521 Calcaterra Cir · Apartments for Rent

Welcome to a rare investment opportunity just steps from the vibrant energy of the Las Vegas Strip. Nestled at 521 Calcaterra Cir, this fully renovated 6-unit multifamily building offers modern living in a prime location. Built in 1963 and thoughtfully updated, the property features one- and two-bedroom units with contemporary finishes, new appliances, and a fully fenced courtyard. Property Highlights Address: 521 Calcaterra Cir, Las Vegas, NV 89119 Building Status: 6-unit multifamily low-rise, built in 1963. Unit Mix & Income Potential: Unit A - 2br/1bth; $1000/mth Unit B - 1br/1bth; $1150/mth Unit C - 1br/1bth; $950/mth Unit D - 2br/1bth; vacant Unit E - 1br/1bth; $1050/mth Unit F - 1br/1bth; vacant Estimated potential gross income: approx. $73,800/year. Recent Renovations: Each unit features new appliances, modern finishes and is part of a completely fenced courtyard community. Location Perks: Centrally located and close to the Las Vegas Strip offering strong rental demand and high visibility. Excellent walkability score for nearby shopping and restaurants. Land & Zoning: Lot size ~0.19 acres, building size ~4,308 sq ft. Zoning H-1 (County). Why This Property Stands Out Turn-key investment With updated units, minimal deferred maintenance and immediate income-potential, this is ideal for value-add or hold strategy. Proximity to Las Vegas Strip Being ~1 mile from the Strip means high tenant appeal, especially for working professionals or short-term leases (subject to zoning/HOA rules). Scalable model With 6 units, moderate scale gives strong cash-flow without the complexity of large apartment buildings. Courtyard & community feel Shared outdoor space adds appeal for tenants seeking upgraded lifestyle at a competitive rental rate.