Duplex with Private
New
For Sale
$425,000
2155 Belmont Street, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size1,700 SF
Lot Size0.12 Acres
Price / SF$250
Days on Market2
Property Features for 2155 Belmont Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Range Hood
Subdivision
East Vegas Tr
Elementary school
,
Directions
Civic Center Dr & Lake Mead Blvd. Head east on E Lake Mead Blvd, Turn left onto N Belmont St. The property will be on the left.
Standard status
Active
APN
139-24-610-002
Size
1,700 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
1294
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
dedicated patio space
Building Details
Year built
1981
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Stucco, Wood Frame
Roof type
Shake
Architectural style
Other
Listing Agency:
Renaissance Realty Inc
(702) 400-4280
Listed By:
John A. Gobber · License #B.1002634
(702) 945-2755
Added: Oct 1
Last Checked: Oct 2 at 2:06AM
MLS# 2823147
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 1,700-square-foot duplex contains two residences on a 0.12-acre lot. Both units have open-plan interiors with vinyl flooring, bedrooms, and kitchens fitted with solid-surface counters, cabinet storage, stainless steel appliances, and peninsula seating. Each residence also has its own patio, while an extended driveway provides off-street parking.
Built in 1981, the property has central heating with natural gas and central air conditioning. Public water and public sewer serve the site.
Built in 1981, the property has central heating with natural gas and central air conditioning. Public water and public sewer serve the site.
Key Highlights
- Two‑unit duplex with 1,700 square feet of building area
- 0.12‑acre lot
- Separate patio space for each unit
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
$19,360
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
4.56%
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%
$387,200
$387.2K
Cap Rate 7%
$276,571
$276.6K
Cap Rate 9%
$215,111
$215.1K
Market Conditions
NOI Build-Up for 1,700 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
$29.6K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.7K $16.27/SF
− OpEx
−$8.3K −$4.88/SF
NOI
$19.4K $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%
$387,200
Cap Rate 7%
$276,571
Cap Rate 9%
$215,111
Alternative Uses
Best Use
Multifamily LT 5
$276.6K
$242.0K – $322.7K
NOI $19,360 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$255.6K
$223.6K – $298.2K
NOI $17,891 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$460.0K
$402.5K – $536.7K
NOI $32,203 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
875
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences feature open layouts, stainless steel appliances, and individual outdoor areas.
Where is this duplex located?
The property is located at 2155 Belmont Street North 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: Two‑unit duplex with 1,700 square feet of building area; 0.12‑acre lot; Separate patio space for each unit
