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    Las Vegas Duplex with Income

    2204 S 15th Street Las Vegas, NV 89104

    2204 S 15th Street, Las Vegas, NV, 89104
    $475,000
    For Sale
    Claim this Listing
    $475,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property Size1,826 SF
    Lot Size0.16 Acres
    Price / SF$260.13
    AddedFeb 20
    Days on Market146
    Last RefreshJul 16 at 7:06 am

    Property Features for 2204 S 15th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Covered
    Standard status
    Active
    APN
    162-02-410-130
    Size
    1,826 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1115

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    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
    Block
    Roof type
    Shingle, Composition
    Architectural style
    Other

    Listing agent Evelyn Torres License #S.0189285

    Listing office Realty ONE Group, Inc 10750 W Charleston Blvd #180, NV

    Listing date Feb 20, 2026

    MLS# 2758057 Listing URL

    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 charming duplex in Las Vegas features a total of 5 bedrooms and 2 bathrooms, presenting a solid investment opportunity. The property has no Homeowners Association fees. One unit, featuring 3 bedrooms, is currently tenant-occupied with a long-term month-to-month tenant of approximately 7 years, providing immediate rental income. The second unit, with 2 bedrooms, offers the opportunity to add value or occupy. The property includes covered parking and a fenced front yard. The 2-bedroom unit features newly updated kitchen and bathroom cabinets. The property is being sold AS IS. The lot size is 0.16 acres. The property size is 1826 square feet.

    Key Highlights

    • Immediate rental income from tenant‑occupied 3‑bedroom unit.
    • Duplex property with potential for owner occupancy or increased rental income from the 2‑bedroom unit.
    • No HOA fees.

    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 $31.8k $17.40
    − Vacancy −$1.7k −$0.96
    EGI $30.0k $16.44
    − OpEx −$9.0k −$4.93
    NOI $21.0k $11.51
    1,826 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $300.2K
    $262.7K – $350.3K (±1% cap)
    NOI $21,017 @ 7.0% cap · market cap 4.42%
    Second Best
    Apartment 5plus
    $277.5K
    $242.8K – $323.7K (±1% cap)
    NOI $19,422 @ 7.0% cap · market cap 4.09%
    Theoretical Best
    Specialty Retail
    $631.0K
    $552.1K – $736.1K (±1% cap)
    NOI $44,167 @ 7.0% cap · market cap 9.30%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Daycare Center (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Garden Center Butcher (Bike/Boat/Book/etc) Store Storage Facility Locksmith

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

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    FAQs

    What type of property is this?
    Duplex - Charming duplex with tenant-occupied unit and value-add potential.
    Where is this duplex located?
    The property is located at 2204 S 15th Street Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Immediate rental income from tenant‑occupied 3‑bedroom unit.; Duplex property with potential for owner occupancy or increased rental income from the 2‑bedroom unit.; No HOA fees.
    Contact an agent
    (702) 738-3581
    We can help!
    Contact an agent
    Evelyn Torres
    Real Estate License ID: S.0189285
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