$795,000
SOLD AUG 11, 2025

1920 Lirio Way Las Vegas, NV 89108

Michael Way Neighborhood
-- Bed
-- Bath
3,892 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$204 Per Sq Ft

1% Below List Price

56 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Property is in very good condition
  • Storage
  • Central Heating and Cooling System

About This Home

As of August 2025

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.

Last Agent to Sell the Property

Catherine Hyde

Simply Vegas Brokerage Phone: (702) 408-2289 License #S.0070366 Listed on: 06/16/2025

Simply Vegas

Last Buyer's Agent

Catherine Hyde

Simply Vegas Brokerage Phone: (702) 408-2289 License #S.0070366 Listed on: 06/16/2025

Simply Vegas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,797

Year Built

  • Built in 1984

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,892 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • Tile Flooring

Kitchen

  • Oven
  • Range

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 4 Units
  • Sierra Oeste Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,797

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Subdivision Name: Sierra Oeste
  • Directions: LAKE MEAD & RAINBOW, Take US-95 N to W Lake Mead Blvd in Las Vegas. Follow W Lake Mead Blvd to Lirio Way.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1984
  • Attribution Contact: (702) 408-2289
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Tile
  • Interior Amenities: Storage
  • Living Area: 3892.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Resale, Very Good Condition
  • Roof: Flat

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: None

Schools

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Additional Parcels Description: ---

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2797.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2025
Closed on
Jul 19, 2025
Sold by
Kashi Property Group Llc
Bought by
Zodiark Llc
Seller's Agent
Catherine Hyde
Simply Vegas
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$799,999
Sold Price
$795,000
Premium/Discount to List
-$4,999
-0.62%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.20%
Original Mortgage
$596,250
Outstanding Balance
$595,739
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$174,275

Purchase Details

Listed on
Feb 16, 2022
Closed on
Apr 14, 2022
Sold by
Wayne Tyler
Bought by
Kashi Property Group Llc
Seller's Agent
Anthony Sipes
BHHS Nevada Properties
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$484,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 30, 2022
Sold by
Wayne Tyler
Bought by
Kashi Property Group Llc
Seller's Agent
Anthony Sipes
BHHS Nevada Properties
Buyer's Agent
Catherine Hyde
Simply Vegas
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2021
Closed on
Aug 7, 2021
Sold by
Diaz Martha A
Bought by
Tyler Wayne
Seller's Agent
Gisela Galvan
RE/MAX CENTRAL
Buyer's Agent
Deanna Bowden
Huntington & Ellis, A Real Est
List Price
$525,000
Sold Price
$545,000
Premium/Discount to List
$20,000
3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.28%
Original Mortgage
$520,000
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jul 10, 2018
Sold by
Mmm Family Foundation
Bought by
Diaz Martha A
Seller's Agent
Wanda Ockey
HomeSmart Encore
Buyer's Agent
Gisela Galvan
RE/MAX CENTRAL
List Price
$365,000
Sold Price
$370,000
Premium/Discount to List
$5,000
1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.17%
Original Mortgage
$277,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2017
Sold by
Lag Vegas Llc
Bought by
Mmm Family Founcaiton

Purchase Details

Closed on
Dec 16, 2010
Sold by
Th Development Inc
Bought by
Thd Las Vegas Llc

Purchase Details

Closed on
Feb 18, 2010
Sold by
The Bank Of New York Mellon
Bought by
Th Development Inc

Purchase Details

Closed on
Nov 3, 2009
Sold by
Gong Ray B and Gong Wanda Y
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Sep 5, 2005
Sold by
Chin Henry and Chin Gui X Liang
Bought by
Gong Ray B and Gong Wanda Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2004
Sold by
Salcido Oscar
Bought by
Chin Henry and Liang Chin Gui X

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.29%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 11, 2000
Sold by
Foht Dennis R and Foht Paula J
Bought by
Salcido Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,828
Interest Rate
8.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $795,000 Ticor Title
Bargain Sale Deed $625,000 Clear Title
Bargain Sale Deed $625,000 Clear Title
Bargain Sale Deed $545,000 First American Title Insu
Bargain Sale Deed $370,000 First American Title Insu
Bargain Sale Deed $326,000 None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed $142,000 First American Title Paseo
Trustee Deed $138,000 Fidelity National Default S
Bargain Sale Deed $535,000 Old Republic Title Co Of Nv
Bargain Sale Deed $385,000 Lawyers Title Of Nevada
Bargain Sale Deed $204,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $596,250 New Conventional
Previous Owner $484,500 New Conventional
Previous Owner $484,500 New Conventional
Previous Owner $520,000 VA
Previous Owner $277,500 New Conventional
Previous Owner $416,000 New Conventional
Previous Owner $250,000 Unknown
Previous Owner $40,000 Credit Line Revolving
Previous Owner $200,000 Unknown
Previous Owner $14,000 Credit Line Revolving
Previous Owner $202,828 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Sold $795,000 -0.6% $204 / Sq Ft
06/16/2025 06/16/25 For Sale $799,999 +28.0% $206 / Sq Ft
04/14/2022 04/14/22 Sold $625,000 0.0% $161 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $625,000 +14.7% $161 / Sq Ft
08/27/2021 08/27/21 Sold $545,000 +3.8% $140 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $525,000 +41.9% $135 / Sq Ft
07/11/2018 07/11/18 Sold $370,000 +1.4% $95 / Sq Ft
06/11/2018 06/11/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $365,000 -- $94 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,797 $115,604 $54,950 $60,654
2024 $2,590 $115,604 $54,950 $60,654
2023 $2,590 $104,812 $47,600 $57,212
2022 $2,399 $96,938 $42,000 $54,938
2021 $3,903 $85,730 $32,900 $52,830
2020 $2,060 $84,188 $30,800 $53,388
2019 $1,930 $83,015 $29,400 $53,615
2018 $1,842 $78,973 $26,600 $52,373
2017 $2,336 $71,257 $18,375 $52,882
2016 $1,725 $63,236 $15,400 $47,836
2015 $1,724 $59,270 $14,000 $45,270
2014 $1,670 $49,440 $11,200 $38,240
Source: Public Records

Agents Affiliated with this Home

  • Catherine Hyde

    Seller's Agent in 2025

    Catherine Hyde

    Simply Vegas

    (702) 408-6455

    8 in this area

    130 Total Sales

    Catherine Hyde
    Section Image

  • A

    Seller's Agent in 2022

    Anthony Sipes

    BHHS Nevada Properties

  • Gisela Galvan

    Seller's Agent in 2021

    Gisela Galvan

    RE/MAX

    (702) 271-2074

    3 in this area

    87 Total Sales

    Gisela Galvan
    Section Image
  • Deanna Bowden

    Buyer's Agent in 2021

    Deanna Bowden

    Huntington & Ellis, A Real Est

    (702) 493-4905

    1 in this area

    30 Total Sales

    Deanna Bowden
    Section Image
  • Wanda Ockey

    Seller's Agent in 2018

    Wanda Ockey

    HomeSmart Encore

    (702) 604-0999

    54 Total Sales

    Wanda Ockey
    Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2692240

Las Vegas REALTORS®

APN: 138-23-710-005

Nevada Clark County Las Vegas 89108 Michael Way

1920 Lirio Way, Las Vegas, NV

This home is located at 1920 Lirio Way, Las Vegas, NV 89108 and is currently priced at $795,000, approximately $204 per square foot. This property was built in 1984. 1920 Lirio Way is a home located in Clark County with nearby schools including Paul E. Culley Elementary School, J. Harold Brinley Middle School, and Western High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Las Vegas REALTORS® 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. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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