bds
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ba
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sqft
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car garage
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$720,000
Originally listed at $789,000
MLS #1127515
Beds
8
Baths
4
Sq Ft
3,080
Lot
0.22 ac
Built
1988
About this home
This home for sale at 126 E First St N Mesquite, NV 89027 has been listed at $720,000 and has been on the market for 73 days.
Full description
Opportunity is knocking!!! Great investment property as is or significant potential for upgrading & increasing rate of return. As is, market rents of $1150/mo counting owner expenses should pick up a net cap rate of approx 6.6%. With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7.8% range. 4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. Steadily renting at $1000-1200/mo. Similar units are renting in the $1200/mo+ range. Small enough to self manage. Nice enough for the right person to live in one and rent the other 3 for income. Each unit is 2 Br, 1 Ba, approx 770 sf. Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more.
Property highlights
- Great investment property as is or significant potential for upgrading & increasing rate of return. .
- With upgrades like gating, carports, patios, or other amenities, could raise the cap rate potentially to as much as 7. 8% range. 4 units recently updated with new paint, floor, counters, appliances, including some washer/dryers, new storage units, and more. .
- Great central location to parks, schools, College of Southern Nevada Mesquite Campus, library, community rec center, shopping, casinos, and much more. .
- Nice enough for the right person to live in one and rent the other 3 for income. .
- Spacious 8 bedroom home perfect for comfortable living.
- 3,080 sq ft of thoughtfully designed living space.
Property details
- Property Type
- Residential Income
- Sub-type
- Multi Family
- Status
- Active
- Days on Market
- 73
- Bedrooms
- 8
- Bathrooms
- 4
- Year Built
- 1988
- Stories
- 0
- Living Area
- 3,080 sq ft
- Lot Size
- 0.22 acres
- Price/sqft
- $233.77
- County
- Clark
- City
- Mesquite
- Subdivision
- None (No Subdivision)
- Zoning
- Multi-Family, Residential
- Tax Annual
- $2,130
- Parcel #
- 00116603002
- MLS Area
- South of I15
- Listed By
- Prime Properties Mesquite
Interior features
- Flooring- Laminate
Exterior features
- Curb & Gutter
- Sidewalks
Building & construction
- Roof
- Composition, Flat
- Construction
- Stucco
- Foundation
- Slab on Grade
Utilities
- Cable T.V.
- Water Source: City/Municipal
- Sewer: Hooked-up
- Garbage Collection
- Power Source: City/Municipal
Schools
Elementary
Bowler
Middle/Jr
Charles A. Hughes
High
Virgin Valley
Schedule a Tour with a Buyer’s Agent
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 bike for trips.
Mortgage calculator
Live rates from Radiant Mortgage · Clark County tax · estimate only
Estimated monthly payment
- Principal & interest
- Property tax
- Home insurance
- HOA fees
Loan amount
Total interest paid
Total amount paid
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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 1127515.
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: $720,000 — 84.6% above the median sale price.
Mesquite market — Residential
What homes are doing.
Latest data through May 2026.
Median sale price
$390,000
-2.5% year over year
Median days on market
54
+11 days year over year
Sale-to-list ratio
97.1%
-1pp year over year
Homes sold last month
68
+19 year over year