304 Apartments
Exclusive Offering · Downtown Las Vegas

304Apartments

Brand-new Downtown Las Vegas multifamily — completed 2025, built to today’s building code, and offered below replacement cost. 304 S Maryland Pkwy, Las Vegas, NV 89101.

Asking Price

$1,699,999

Cap Rate

7.18%

Units

12

Financial Snapshot

Full underwriting unlocks in the document vault.

Asking Price

$1,699,999

Price / Unit

$141,667

Price / SF

$405

Units

12

Cap Rate

7.18%

Pro Forma (Year 1 Stabilized)

Average Rent

$948

NOI

$121,998

Pro Forma (Year 1 Stabilized)

Operating Expenses

$30,840

Pro Forma (Year 1 Stabilized)

Gross Income

$153,648

Pro Forma (Year 1 Stabilized)

Turnkey, new-build income in the path of Downtown growth.

A 4,200 SF garden-style low-rise with 12 meticulously designed efficiency units — brand-new construction completed 2025, built to today’s code, and offered below replacement cost.

01

Brand-New Construction

Completed 2025 with a Certificate of Occupancy in hand — brand-new systems, roof, and finishes, with no deferred maintenance to inherit.

02

Built to Today's Code

Engineered and permitted to current Las Vegas building code — modern construction throughout, not a value-add or rehab play.

03

Below Replacement Cost

Priced under what it would cost to rebuild today. Acquire brand-new, code-compliant product for less than ground-up construction would run.

04

Downtown Las Vegas

Maryland Pkwy corridor, minutes from UNLV, Fremont Street, and the Strip — a transit-rich, renter-dense location.

Location

Steps from Fremont East, the Arts District and Downtown's employment core.

Fremont Street Experience0.7 mi
Las Vegas City Hall0.7 mi
The Smith Center1.0 mi
Las Vegas Arts District (18b)1.1 mi
The STRAT1.6 mi
Springs Preserve3.1 mi
Straight-line distances from the property.

24,398

Population · 1 mi

11,991

Households · 1 mi

$57,448

Avg. HH income · 1 mi

Source: 2020 ACS via listing demographics.

The Vault

Sign the Confidentiality Agreement to unlock the full offering package.

304 Apartments is brand-new construction completed 2025, built to today's code, and offered below replacement cost — acquire brand-new, code-compliant product for less than today's cost to build. Full financials are part of the confidential offering package.

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The Vault

Access the offering documents

Sign the Confidentiality Agreement to unlock the confidential 304 Apartments package — rent roll, T-12, pro forma, and more.

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Sign the Confidentiality Agreement

Agree to the terms and sign to unlock your private document vault.

T-12 / Operating Expense SummaryRent Roll (Jul 2026)BrochureDue Diligence Package
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 the 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. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. 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

Paul Macaluso, President of Multifamily Investments, Simply Vegas Commercial

© 2026 Simply Vegas Commercial · Information deemed reliable but not guaranteed. Photos: listing photography; headshot: placeholder initials.