Remodeled Triplex With
For Sale
$900,000
1649 Stocker Street, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size3,094 SF
Lot Size0.23 Acres
Price / SF$290.89
Days on Market174
Property Features for 1649 Stocker Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Storage
Elementary school
,
Directions
East of I-15 Freeway, north of Sahara Avenue. Take Stocker Street north-property is on the right side, easily identified by three separate homes on one lot.
Standard status
Active
APN
139-22-811-002
Size
3,094 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1064
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Tile, Composition, Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Compass Realty & Management
(702) 586-1616
Listed By:
Francisco Chavero · License #S.0204179
(702) 857-4948
Added: Mar 14
Changed: Aug 19
Last Checked: Sep 3 at 11:06PM
MLS# 2763882
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.
Investment Insights
Based on property information with market context.
This 3,094-square-foot triplex contains three separate residences on a 0.23-acre parcel. The units include one two-bedroom, one-bath residence; one three-bedroom, one-bath residence; and one three-bedroom, two-bath residence. Two homes have been fully remodeled, while the third provides a practical living layout. The larger residence also includes a basement suitable for storage or additional flexible space, along with a separate back room.
Built in 1960, the property features brick construction, hardwood and tile flooring, central air conditioning, patios, and ceiling fans. Public water and public sewer serve the parcel. Tile, composition, and shingle roofing are present across the improvements.
Built in 1960, the property features brick construction, hardwood and tile flooring, central air conditioning, patios, and ceiling fans. Public water and public sewer serve the parcel. Tile, composition, and shingle roofing are present across the improvements.
Key Highlights
- 3,094 SF triplex on a 0.23‑acre parcel
- Three separate residences on one lot
- Unit mix includes 2BR/1BA, 3BR/1BA, and 3BR/2BA homes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,235
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$704,700
$704.7K
Cap Rate 7%
$503,357
$503.4K
Cap Rate 9%
$391,500
$391.5K
Market Conditions
NOI Build-Up for 3,094 SF
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.
Gross rent
$53.8K $17.40/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$50.3K $16.27/SF
− OpEx
−$15.1K −$4.88/SF
NOI
$35.2K $11.39/SF
Area
North Las Vegas, NV
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$704,700
Cap Rate 7%
$503,357
Cap Rate 9%
$391,500
Alternative Uses
Best Use
Multifamily LT 5
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$465.2K
$407.0K – $542.7K
NOI $32,562 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$837.3K
$732.6K – $976.8K
NOI $58,610 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences occupy one parcel, combining updated interiors with patios and dedicated storage areas.
Where is this triplex located?
The property is located at 1649 Stocker Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,094 SF triplex on a 0.23‑acre parcel; Three separate residences on one lot; Unit mix includes 2BR/1BA, 3BR/1BA, and 3BR/2BA homes
