Map of Property

**PRICE REDUCED BY $240K** Fortune Villas

For Sale

2216, 2220, 2224 Tam Dr, Las Vegas, NV 89102

This Las Vegas property for sale is located at 2216, 2220, 2224 Tam Dr. The current listed sale price for **PRICE REDUCED BY $240K** Fortune Villas is $2,760,000. **PRICE REDUCED BY $240K** Fortune Villas is situated on a lot that is 0.48 acre in size.

Contacts

Robin Willett

Northcap Multifamily

Property Details

  • Property Type Multi-Family
  • Property Size 10,515 SF
  • Units 24
  • Lot Size 0.48 Acre
  • Year Built 1961
  • Year Renovated 2026
  • Date Updated Jun 22, 2026
Ideally located at the heart of the north Las Vegas Strip and flourishing south Downtown District, Fortune Villas Apartments offers unparalleled proximity to Las Vegas' premier employment and entertainment areas. The property sits just blocks away from the world-famous STRAT Hotel & Casino, among numerous other entertainment venues, local restaurants, and shops. Residents benefit from exceptional public transportation access with multiple RTC bus routes along Las Vegas Boulevard and Sahara Avenue, along with the ACE Rapid Transit system providing express service to major employment centers. The surrounding south Downtown Las Vegas neighborhood is in active revitalization with existing properties experiencing massive rehabilitation and flooding new developments that have not been seen in the area for decades. This central location serves the substantial workforce employed along the Strip corridor while offering the urban connectivity, making Fortune Villas an ideal choice for hospitality employees, service workers, and professionals seeking accessibility Las Vegas' economic core.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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Highlights

  • Courtyard Design
  • Multiple Buildings with Separation
  • Public Transportation Access
  • R-4 Zoning
  • Recently Renovated Units Available
  • Walking Distance to Strip Employment

Attachments

Getting around

  • 78/100

    Walk Score ®

  • 50/100

    Transit Score ®

  • 50/100

    Bike Score ®

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Location

  • City Las Vegas, NV
  • Neighborhood Gateway District
  • Zip Code 89102
  • Market Las Vegas

Points of Interest

  • Sahara

    0.50 miles

  • LVCC West Station

    0.92 miles

  • LVCC Central Station

    1.16 miles

  • Boingo/Las Vegas Convention Center

    1.23 miles

  • Rideshare Pickup

    2.24 miles

  • Bellagio Tram Station

    2.63 miles

  • The Crystals Tram Station

    2.73 miles

  • Park MGM Tram Station

    2.88 miles

  • MGM Grand

    3.02 miles

  • Excalibur North

    3.25 miles

  • Circle K

    0.31 miles

  • 7-Eleven

    0.38 miles

  • Arco

    0.69 miles

  • 76

    0.81 miles

  • Rebel

    0.92 miles

  • Chevron

    1.03 miles

  • Tesla Supercharger

    1.31 miles

  • Tesla Destination Charger

    2.05 miles

  • Linq High Roller Supercharger

    2.06 miles

  • ChargePoint

    2.31 miles

  • LVCC - Diamond Lot

    0.83 miles

  • Las Vegas North Premium Outlets Self Parking

    1.07 miles

  • LVCC - Silver Lot

    1.15 miles

  • LVCC - Blue Lot

    1.21 miles

  • Encore Self Parking

    1.21 miles

  • Regional Transportation Commission of Southern Nevada Self Parking

    1.23 miles

  • Trump International Hotel Valet Parking

    1.27 miles

  • LVCC - Silver Lot #3

    1.29 miles

  • Ahern

    0.15 miles

  • El Mirador Motel Las Vegas

    0.30 miles

  • Aztec Inn

    0.33 miles

  • Fun City Motel

    0.38 miles

  • Holiday Motel

    0.38 miles

  • Strat Hotel, Casino and Tower

    0.39 miles

  • Hilton Grand Vacations on the Boulevard

    0.44 miles

  • Artisan Hotel Boutique

    0.45 miles

  • Circus Circus Las Vegas Manor Motor Lodge

    0.46 miles

  • St. Louis Manor

    0.52 miles

  • Ross

    0.90 miles

  • Smith's

    1.25 miles

  • Las Vegas North Premium Outlets

    1.26 miles

  • Macy's Mens

    1.35 miles

  • Nordstrom

    1.37 miles

  • Fashion Show Mall

    1.40 miles

  • Saks Off 5th

    1.40 miles

  • Macy's

    1.43 miles

  • Dillard's

    1.44 miles

  • Saks Fifth Avenue

    1.45 miles

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