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Cedar Village Apartments Sold For $19.5 Million By Northcap Commercial In Las Vegas
SOLD
$19,500,000
+ 1
Nevada
See Similar DealsMultiFamily
Sold 06/02/2026
SOLD
Cedar Village Apartments Sold For $19.5 Million By Northcap Commercial In Las Vegas
Cedar Avenue
See Similar DealsMultiFamily
Sold 06/02/2026
+ 1
Summary
NEVADA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property known as Cedar Village Apartments located at 2850 East Cedar Avenue in Las Vegas, NV, has been sold for a price of $19,500,000. The property consists of 154 units, resulting in a price per unit of approximately $126,623.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,500,000
- Units: 154
- Price Per Unit: $126,623
- Sale Date: 06/02/2026
- Market: Las Vegas, NV
The transaction closed on May 19, 2026, and was facilitated by Northcap Commercial’s Vegas Multifamily Advisors team. The team included brokers Robin Willett, Devin Lee, Jerad Roberts, and Cameron Varela, who represented both the buyer and seller in this off-market deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,039,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38
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