Highlights
- Prime location
- Modern finishes
- New appliances
- Centrally located
- Shared outdoor space
- Fully fenced courtyard
Location
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Property management
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521 Calcaterra Cir features a prime location with modern finishes and new appliances, enhancing its appeal. With a strong Zumper expert rating of 7.8, a competitive price rating of 8, and an amenities rating of 8, it balances value and quality effectively. Additionally, the property enjoys a 9 out of 10 location rating for unparalleled convenience and a trust rating of 8, reflecting transparency and reliability, complemented by an impressive collection of 50 photos showcasing its notable features.
Things you’ll love
| Las Vegas, NV - Apartment - $820.00 Available June 2024 | 1 bed | 1 bath | 550 sqft | $820 /mo | 1 unit available | Newly renovated 1br unit. New appliances. Completely fenced in courtyard. Centrally located and close to the strip. Don't have the cash for a full security deposit? Ask us about Rhino by Satisfy your deposit requirement with Rhino. 702-601-8756 | |
| Las Vegas, NV - Apartment - $1,000.00 | 2 bed | 1 bath | 670 sqft | $1,000–$1,020 /mo | 2 units available | Newly renovated 2br unit. New appliances. Completely fenced in courtyard. Centrally located and close to the strip. Don't have the cash for a full security deposit? Ask us about Rhino by Satisfy your deposit requirement with Rhino. 702-601-8756 |
Let's explore this property.
Grounds
| Outdoor Space |
| Year built | 1963 |
|---|---|
| Units | 3 |
Welcome to a rare investment opportunity just steps from the vibrant energy of the Las Vegas Strip. Nestled at 521 Calcaterra Cir, this fully renovated 6-unit multifamily building offers modern living in a prime location. Built in 1963 and thoughtfully updated, the property features one- and two-bedroom units with contemporary finishes, new appliances, and a fully fenced courtyard. Property Highlights Address: 521 Calcaterra Cir, Las Vegas, NV 89119 Building Status: 6-unit multifamily low-rise, built in 1963. Unit Mix & Income Potential: Unit A - 2br/1bth; $1000/mth Unit B - 1br/1bth; $1150/mth Unit C - 1br/1bth; $950/mth Unit D - 2br/1bth; vacant Unit E - 1br/1bth; $1050/mth Unit F - 1br/1bth; vacant Estimated potential gross income: approx. $73,800/year. Recent Renovations: Each unit features new appliances, modern finishes and is part of a completely fenced courtyard community. Location Perks: Centrally located and close to the Las Vegas Strip offering strong rental demand and high visibility. Excellent walkability score for nearby shopping and restaurants. Land & Zoning: Lot size ~0.19 acres, building size ~4,308 sq ft. Zoning H-1 (County). Why This Property Stands Out Turn-key investment With updated units, minimal deferred maintenance and immediate income-potential, this is ideal for value-add or hold strategy. Proximity to Las Vegas Strip Being ~1 mile from the Strip means high tenant appeal, especially for working professionals or short-term leases (subject to zoning/HOA rules). Scalable model With 6 units, moderate scale gives strong cash-flow without the complexity of large apartment buildings. Courtyard & community feel Shared outdoor space adds appeal for tenants seeking upgraded lifestyle at a competitive rental rate.
How 521 Calcaterra Cir compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 28% lower than 1-bedrooms in Las Vegas.
If you decide to upgrade your space, you can expect 2-bedrooms at 521 Calcaterra Cir to be 29% less than the average for similarly sized apartments in Las Vegas.
| Month | Median Rent |
|---|---|
| November 2023 | $1,050 |
| December 2023 | $1,023 |
| January 2024 | $997 |
| February 2024 | $995 |
| March 2024 | $998 |
| April 2024 | $1,069 |
| May 2024 | $1,095 |
| June 2024 | $1,073 |
| July 2024 | $996 |
| August 2024 | $999 |
| September 2024 | $997 |
| October 2024 | $985 |
| November 2024 | $916 |
| December 2024 | $899 |
| January 2025 | $896 |
| February 2025 | $952 |
| March 2025 | $979 |
| April 2025 | $985 |
| May 2025 | $1,001 |
| June 2025 | $999 |
| July 2025 | $1,018 |
| August 2025 | $993 |
| September 2025 | $992 |
| October 2025 | $1,016 |
| November 2025 | $975 |
Can I afford to live at 521 Calcaterra Cir?
Bedrooms
Rent-to-income ratio
30%
$32,800/yr
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