NEW - No Headaches! - Fully rented 12 units - NICE! 12 Units. New. Right near city center, behind the Mesquite City offices. Walking distance to everything. All 12 units are 2 Br. 1, Ba, 900 sf with mountain views to the south and ample parking. New, neat, clean, fully occupied. Only 1.7% vacancy factor in 2025. At list price, after ALL expenses 4.9% NET NET cap rate. Rents currently running $1150 per month. Room for reasonable, slow increases. Could self manage at expiration of current management agreement with ERA Brokers and bump that net cap rate by 1-2%. Or, if it's not broken, keep it simple and keep existing management. 100% occupancy and no headaches is a good thing! Appraised in 2025 for $2.7million. Lots of parking, and off the main streets for a quieter location than many. Still room to improve it more. Picture adding security gates, carports, or a pool area or other recreational amenities. Incredible investment opportunity! Please do not disturb tenants.
For sale
$2,500,000
100 E 1st South St, Mesquite, NV 89027
24beds
12baths
10,800sqft
:
Get pre-qualified$16,172/mo
Multi Family, Single Family Residence
Built in 2024
-- sqft lot
$3,319,500 Zestimate®
$231/sqft
$-- HOA
What's special
- 155 days |
- 206 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
E. Shaun Caldwell B.0143955.LLC (702)701-3326,
Prime Properties Mesquite
Source: Mesquite MLS,MLS#: 1127401
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
Heating
- Electric, Forced Air/Central, Heat Pump
Cooling
- Central Air, Electric, Heat Pump
Appliances
- Included: Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Washer/Dryer, Electric Water Heater, Oven/Range, Oven/Range- Electric
- Laundry: Washer Hookup
Features
- Ceiling Fan(s), Vaulted Ceiling(s)
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 10,800
- Total interior livable area: 10,800 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: Wheelchair Accessible
Features
- Levels: Two
- Has view: Yes
- View description: City, Mountain(s)
Lot
- Size: 0.73 Acres
- Features: Corner Lot, Cul-De-Sac, Landscaped, Sidewalks, Sprinklers- Drip System
Details
- Parcel number: 00116702001
- Zoning description: Multi-Family
- Other equipment: Satellite Dish, TV Antenna
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Single Family Residence
Materials
- Stucco
- Foundation: Slab on Grade
- Roof: Tile
Condition
- Year built: 2024
Utilities & green energy
- Electric: Power: Line On Meter, Power Source: City/Municipal
- Gas: Propane: Available
- Sewer: Sewer: Hooked-up
- Water: Water Source: City/Municipal
- Utilities for property: Wired for Cable, Cable T.V., Internet: Cable/DSL, Internet: Satellite/Wireless, Legal Access: Yes, Garbage Collection
Community & HOA
Community
- Subdivision: None (No Subdivision),None (No Master Pud)
Location
- Region: Mesquite
Financial & listing details
- Price per square foot: $231/sqft
- Tax assessed value: $1,598,977
- Annual tax amount: $14,126
- Date on market: 2/19/2026
Estimated market value
$3,319,500
$2.72M - $4.02M
$1,488/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Listed for sale | $2,500,000+1900%$231/sqft |
Source:  Mesquite MLS #1127401 Report a problem | ||
| 11/16/2021 | Sold | $125,000-24.2%$12/sqft |
Source: Public Record Report a problem | ||
| 8/2/2021 | Price change | $165,000-5.7%$15/sqft |
Source:  RE/MAX International #1122085 Report a problem | ||
| 6/16/2021 | Listed for sale | $175,000$16/sqft |
Source: RE/MAX International #1122085 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $14,267 +1567.2% | $559,642 +800.2% |
| 2025 | $856 +7.9% | $62,169 +88% |
| 2024 | $793 +8% | $33,075 +13.7% |
| 2023 | $735 +8% | $29,094 +8% |
| 2022 | $680 +8% | $26,950 +4.8% |
| 2021 | $630 +6.7% | $25,725 +5% |
| 2020 | $590 +4.8% | $24,500 +14.3% |
| 2019 | $563 +6.9% | $21,438 |
| 2018 | $527 | $21,438 +9.4% |
| 2017 | $527 | $19,600 |
| 2016 | $527 +3.4% | $19,600 +6.7% |
| 2015 | $510 | $18,375 -50.1% |
| 2005 | -- | $36,845 +31.7% |
| 2004 | -- | $27,976 +0.6% |
| 2003 | -- | $27,811 +38.9% |
| 2002 | -- | $20,020 +1.8% |
| 2001 | -- | $19,670 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 89027
Nearby schools
GreatSchools rating
- 6/10Virgin Valley Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Charles Arthur Hughes Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Virgin Valley High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Virgin Valley
- Middle: Charles A. Hughes
- High: Virgin Valley
Source: Mesquite MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
