1920 Lirio Way Las Vegas, NV 89108
Property details
About 1920 Lirio Way
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.
Highlights
(Active Under Contract)
Virtual tour
Summary
- Appliances: Oven, Range, Refrigerator
- Flooring Type: Tile
- Interior: Storage
- Architectural Style: Fourplex
- Heating: Central, Natural Gas
- Cooling: Central Air
- List Price: $799,999
- Price/SqFt: $205
- Annual Tax Amount: $2,590
- Tax Year: 2024
- Directions: LAKE MEAD & RAINBOW, Take US-95 N to W Lake Mead Blvd in Las Vegas. Follow W Lake Mead Blvd to Lirio Way.
- Year Built: 1984
- Stories: 2
- Living Area: 3,892 SqFt
- Lot Size: 0.16 Acres
- MLS Number: 2692240
- MLS Name: GLVAR
- Office Name: Simply Vegas
- Office Phone: (702) 408-2289
- Listing Agent: Catherine Hyde
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.
Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 5:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 14, 2022 | Home Sold | $625,000 |
| Aug 27, 2021 | Home Sold | $545,000 |
| Jul 11, 2018 | Home Sold | $370,000 |
| Dec 28, 2017 | Home Sold | $326,000 |
| Mar 01, 2010 | Home Sold | $142,000 |
| Nov 12, 2009 | Home Sold | $138,000 |
| Oct 10, 2005 | Home Sold | $535,000 |
| Jun 23, 2004 | Home Sold | $385,000 |
| Apr 26, 2000 | Home Sold | $204,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $110,543 | $2,590 |
| 2023 | $104,812 | $2,398 |
| 2022 | $96,938 | $3,903 |
| 2021 | $85,730 | $2,062 |
| 2020 | $84,188 | $2,059 |
| 2019 | $83,015 | $1,930 |
| 2018 | $78,973 | $1,841 |
History based on county public records data.
Nearby schools
6
Lilly & Wing Fong Elementary School
Public District KG-5
0.6 mi
•2200 James Bilbray Dr
5
Bertha Ronzone Elementary School
Public District KG-5
0.7 mi
•5701 Stacey Ave
6
Paul E. Culley Elementary School
Public District PK-5
0.9 mi
•1200 N Mallard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,815. Most Las Vegas, NV residents have annual incomes less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Burlington
Where do the neighbors go to eat?
Little Caesars
Boston Market
White Castle
What do the neighbors drive?
Dodge
Honda
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Frequently asked questions
About 1920 Lirio Way
The listing price of 1920 Lirio Way property is $799,999.
The property 1920 Lirio Way is a multi located in Las Vegas, Nevada, 89108.
Accepting Backup Offers: 1920 Lirio Way is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1920 Lirio Way are: Lilly & Wing Fong Elementary School (GreatSchools Rating 6/10), Bertha Ronzone Elementary School (GreatSchools Rating 5/10), Paul E. Culley Elementary School (GreatSchools Rating 6/10), J. Harold Brinley Middle School (GreatSchools Rating 4/10), Doral Academy Fire Mesa (GreatSchools Rating 6/10), Frank F. Garside Junior High School (GreatSchools Rating 2/10), Cimarron-Memorial High School (GreatSchools Rating 3/10), Western High School (GreatSchools Rating 1/10), College of So NV High School West (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $2,590 (source: MLS/based on county public records data).
The last sale was on April 14, 2022 for $625,000 (source: MLS/tax record).
The property 1920 Lirio Way is 3,892 SqFt (source: MLS/tax record).
The year of construction for 1920 Lirio Way is 1984.
This home is located at 1920 Lirio Way in Las Vegas, NV and zip code 89108 in the Central Las Vegas neighborhood. This 3,892 square foot home, which was built in 1984, sits on a 0.16 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 16, 2025 and is currently priced at $799,999.
Las Vegas, NV housing market in June 2025 saw over 238 listings sold above listed price, more than 382 sold at listed price and over 847 sold below. In June 2025 in Las Vegas, NV there were 10.7% more homes for sale than in May. In June 2025, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $442,751.