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    Renovation-Ready Triplex Property Title is generated by Realmo AI

    1109 Cunningham Drive, Las Vegas, NV 89106

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    Claim this Listing
    New
    For Sale
    $425,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    2,095 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $202/SF
    Added:
    Jun 24, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 27 at 12:06 pm

    Property Features for 1109 Cunningham Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Window features
    Blinds
    Interior features
    Ceiling Fan(s), Window Treatments
    Exterior features
    Private Yard
    Appliances
    Disposal, Oven, Range, Refrigerator
    Standard status
    Active
    APN
    139-28-612-019
    Size
    2,095 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1088

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Sheila Adiele

    Listing agent Sheila Adiele License #B.0019543

    Listing office Bold Step Realty LLC 6725 S Eastern Ave #3, Las Vegas, NV

    Listing date Jun 24, 2026

    MLS# 2794329

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Block construction with concrete flooring throughout
    • Central air and central electric heating
    • Public water and public sewer
    • Appliances include refrigerator, range, oven, and disposal
    • Private yard
    • Roofing includes shingle/composition materials; built in 1957

    Overview

    This property is a multifamily triplex configured for three separate families. It is presented for a complete renovation, allowing an investor or owner-occupant to tailor the finished condition to their preferred layout, finishes, and rental-ready standard.

    Located in Las Vegas, Nevada at 1109 Cunningham Drive (Clark County, ZIP 89106), the site sits on a 0.16-acre lot with approximately 2,095 square feet of total property size.

    For tenants and buyers seeking an owner-managed or investor-run rental setup, the triplex format supports having three independent units under one roof. The listing’s remarks indicate flexibility for an owner to live in one unit while renting the other two. The seller also notes potential rental income “up to $1,500 for each unit once renovated,” which may be relevant for underwriting the renovation plan and resulting unit mix once construction is complete.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $36.5k $17.40
    − Vacancy −$2.0k −$0.96
    EGI $34.4k $16.44
    − OpEx −$10.3k −$4.93
    NOI $24.1k $11.51
    2,095 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $344.5K
    $301.4K – $401.9K (±1% cap)
    NOI $24,114 @ 7.0% cap · market cap 5.67%
    Second Best
    Apartment 5plus
    $318.3K
    $278.6K – $371.4K (±1% cap)
    NOI $22,284 @ 7.0% cap · market cap 5.24%
    Theoretical Best
    Specialty Retail
    $723.9K
    $633.4K – $844.6K (±1% cap)
    NOI $50,674 @ 7.0% cap · market cap 11.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.153173
    Latitude
    36.18324

    FAQs

    What type of property is this?
    Triplex - Triplex for sale in Las Vegas designed for three rental units after renovation.
    Where is this triplex located?
    The property is located at 1109 Cunningham Drive Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Block construction with concrete flooring throughout; Central air and central electric heating; Public water and public sewer
    More about this property
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