Remodeled Duplex with New
For Sale
$449,000
1809 Linden Avenue, Las Vegas, NV 89101
MULTI_FAMILY - Other - Las Vegas, NV
Property Size2,008 SF
Lot Size0.17 Acres
Price / SF$223.61
Days on Market183
Property Features for 1809 Linden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dryer, Microwave, Oven, Range, Refrigerator, Washer
Subdivision
Boulder Dam Homesite Add Tr #01
Elementary school
,
Directions
FROM 95 EXIT ON NORTH ON EASTERN, LEFT ON BONANZA RD, LEFT ON 19TH ST, RIGHT ON LINDEN
Standard status
Active
APN
139-35-510-037
Size
2,008 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
939
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
IS Luxury
(702) 315-0223
Listed By:
John Diaz · License #S.0178725
(702) 858-9491
Added: Feb 7
Changed: Aug 4
Last Checked: Aug 9 at 6:06PM
MLS# 2753578
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 remodeled duplex offers two units with a practical, low-maintenance layout and durable finishes throughout. Tile flooring runs across both units, supported by interior features including ceiling fans and window treatments. Kitchens include granite counters, crisp white cabinetry, and black appliances, and the bathrooms feature designer tile showers. The home is built with stucco exterior materials, a composition/shingle roof, and central systems for comfort, including electric heating and central air.
Set on a 7,405 sq ft lot, the property provides 2,008 sq ft of total living space across two units. The updates include a completely remodeled interior and a new AC on both units, along with underground plumbing completed in 2022.
Services are connected to public water and public sewer, supporting straightforward operations for both owner-occupants and income-focused buyers.
Set on a 7,405 sq ft lot, the property provides 2,008 sq ft of total living space across two units. The updates include a completely remodeled interior and a new AC on both units, along with underground plumbing completed in 2022.
Services are connected to public water and public sewer, supporting straightforward operations for both owner-occupants and income-focused buyers.
Key Highlights
- Completely remodeled duplex with tile flooring throughout both units
- New AC on both units plus underground plumbing completed in 2022
- 7,405 sq ft lot with 2,008 sq ft total living space across two units
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
$23,112
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
5.15%
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%
$462,240
$462.2K
Cap Rate 7%
$330,171
$330.2K
Cap Rate 9%
$256,800
$256.8K
Market Conditions
NOI Build-Up for 2,008 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
$34.9K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.0K $16.44/SF
− OpEx
−$9.9K −$4.93/SF
NOI
$23.1K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
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%
$462,240
Cap Rate 7%
$330,171
Cap Rate 9%
$256,800
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,112 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$305.1K
$267.0K – $356.0K
NOI $21,358 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$693.8K
$607.1K – $809.5K
NOI $48,569 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
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?
Duplex - Well-maintained duplex featuring tile floors, remodeled finishes, and new AC on both units.
Where is this duplex located?
The property is located at 1809 Linden Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Completely remodeled duplex with tile flooring throughout both units; New AC on both units plus underground plumbing completed in 2022; 7,405 sq ft lot with 2,008 sq ft total living space across two units
