
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.
Brand-New Construction
Completed 2025 with a Certificate of Occupancy in hand — brand-new systems, roof, and finishes, with no deferred maintenance to inherit.
Built to Today's Code
Engineered and permitted to current Las Vegas building code — modern construction throughout, not a value-add or rehab play.
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.
Downtown Las Vegas
Maryland Pkwy corridor, minutes from UNLV, Fremont Street, and the Strip — a transit-rich, renter-dense location.
Gallery
Drone, exterior and finished-unit photography. Click any photo to enlarge.
30 photos
Location
Steps from Fremont East, the Arts District and Downtown's employment core.
24,398
Population · 1 mi
11,991
Households · 1 mi
$57,448
Avg. HH income · 1 mi
Source: 2020 ACS via listing demographics.
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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.