Updated Jun 4, 2026
Cedar Village Apartments Sold For $19.5 Million By Northcap Commercial In Las Vegas
Cedar Avenue
$19,500,000
Units
154
Asset Type
MultiFamily
Closing
Jun 2, 2026
About this deal
AI
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.
Players
Las Vegas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93