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About this home
This home for sale at 100 E 1st South St Mesquite, NV 89027 has been listed at $2,500,000 and has been on the market for 104 days.
Full description
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.
Property highlights
- Walking distance to everything. .
- Right near city center, behind the Mesquite City offices. .
- All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. .
- Lots of parking, and off the main streets for a quieter location than many. .
- Picture adding security gates, carports, or a pool area or other recreational amenities. .
- New, neat, clean, fully occupied. .
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Start your searchProperty details
- Property Type
- Residential Income
- Sub-type
- Multi Family
- Status
- Active
- Days on Market
- 104
- Bedrooms
- 24
- Bathrooms
- 12
- Year Built
- 2024
- Stories
- 0
- Living Area
- 10,800 sq ft
- Lot Size
- 0.73 acres
- Price/sqft
- $231.48
- County
- Clark
- City
- Mesquite
- Subdivision
- None (No Subdivision)
- Zoning
- Multi-Family
- Tax Annual
- $14,126
- Parcel #
- 00116702001
- MLS Area
- South of I15
- Listed By
- Prime Properties Mesquite
Interior features
- Ceiling Fans
- Flooring- Carpet
- Flooring- Laminate
- Wheelchair Accessible
- Vaulted Ceilings
Exterior features
- Corner Lot
- Cul-de-sac
- Landscape- Full
- Sidewalks
- Sprinklers- Drip System
- View of City
- View of Mountains
Building & construction
- Roof
- Tile
- Construction
- Stucco
- Foundation
- Slab on Grade
Utilities
- Satellite Dish
- T.V. Antennae
- Wired for Cable
- Cable T.V.
- Water Source: City/Municipal
- Internet: Cable/DSL
- Internet: Satellite/Wireless
- Legal Access: Yes
- Sewer: Hooked-up
- Phone: Land Line
- Power: Line On Meter
- Propane: Available
- Garbage Collection
- Phone: Cell Service
- Phone: No Service
- Power Source: City/Municipal
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Neighborhood
Located in None (No Subdivision), Mesquite.
Walk · Transit · Bike
Some errands can be accomplished on foot. Minimal public transit available. It's convenient to use a bike for a few trips.
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Location
Mesquite, NV · approximate location
Listed by: E. Shaun Caldwell · Prime Properties Mesquite. (702) 701-3326.
Source: Mesquite MLS (Mesquite Real Estate Association).
Information deemed reliable but not guaranteed. All measurements and calculations of area should be independently verified.
This data is updated multiple times per day. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. For more information on this property, call 702-605-0190 with MLS number 1127401.
Publisher's notice: All real estate advertised herein is subject to the Federal Fair Housing Act and Nevada Fair Housing Law, which make it illegal to advertise any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
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Mesquite market context
How this property sits against recent sales in the area.
This listing: $2,500,000 — 542.7% above the median sale price.
Mesquite market — Residential
What homes are doing.
Latest data through June 2026.
Median sale price
$389,000
+2.2% year over year
Median days on market
68
+23 days year over year
Sale-to-list ratio
97.8%
+0.03pp year over year
Homes sold last month
73
+5 year over year