Blue Diamond%' AND 2*3*8=6*8 AND 'SbSF'!='SbSF% Homes with Fourplex Bldg Desc

Blue Diamond%' AND 2*3*8=6*8 AND 'SbSF'!='SbSF% Homes with Fourplex Bldg Desc

Welcome to Blue Diamond, Nevada—a hidden gem nestled at the foot of the stunning Spring Mountains. Just a short drive from the bustling city of Las Vegas, Blue Diamond offers a serene escape with its breathtaking landscapes and charming small-town vibe. This picturesque community is characterized by its unique blend of natural beauty and rich history, making it an ideal place for those seeking tranquility without sacrificing the conveniences of city life.

In Blue Diamond, you’ll find a diverse range of housing options, including the increasingly popular fourplex buildings. These multi-family residences offer a fantastic investment opportunity, providing the potential for rental income while allowing for a sense of community. Imagine owning a property where you can live in one unit while renting out the others, creating a harmonious balance of personal space and financial advantage.

The fourplex buildings in Blue Diamond are designed to cater to a variety of lifestyles. Whether you’re looking for a spacious home with room for extended family or an investment property, these buildings provide flexibility and comfort. The homes are often adorned with modern amenities and situated in peaceful neighborhoods, allowing residents to enjoy the beauty of the surrounding nature, including hiking trails, parks, and stunning mountain views.

With its friendly atmosphere and close-knit community, Blue Diamond is more than just a place to live; it’s a place to thrive. Explore the possibilities of fourplex living in this enchanting Nevada town and discover your own slice of paradise!

Newest Blue Diamond%' AND 2*3*8=6*8 AND 'SbSF'!='SbSF% Homes with Fourplex Bldg Desc

$1,310,000
2801616 MLS 4,274 SqFt.
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.

1153 Sierra Vista Drive, Las Vegas

$1,310,000
2801639 MLS 4,002 SqFt.
H-1 ZONING!! Exceptional opportunity to acquire a fully occupied 4-plex at 1165 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 $82,723, representing approximately a 6.3% capitalization 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 1153 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.

1165 Sierra Vista Drive, Las Vegas

$700,000
2801701 MLS 3,692 SqFt.
Presenting an exceptional investment opportunity, this meticulously maintained fourplex offers four spacious two-bedroom, two-bathroom apartments, each approximately 950 square feet. This distinguished property boasts desirable floor plans, significant building improvements, included appliances, private balconies, fireplaces, and elegantly updated interiors. A Neptune Wetsuit waterproof roofing system, installed in November 2019 with an eight-year warranty, covers the entire flat roof. Four Goodman packaged gas HVAC systems, 14-SEER, two-ton units, were also installed on the roof in November 2019, ensuring optimal climate control. Each apartment features a primary bedroom with a walk-in closet and a private en-suite bathroom, along with a second bedroom offering a large closet and convenient access to the second full bathroom. Both bathrooms are appointed with ceramic-tile tub surrounds and durable cast-iron porcelain bathtubs. The spacious floor plans encompass large living rooms with inviting fireplaces, formal dining areas, and kitchens adorned with granite countertops. Abundant closet and storage space is integrated throughout each unit. Sliding glass doors open to private balconies, extending the living space outdoors. A stove, refrigerator, washer, and dryer are provided in each kitchen. Freshly updated paint and flooring contribute to the refined ambiance. Strategically located near Nellis Air Force Base, public transportation, shopping, dining, and essential services, this property offers unparalleled convenience. The nearby Sunrise Plaza Shopping Center provides effortless access to grocery stores, pharmacies, restaurants, fitness centers, personal-care services, and a diverse array of retail options, enhancing the appeal of this prime location.

6938 Issac Avenue, Las Vegas

Start Your Search
The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.
LVR MLS deems information reliable but not guaranteed.
Copyright 2026 of the Las Vegas REALTORS® MLS. All rights reserved.

The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Updated: