Press Release |ABI Multifamily Brokers 111-Unit Las Vegas Multifamily Apartment Community for $13,478,842

Las Vegas NV, Multifamily, Apartments, Investment Sales, Jason Dittenber, Josh McDougall, Anthony Marinello, Bradley Gumm, MCR Apartments

MCR Apartments | 224 - 241 West St. Louis Avenue, Las Vegas, NV 89102 | 111 Units | $13,478,842 | $121,431 Per Unit | $208.49 Per SF


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ABI Multifamily Brokers 111-Unit Las Vegas Multifamily Apartment Community for $13,478,842

Phoenix, AZ. (June 6, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $13,478,842 / $121,431 Per Unit / $208.49 Per SF sale of MCR Apartments, a 111-unit multifamily apartment community located in Las Vegas, Nevada. ABI Multifamily's Jason Dittenber, Josh McDougall, Anthony Marinello, and Bradley Gumm represented the seller in this transaction.

The buyer and seller are based in Nevada.

The MCR Apartments is a garden-style community built in 1950 - 1970 and consists of 11 buildings, constructed primarily of masonry and wood-frame. The community spans over 2.92 acres of land, including 0.47 acres of vacant land. The unit-mix consists of (1) studio, (102) 1-bed / 1-bath, and (8) 2-bed / 1-bath units with a weighted average of 582 square feet. 95% of the units have been renovated over the past 2 years. Amenities include three on-site laundry facilities, gated courtyards, ample parking all recently repaved, and two swimming pool spaces.

Located just off the world-famous Las Vegas Strip and directly behind The STRAT Hotel, Casino and Tower, the MCR Apartments are surrounded by a vast amount of shopping, hospitality, and entertainment options. This location has seen an incredible amount of gentrification and new development in recent years. The nearby Arts District continues to expand and has become a very popular destination for tourists and Las Vegas locals alike.

ABI Multifamily ( is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.