Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
24 Beds
12 Baths
10,800 sqft

$2,500,000

100 E 1st South St, Mesquite NV, 89027

Price per sqft$231.48
Built in2024
Property size10,800 sqft
Property typeMulti-family

Overview

Pending

Listed Feb 15, 2026

Updated 13 days ago

12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses 4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow increases. Could self manage at expiration of current management agreement with ERA Brokers and bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management. 100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking, and off the main streets for a quieter location than many. Still room to improve it more. Picture adding security gates, carports, or a pool area or other recreational amenities. Incredible investment opportunity! Please do not disturb tenants.

$16,633/mo

Est. mortgage payment based on a $2,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1127401

Interior Features

Bedrooms
24
Bathrooms
12
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.73 Acres

Other Property Details

Taxes
$14,126
Tax Frequency
Annually
MLS provider logo

Listed by E. Shaun Caldwell with Prime Properties Mesquite
Listing Contact: (702) 701-3326 

The IDX display contains information sourced from the Mesquite Real Estate Association as of 9/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Mesquite Real Estate Association all rights reserved.

Data last updated on 9/17/2026 at 3:44 PM UTC

Powered by Luxury Presence