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Back 1920 Lirio Way
Off Market

1920 Lirio Way

Las Vegas NV 89108

3892 sq. ft.
6970 sq. ft.
Multi-Family
Last sold for $795,000
Catherine HydeCatherine Hyde, last sold this property on 11 August 2025 after 853 days on market.

Overview

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.

Features

3892 sq. ft. floor area
6970 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Las Vegas over the last 12 months, the estimated median property value of 1920 Lirio Way is $697.5k.

Median value
$697.5k
Estimated value range
$580k - $850k
Median days on market
28
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Las Vegas. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1920 Lirio Way

2025
Sold
$795,000
11 Aug 2025 by Catherine Hyde, of BHHS Nevada Properties
2022
Sold
$625,000
14 Apr 2022 by Anthony Sipes, of BHHS Nevada Properties
2021
Sold
$545,000
27 Aug 2021 by Gisela Galvan, of REMAX Central | Billings

Happy sellers in Las Vegas

76%
76% of sellers in Las Vegas reported that their sale price either exceeded or met their price expectations.

Las Vegas stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Las Vegas over the last 12 months.

Local market activity for multi families in Las Vegas

In the last 12 months, 13 multi families similar to 1920 Lirio Way, have been sold.

This represents a 27% decrease in multi families sales when compared to the previous 12 months.

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