Fully occupied and professionally managed, this turnkey fourplex in Northwest Las Vegas offers four spacious 2-bed, 2-bath units, each with in-unit laundry, fireplaces, and private storage. The property currently generates $6,005 in monthly rental income, with upside potential to $6,600/month through market rent adjustments, increasing the CAP rate from 6.92% to 7.32%. Built in 1984 and requiring minimal updates, this is a low-maintenance, high-demand asset positioned for value optimization. Located near Summerlin, tenants benefit from convenient access to shopping, dining, entertainment, and major transit routes. With strong cash flow and long-term appreciation potential, this is a rare opportunity in one of Las Vegas’s most stable rental corridors.
Closed
$795,000
1920 Lirio Way, Las Vegas, NV 89108
8beds
4baths
3,892sqft
Quadruplex, Multi Family, Multi Family
Built in 1984
-- sqft lot
$745,500 Zestimate®
$204/sqft
$1,451 Estimated rent
Home value
$745,500
$686,000 - $798,000
$1,451/mo
Zestimate® history
Owner options
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$4,575/mo
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Private storageIn-unit laundry
Zillow last checked:
Listing updated:
Listed by:
Catherine Hyde S.0070366 (702)408-2289,
Simply Vegas
Bought with:
Catherine Hyde, S.0070366
Simply Vegas
Source: LVR,MLS#: 2692240
Originating MLS: Greater Las Vegas Association of Realtors Inc
Originating MLS: Greater Las Vegas Association of Realtors IncFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Gas
Cooling
- Central Air
Appliances
- Included: Oven, Range, Refrigerator
- Laundry: Laundry Room
Features
- Storage
- Flooring: Tile
Interior area
- Total structure area: 3,892
- Total interior livable area: 3,892 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Parcel number: 13823710005
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Flat
Condition
- Resale,Very Good Condition
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Las Vegas
- Subdivision: Sierra Oeste
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2025 | Sold | $795,000-0.6%$204/sqft |
Source:  LVR #2692240 Report a problem | ||
| 7/10/2025 | Pending sale | $799,999$206/sqft |
Source: BHHS broker feed #2692240 Report a problem | ||
| 7/9/2025 | Contingent | $799,999$206/sqft |
Source: LVR #2692240 Report a problem | ||
| 6/16/2025 | Listed for sale | $799,999+6.7%$206/sqft |
Source: LVR #2692240 Report a problem | ||
| 4/25/2023 | Listing removed | -- |
Source: LVR #2487254 Report a problem | ||
| 4/19/2023 | Contingent | $750,000$193/sqft |
Source: LVR #2487254 Report a problem | ||
| 4/10/2023 | Listed for sale | $750,000+20%$193/sqft |
Source: LVR #2487254 Report a problem | ||
| 4/14/2022 | Sold | $625,000$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 4/8/2022 | Pending sale | $625,000$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 4/8/2022 | Listed for sale | $625,000$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 3/1/2022 | Pending sale | $625,000$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 2/25/2022 | Listed for sale | $625,000$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 2/18/2022 | Pending sale | $625,000$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 2/16/2022 | Listed for sale | $625,000+14.7%$161/sqft |
Source: LVR #2371246 Report a problem | ||
| 8/27/2021 | Sold | $545,000+3.8%$140/sqft |
Source: LVR #2307500 Report a problem | ||
| 7/4/2021 | Pending sale | $525,000$135/sqft |
Source: LVR #2307500 Report a problem | ||
| 6/24/2021 | Listed for sale | $525,000+41.9%$135/sqft |
Source: LVR #2307500 Report a problem | ||
| 7/11/2018 | Sold | $370,000+1.4%$95/sqft |
Source: Public Record Report a problem | ||
| 7/10/2018 | Pending sale | $365,000$94/sqft |
Source: Keller Williams Southern Nevada #2000391 Report a problem | ||
| 7/9/2018 | Listed for sale | $365,000$94/sqft |
Source: Keller Williams Southern Nevada #2000391 Report a problem | ||
| 6/10/2018 | Pending sale | $365,000$94/sqft |
Source: Keller Williams Southern Nevada #2000391 Report a problem | ||
| 6/7/2018 | Listed for sale | $365,000+12%$94/sqft |
Source: Keller Williams Southern Nevada #2000391 Report a problem | ||
| 12/28/2017 | Sold | $326,000+129.6%$84/sqft |
Source: Public Record Report a problem | ||
| 2/18/2015 | Listing removed | $625 |
Source: Advantage Real Estate Group Report a problem | ||
| 1/28/2015 | Listed for rent | $625 |
Source: Advantage Real Estate Group Report a problem | ||
| 3/1/2010 | Sold | $142,000+2.9%$36/sqft |
Source: Public Record Report a problem | ||
| 11/12/2009 | Sold | $138,000-74.2%$35/sqft |
Source: Public Record Report a problem | ||
| 10/10/2005 | Sold | $535,000+39%$137/sqft |
Source: Public Record Report a problem | ||
| 6/23/2004 | Sold | $385,000+88.3%$99/sqft |
Source: Public Record Report a problem | ||
| 4/26/2000 | Sold | $204,500$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,021 +8% | $115,604 +4.6% |
| 2025 | $2,797 +8% | $110,543 +5.5% |
| 2024 | $2,590 +8% | $104,812 +8.1% |
| 2023 | $2,399 -38.5% | $96,938 +13.1% |
| 2022 | $3,903 +89.3% | $85,730 +1.8% |
| 2021 | $2,062 -17.7% | $84,188 +1.4% |
| 2020 | $2,505 +35.9% | $83,015 +5.1% |
| 2019 | $1,844 +6.9% | $78,973 |
| 2018 | $1,725 | $78,973 +10.8% |
| 2017 | $1,725 | $71,257 +12.7% |
| 2016 | $1,725 +0% | $63,236 +6.7% |
| 2015 | $1,724 +3.2% | $59,270 +19.9% |
| 2014 | $1,670 | $49,440 |
| 2013 | -- | $49,440 -25.7% |
| 2012 | -- | $66,557 +2.5% |
| 2011 | -- | $64,960 -9.7% |
| 2010 | -- | $71,934 -1.9% |
| 2009 | -- | $73,351 |
| 2008 | -- | $73,351 -46.7% |
| 2007 | -- | $137,741 +19.7% |
| 2006 | -- | $115,066 +26.1% |
| 2005 | -- | $91,263 +36.9% |
| 2004 | -- | $66,675 +4.1% |
| 2003 | -- | $64,054 +3.7% |
| 2002 | -- | $61,760 +5.7% |
| 2001 | -- | $58,410 |
Find assessor info on the county website
Neighborhood: Michael Way
Nearby schools
GreatSchools rating
- 4/10Paul E Culley Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10J Harold Brinley Middle SchoolGrades: 6-8Distance: 0.7 mi
- 1/10Western High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: ,
Source: LVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$745,500
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Estimated market value
$745,500
- Nevada
- Clark County
- Las Vegas
- 89108
- Michael Way
- 1920 Lirio Way
Nearby cities
Nearby neighborhoods
Nearby zip codes
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