2216, 2220, 2224 Tam Dr

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Address: 2224 Tam Dr, Las Vegas, NV 89102, USA
Phoenix & Southwest + Apartment Buildings
Created date: March 4, 2026
Date last updated: September 30, 2026
Price: $2,600,000Investment Analyzer NEW!
  • Courtyard Design
  • Multiple Buildings with Separation
  • Recently Renovated Units Available
  • Public Transportation Access
  • Walking Distance to Strip Employment
  • R-4 Zoning

Property Description

Fortune Villas Apartments is a 24-unit garden-style multifamily property situated on three parcels totaling 0.48 acres in Las Vegas' evolving Naked City neighborhood. Built in 1961 with 10,515 square feet of rentable area, the property features a single-story courtyard design with multiple wood and stucco buildings creating a community style open space with separation between units. The community comprises 21 one-bedroom/one-bathroom units averaging 465 square feet and 3 studios at 250 square feet, commanding an average rent of $913 per month with strong 91% occupancy. Several units have been recently renovated, demonstrating the property's significant value-add potential through systematic interior upgrades and rent optimization. Fortune Villas's central location provides exceptional connectivity to the Las Vegas Strip employment corridor while serving a diverse tenant base of hospitality workers, service professionals, and urban residents seeking affordability and accessibility in one of the city's most centrally located neighborhoods.
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Broker Details

Robin Willett
Robin Willett

Northcap Multifamily 702-943-1903

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,600,000
No. of Units: 24
Year Built: 1961
Lot Size: 0.48 Acres
Opportunity Zone: No
Price per unit: $108,333
Property Website Click Here
Address: 2216, 2220, 2224 Tam Dr, Las Vegas, NV 89102, USA
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