Highlights
- Prime location
- Modern finishes
- New appliances
- Centrally located
- Shared outdoor space
- Fully fenced courtyard
Location
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521 Calcaterra Cir features a prime location with modern finishes and new appliances, appealing to renters seeking quality living. The property receives a strong Zumper expert rating of 8.4, along with high scores for price (10) and amenities (8), highlighting its excellent balance of value and impressive offerings. Additionally, with 50 photos provided, prospective renters can gain a clear understanding of the property, contributing to its noteworthy trustworthiness rating of 8.
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 |
One-time.
One-time. Refundable.
| 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 29% 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 30% less than the average for similarly sized apartments in Las Vegas.
| Month | Median Rent |
|---|---|
| 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 | $959 |
| December 2025 | $911 |
Can I afford to live at 521 Calcaterra Cir?
Bedrooms
Rent-to-income ratio
30%
$32,800/yr
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