1920 Lirio Way
Las Vegas, NV 89108
Map
- – beds
- – baths
- 3,892 sqft
- 6,970 sqft lot
- $205 per sqft
- 1984 build
- – on site
Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas’s most stable rental corridors.
Last checked:
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Last updated Jun 16, 2025
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MLS# 2692240 —
The Building
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Year Built:1984
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Construction Description:Stucco
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Built Description:RESALE
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Building:Fourplex
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# of Buildings:1
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# of Units:4 - Fourplex
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Units:4
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Roof:Flat
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Floors:2
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Approx Total Living Area:3,892 Sqft
Interior
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Furniture Included:No
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Flooring:Tile
Financial & Terms
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Short Sale:No
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Foreclosure Commenced:No
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Repo Reo:No
Location
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Directions:LAKE MEAD & RAINBOW, Take US-95 N to W Lake Mead Blvd in Las Vegas. Follow W Lake Mead Blvd to Lirio Way.
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Township:20
The Property
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Property Type:Multiple Dwelling
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Property Condition:Very Good
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Total SqFt:3,892 Sqft
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# of Acres:0.1600
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Parcel Number:138-23-710-005
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Lot SqFt:6,970 Sqft
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Lot Depth (ft):100
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Price Per Acre:4999994
Listing Agent
- Contact info:
- Agent phone:
- (702) 408-2289
- Office phone:
- (702) 568-6800
Taxes
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Annual Property Taxes:$2,797
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Other Encumbrance Desc:None
The Listing
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Section:23
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Listing Agreement Type:Active-Exclusive Right
Heating & Cooling
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Cooling:Central
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Heating:Central
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Heating Fuel:Gas
Utilities
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Separate Meter:Electric
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Sewer:Public
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Water:Public
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Internet:1
Appliances
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Appliances:Range/Oven, Refrigerator
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Range:60
The Community
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Subdivision Name:Sierra Oeste
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Amenities:Fireplace-Some Unit(S), Laundry Room, Tenant Storage
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Amenities:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/16/25
Jun 16, 2025
|
Listed / Active | GLVAR | $799,999 | 28.0% (8.8% / YR) |
|
4/10/23
Apr 10, 2023
|
Listed / Active | GLVAR | ||
|
4/14/22
Apr 14, 2022
|
GLVAR | $625,000 |
