Las Vegas, NV multifamily market
Las Vegas multifamily valuations face headwinds as a heavy supply pipeline and elevated interest rates push concessions higher. Metro transactions show garden and workforce assets trading between $115 and $209 per square foot, or $90,000 to $218,000 per unit. With no specific street address provided, comps represent metro-wide multifamily transactions across the past 24 months.
What's driving Multifamily prices in Las Vegas
Multifamily pricing softened modestly over the past year due to heavy supply deliveries and tighter capital markets.
- Substantial construction deliveries expanding vacancy and rental concessions
- Continued net in-migration from higher-cost western states bolstering demand
- High borrowing costs putting downward pressure on buyer underwriting values
Market intelligence
Tracking this market · 6 comps · 12-month median $175/SF · latest deal Jul 2026.
This quarter: 0 comps added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum ContractingPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Las Vegas's municipal boundary, coloured to match the momentum read above.
Recent Multifamily comps in Las Vegas, NV
| Address | Date | Type | Size (SF) | Units | Price / Rate | $/SF | $/Unit | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|
| 2180 E Warm Springs Rd, Las Vegas, NV 89119 news | Jul 2026 | Sale | 415434 | 400 | $87,000,000 | $209 | $217,500 | Multi-tenant, residential | 1996 |
| 2850 E Cedar Ave, Las Vegas, NV 89101 listing | May 2026 | Sale | 129878 | 154 | $19,500,000 | $150 | $126,623 | Multi-tenant, residential | 1978 |
| 2751 E Bonanza Rd, Las Vegas, NV 89101 listing | Apr 2026 | Sale | 117450 | 171 | $20,000,000 | $170 | $116,959 | Multi-tenant, residential | 1964 |
| 109 Orland St, Las Vegas, NV 89107 listing | Nov 2025 | Sale | 30778 | 54 | $5,400,000 | $175 | $100,000 | Multi-tenant, residential | 1969 |
| 1591 Chartered Cir, Las Vegas, NV 89101 news | Sep 2025 | Sale | 154208 | 164 | $17,750,000 | $115 | $108,232 | Multi-tenant, residential | 1988 |
| 4340 Las Vegas Blvd N, Las Vegas, NV 89115 listing | Apr 2025 | Sale | 24916 | 50 | $4,500,000 | $181 | $90,000 | Multi-tenant, residential | 1986 |
| Median of 6 recent sales · $173/SF | $173 | ||||||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Las Vegas, NV, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.