Street-front exterior of 205 South 10th Street
Downtown Las Vegas Multifamily | Offered by Simply Vegas Commercial

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%

Overview

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.

01

100% Occupied & Stabilized

In-place income from day one.

02

$6,550/Month Gross Rents

$78,600 annual gross scheduled income.

03

Attractive Basis

$895,000, which is $111,875 per unit.

04

Efficient Unit Mix

7 studios + 1 two-bedroom/1-bath, which suits downtown's walk-to-everything renters.

05

Walker's Paradise Location

9.3/10 walk score and 6.3/10 transit (Redfin / Local Logic).

06

In the Path of Growth

Close to Fremont East and the City's 11-acre Downtown Core Assemblage.

07

Long-Term Hold

Two buildings on a 50' x 140' lot in the Las Vegas City Redevelopment district.

Walk Everywhere. Watch Downtown Grow Around You.

Very walkable, minutes from Fremont East, and in the path of the City's downtown core assemblage.

Fremont EastMinutes away
Downtown Core Assemblage (LV Blvd & Stewart)~11 acres
1801 Fremont St (proposed 71-unit)New housing
Foundry Square Lofts (Fremont & Charleston)79 homes

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).

The Vault

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Rent RollT-12 Operating Statement
Confidentiality Agreement

All materials and information received or derived from Simply Vegas Commercial, its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party's intended use or any and all other matters. Neither Simply Vegas Commercial, its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party's active conduct of its own due diligence to determine these and other matters of significance to such party. Simply Vegas Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Simply Vegas Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Simply Vegas Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Simply Vegas Commercial in compliance with all applicable fair housing and equal opportunity laws.

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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

725-227-7100 Brochure

Business contact only.

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