Las Vegas ranks second thanks to its strong yields and highly favorable tax conditions that appeal to multifamily investors.
The market posts a ~7.07% cap rate combined with a low ~0.50% property tax rate, supporting solid investment performance.
It stands out for large properties, with average building sizes reaching nearly ~79K sq ft across multifamily assets.
Properties also feature higher unit counts, averaging roughly 60 units per building, which allows for greater operational efficiency.
These characteristics make Las Vegas especially attractive for investors seeking scalable assets and consistent rental income growth.
Las Vegas: A Multifamily Investment Hotspot | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business
