Multi Family Homes in Las Vegas, NV
Las Vegas multi family homes for sale, including duplexes, triplexes and 4 unit properties. Multi-family homes in Las Vegas offer investors the chance for cash flow, appreciation and the ability to live in one unit and rent out the others to help cover the mortgage. Residential multi-unit homes consist of duplexes, triplexes and 4-unit properties.
Browse multi-family real estate and homes for sale in Las Vegas, NV on this page or to schedule a home showing, contact us today. If you haven't already, be sure to register for a free account so that you can receive email alerts whenever new Las Vegas multi-family real estate listings come on the market.
Benefits of Investing in Las Vegas Multi-Unit Properties
Thinking about investing in Las Vegas multifamily homes for sale in Las Vegas? There are several reasons why people like to purchase multi-unit properties such as duplexes, triplexes or 4-units:
- Passive Income
- Have Someone Else Pay Down Your Debt
- Potential Asset Appreciation
- Nevada Tax Benefits & Write-offs
Types of Residential Multi-Family Properties
Here we'll be covering the types of residential multi-family real estate, which are buildings with 2, 3 or 4 units. Anything over 5 units is considered commercial real estate.
Las Vegas Duplexes
Duplexes are a multi-unit property with two units available to rent out. Las Vegas duplex homes for sale may start around $400,000, but price can vary significantly depending on the size of the units and location.
Duplex homes in Las Vegas are great for those who wish to live in one unit and rent out the other to help cover some or all of the mortgage. One drawback of being an owner/occupier of a duplex is that if you're tenant moves out, you could be stuck paying all of the mortgage until you find another person to rent the unit.
Traditional investors benefit from having two tenants under one roof, which eliminates some property management work compared to having two single family homes. One thing to keep in mind is that with only two doors to rent out, should one tenant move out you're now at only 50% occupancy and one tenant away from being at 0%. As with any investment, there's always risk to consider.
Las Vegas Triplexes
Triplexes feature three units under one roof and like any residential multi-unit properties, create the possibility of owner/occupier or renting out all the units to tenants. Because there's an extra unit, triplex homes in Las Vegas may cost a bit more than duplexes. However, that's not always true, as it depends on size, location and cap rate.
Las Vegas Fourplexes
Fourplexes in Las Vegas are also called "quadplexes" or simply 4-unit apartment buildings. This type of multi-family property has the highest amount of units to still be considered "residential" real estate vs commercial, which starts at 5-units. With a 4-unit apartment building in Las Vegas you can still qualify for a traditional mortgage instead of having to qualify for commercial real estate debt.
Las Vegas Multi Family Real Estate
Looking to buy or sell multi-family homes in Las Vegas? Work with a local Las Vegas real estate agent who has up-to-date information and knowledge of the real estate market. Contact us today or text us at (702) 718-3878 to get started looking at Las Vegas multi family homes for sale and real estate.