Active Listing · 10 days on market
1153 Sierra Vista Drive
Las Vegas, NV 89169
$1,310,000
MLS 2801616
0
Beds
0
Baths
4,274
Sq Ft
No HOA
Association
1963
Year Built
Courtesy of Signature Real Estate Group Mark Anthony Posner
Listing Contact: (702) 799-9598
Copyright 2026 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
The Property
About This Home
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1153 Sierra Vista Drive, offering immediate, stable cash flow with all tenants participating in the Section 8 program, providing dependable rental income. The property generates an impressive Net Operating Income (NOI) of $84,205, representing approximately a 6.4% cap rate based on the current list price. This well-maintained asset has been updated and is in excellent condition, including all new HVAC/air conditioning units, helping minimize future capital expenditures. Residents also enjoy access to a shared swimming pool and a shared coin-operated laundry facility, creating additional income potential. Best of all, there is no HOA, keeping operating costs lower and maximizing investor returns. A key feature that sets this property apart is its highly desirable H-1 (Limited Resort & Apartment) zoning. The adjacent 4-plex at 1165 Sierra Vista Drive is also available for purchase and is similarly zoned H-1. Each property may be purchased individually or together. For investors seeking a larger portfolio, purchasing both buildings creates an attractive investment with a combined capitalization rate of approximately 6.4% while increasing economies of scale and management efficiency. Adding to the opportunity, the adjacent H-1 zoned parcel is also available for sale. A developer could acquire all three properties, creating a unique assemblage for future hospitality, motel, hotel, or other compatible redevelopment, subject to applicable governmental approvals.
Community Intelligence
Las Vegas
Zoned Schools
ES: ,
From the MLS listing record. Verify with Clark County School District.
Overview
ZIP 89169 · 2020-2024 estimates
ZIP 89169 has a population of 22,171, a median age of 38.2, 6,430 people per square mile of land, and per capita income of $26,855.
22,171
Total population
38.2
Median age
6,430
People per square mile
$26,855
Per capita income
Demographics and Employment
ZIP 89169 · 2020-2024 estimates
In ZIP 89169, the population is 22,171, the median age is 38.2, and 16,019 residents are 25 years and over.
- 22,171
- Total population
- 38.2
- Median age
- $26,855
- Per capita income
- 16,019
- Population 25 years and over
Educational attainment
- Less than 9th grade12.5% (1,998)
- 9th to 12th grade, no diploma13.0% (2,077)
- High school graduate (includes equivalency)29.0% (4,652)
- Some college, no degree21.6% (3,464)
- Associate's degree7.9% (1,271)
- Bachelor's degree12.1% (1,939)
- Graduate or professional degree3.9% (618)
Share of population 25 years and over.
In ZIP 89169, there are 10,250 households, 19.3% of homes are owner occupied, and median household income is $40,904.
- 10,250
- Households
- 19.3%
- Owner occupied
- 80.7%
- Renter occupied
- $40,904
- Median household income
Housing tenure
- Owner occupied19.3% (1,976)
- Renter occupied80.7% (8,274)
Share of occupied housing units.
In ZIP 89169, the unemployment rate is 10.2%, the mean travel time to work is 25.5 minutes, and 10.3% of workers work from home.
- 10,334
- Civilian employed population 16 years and over
- 10.2%
- Unemployment rate
- 25.5 min
- Mean travel time to work
- 10.3%
- Worked from home
Industry
- Construction7.8% (809)
- Manufacturing3.2% (330)
- Retail trade13.8% (1,421)
- Transportation and warehousing, and utilities6.0% (623)
- Information1.7% (171)
- Finance and insurance, and real estate, and rental and leasing3.4% (353)
- Professional, scientific, and management, and administrative, and waste management services17.9% (1,849)
- Educational services, and health care and social assistance9.6% (989)
- Arts, entertainment, and recreation, and accommodation and food services29.7% (3,072)
- Other services, except public administration3.9% (407)
Share of civilian employed population 16 years and over. Groups with a margin of error over 40 percent of the estimate are not shown.
Occupation
- Management, business, science, and arts occupations24.5% (2,536)
- Service occupations35.1% (3,625)
- Sales and office occupations16.4% (1,694)
- Natural resources, construction, and maintenance occupations7.7% (793)
- Production, transportation, and material moving occupations16.3% (1,686)
Share of civilian employed population 16 years and over.
Schools near 1153 Sierra Vista Drive
Within 2 miles of 1153 Sierra Vista Drive
| School | Grades | Distance |
|---|---|---|
Petersen Dean ES 3650 Cambridge St, Las Vegas District | PK-5 | 0.3 mi |
Thomas Ruby S ES 1560 E Cherokee Ln, Las Vegas District | PK-5 | 0.4 mi |
Lake Robert E ES 2904 Meteoro St, Las Vegas District | PK-5 | 1.0 mi |
Paradise Prof Dev ES 900 Cottage Grove Ave, Las Vegas District | PK-5 | 1.1 mi |
NV Rise Academy Charter School 2525 Emerson Ave, Las Vegas Charter | K-5 | 1.2 mi |
Stewart Helen J 2375 E Viking, Las Vegas District | PK-12 | 1.2 mi |
Rowe Lewis E ES 4338 S Bruce St, Las Vegas District | PK-5 | 1.3 mi |
St Viator Catholic School 4246 S Eastern Ave, Las Vegas Private | PK-8 | 1.5 mi |
St Anne Catholic School 1813 S Maryland Pkwy, Las Vegas Private | K-8 | 1.6 mi |
Early Childhood ES 3656 S. Pecos-McLeod Interconnect, Las Vegas District | PK-K | 1.8 mi |
Innovations Int'l Charter ES 1600 E Oakey Blvd, Las Vegas Charter | PK-5 | 1.8 mi |
Park John S ES 931 Franklin Ave, Las Vegas District | PK-5 | 1.9 mi |
Crestwood ES 1300 Pauline Way, Las Vegas District | PK-5 | 2.0 mi |
Miller John F 3840 Pecos McLeod Interconnect, Las Vegas District | PK-12 | 2.0 mi |
| School | Grades | Distance |
|---|---|---|
Orr William E MS 1562 E Katie Ave, Las Vegas District | 6-8 | 0.5 mi |
Innovations Int'l Charter J-SHS 1600 E Oakey Blvd, Las Vegas Charter | 6-12 | 1.2 mi |
Stewart Helen J 2375 E Viking, Las Vegas District | PK-12 | 1.2 mi |
Fremont John C Professional Dev MS 1100 E St Louis Ave, Las Vegas District | 6-8 | 1.4 mi |
St Viator Catholic School 4246 S Eastern Ave, Las Vegas Private | PK-8 | 1.5 mi |
St Anne Catholic School 1813 S Maryland Pkwy, Las Vegas Private | K-8 | 1.6 mi |
Knudson K O Academy of the Arts 2400 Atlantic St, Las Vegas District | 6-8 | 1.8 mi |
Young Women's Leadership Academy of Las Vegas 3415 S Mojave Rd, Las Vegas Charter | 6-9 | 1.8 mi |
Miller John F 3840 Pecos McLeod Interconnect, Las Vegas District | PK-12 | 2.0 mi |
| School | Grades | Distance |
|---|---|---|
Innovations Int'l Charter J-SHS 1600 E Oakey Blvd, Las Vegas Charter | 6-12 | 1.2 mi |
Stewart Helen J 2375 E Viking, Las Vegas District | PK-12 | 1.2 mi |
Valley HS 2839 S Burnham Ave, Las Vegas District | 9-12 | 1.2 mi |
Central Technical Training Academy 1725 S. Maryland Pkwy, Las Vegas District | 9-12 | 1.7 mi |
Global Community HS 1725 S MARYLAND PARKWAY, Las Vegas District | 9-12 | 1.7 mi |
Young Women's Leadership Academy of Las Vegas 3415 S Mojave Rd, Las Vegas Charter | 6-9 | 1.8 mi |
Miller John F 3840 Pecos McLeod Interconnect, Las Vegas District | PK-12 | 2.0 mi |
Schools are listed by straight-line distance from this home, not by attendance zone. School assignment varies by address and can change; verify with Clark County School District. I do not characterize school quality.
These figures are published statistics for the area named, shown the same way on every listing and community page. They do not describe any person or household and are not a suggestion about where anyone should live. I am committed to fair housing for everyone.
About the Neighborhood
Las Vegas
Las Vegas the city extends well beyond the Strip - the residential valley wraps the resort corridor with neighborhoods that have very little in common with the tourist economy a few miles south. Most homes sit twenty to thirty minutes from the Strip and an entirely different distance, culturally, from it.
Northwest, Southwest, and central submarkets each tell their own story: Summerlin's master-planned grid running west to the Red Rock escarpment, the older central neighborhoods around the historic boulevards, and the newer northwest reaches like Skye Canyon and Centennial Hills pushing toward Mt. Charleston. Pricing, age of inventory, and HOA structure vary widely by zip.
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Location
Las Vegas
1153 Sierra Vista Drive
Las Vegas, NV 89169