 Stabilized)
Gross Income
$90,941
Pro Forma (Year 1 Stabilized)
Value-add income in a North Las Vegas workforce-housing corridor.
A 12-unit offering — four studios and eight one-bedroom units across two 1978 two-story buildings on a single 0.30-acre R-4 parcel. Rents sit below comps, with clear upside in collections and expense savings.
Two Buildings, One Parcel
12 units in two two-story buildings on a single 0.30-acre R-4 parcel — both buildings sell together.
Upside in Collections
Economic occupancy is 80% on the T-12. The pro forma assumes 90%, adding about $14K of rent.
Expense Savings Identified
An insurance re-bid (~$6K/yr) and stabilized management and turnover (~$9K/yr).
North Las Vegas
Established workforce-housing corridor near NLV City Hall, CSN Cheyenne, and North Vista Hospital.
Gallery
Exterior and interior photography of 3017-3021 E Carey Ave. Click any photo to enlarge.
30 photos
Location
North Las Vegas workforce-housing corridor at E Carey Ave & Belmont St.
31,602
Population · 1 mi
9,099
Households · 1 mi
$1,163
Median gross rent · 1 mi
Source: U.S. Census ACS 2020–2024.
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Exclusively Represented By
Paul Macaluso
President of Multifamily Investments · Simply Vegas Commercial · NV #BS0145166.LLC
3042 S Durango Dr, Las Vegas, NV 89117
Paul Macaluso, President of Multifamily Investments, Simply Vegas Commercial
© 2026 Simply Vegas Commercial · Information deemed reliable but not guaranteed. Buyers should conduct their own independent investigation. Pro forma figures are projections. NV #BS0145166.LLC.