
Own a Stabilized Piece of Downtown's Next Chapter.
205 South 10th Street is an 8-unit, 100% occupied downtown property a few blocks from Fremont East. It is a hold-and-grow asset in the path of downtown growth.
Asking Price
$895,000
Units
8
Occupancy
100%
Building SF
~3,000
Financial Snapshot
Full underwriting is shown above. The rent roll and T-12 operating statement are available in the Deal Vault.
Asking Price
$895,000
Units
8
7 studios + 1 2BR/1BA
Occupancy
100%
Building Size
~3,000 SF
Price / Unit
$111,875
Monthly Gross Rents
$6,550
Pro Forma GPR
$78,600
Annual
Pro Forma NOI
$55,852
Pro Forma Cap Rate
6.24%
Stabilized Today. Positioned for Tomorrow.
Some properties ask you to bet on a turnaround. This one is already working. 205 South 10th Street is 100% occupied and stabilized, with $6,550 in monthly gross rents ($78,600 gross scheduled income per year). The unit mix is 7 studios plus 1 two-bedroom/1-bath apartment, in two buildings on a 0.16-acre lot (about 6,970 SF).
It sits on a walkable downtown block in the City's redevelopment tax district (district 203). Surrounding blocks are seeing new housing and a major City-led mixed-use initiative. That combination of in-place income and a strong neighborhood story is what a long-term holder looks for.
Investment Highlights
An 8-unit, 100% occupied downtown multifamily asset in the path of growth.
100% Occupied & Stabilized
In-place income from day one.
$6,550/Month Gross Rents
$78,600 annual gross scheduled income.
Attractive Basis
$895,000, which is $111,875 per unit.
Efficient Unit Mix
7 studios + 1 two-bedroom/1-bath, which suits downtown's walk-to-everything renters.
Walker's Paradise Location
9.3/10 walk score and 6.3/10 transit (Redfin / Local Logic).
In the Path of Growth
Close to Fremont East and the City's 11-acre Downtown Core Assemblage.
Long-Term Hold
Two buildings on a 50' x 140' lot in the Las Vegas City Redevelopment district.
Gallery
Drone, exterior and finished-unit photography. Click any photo to enlarge.
25 photos
Walk Everywhere. Watch Downtown Grow Around You.
Very walkable, minutes from Fremont East, and in the path of the City's downtown core assemblage.
9.3/10
Walk Score
6.3/10
Transit Score
26M+
Downtown Visitors / Yr
Very walkable: walk score 9.3/10 and transit 6.3/10 (Redfin / Local Logic).
Fremont East, minutes away: one of the region's most active food, beverage and entertainment corridors. Downtown draws more than 26 million visitors a year (City of Las Vegas RFP).
Downtown Core Assemblage: the City is seeking a developer for about 11 acres at Las Vegas Blvd & Stewart Ave, planned as a mixed-use district with residential, hospitality, retail, office, sports and green space. Proposals are due Dec 16, 2026 (City RFP; FOX5, Jul 21 2026).
New housing momentum: a 71-unit, 7-story apartment building is proposed at 1801 Fremont St (NVBEX, Jul 14 2026). Foundry Square Lofts plans 79 homes at Fremont & Charleston (Las Vegas Review-Journal, Mar 2026).
Access the offering documents
Sign the access agreement to unlock the confidential 205 South 10th Street package — rent roll and T-12 operating statement.
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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