Triplex with Central
For Sale
$777,000
320 N 10th Street, Las Vegas, NV 89101
MULTI_FAMILY - Other - Las Vegas, NV
Property Size2,016 SF
Lot Size0.17 Acres
Price / SF$385.42
Days on Market116
Property Features for 320 N 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
3
Interior features
Ceiling Fan(s)
Appliances
Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
Subdivision
Fairview Tr
Elementary school
,
Directions
From Las Vegas Boulevard, East on Stewart, L /North on 10th St, property on right at 320 N 10th St.
Standard status
Active
APN
139-35-211-011
Size
2,016 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2205
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
General Realty Group Inc
(702) 736-4664
Listed By:
Ryan D. Hogge · License #S.0044791
(702) 592-4907
Added: Apr 16
Changed: Aug 2
Last Checked: Aug 9 at 1:06AM
MLS# 2772517
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.
Triplex property built in 1953 with wood frame construction. Interior features include ceiling fans and tile flooring. The home is equipped with central cooling (central air) and heating that includes electric heating and central heating. Appliances listed include a washer, dryer, refrigerator, dishwasher, microwave, oven, and range. Public utilities include public water and public sewer.
The property is located in Downtown Las Vegas at 320 N 10th Street. Unit C is month to month, and tenants are in place, so do not disturb.
For showings and underwriting, prospective buyers should plan around tenant occupancy, with attention to Unit C’s month-to-month status and each unit’s in-place utilities and appliances.
The property is located in Downtown Las Vegas at 320 N 10th Street. Unit C is month to month, and tenants are in place, so do not disturb.
For showings and underwriting, prospective buyers should plan around tenant occupancy, with attention to Unit C’s month-to-month status and each unit’s in-place utilities and appliances.
Key Highlights
- 0.17‑acre lot
- 2016 SF triplex property
- Built in 1953 with wood frame construction
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
$23,204
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
2.99%
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%
$464,080
$464.1K
Cap Rate 7%
$331,486
$331.5K
Cap Rate 9%
$257,822
$257.8K
Market Conditions
NOI Build-Up for 2,016 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
$35.1K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.1K $16.44/SF
− OpEx
−$9.9K −$4.93/SF
NOI
$23.2K $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%
$464,080
Cap Rate 7%
$331,486
Cap Rate 9%
$257,822
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.7K
NOI $23,204 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$696.6K
$609.5K – $812.7K
NOI $48,763 @ 7.0% cap · market cap 6.28%
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
3,712
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?
Triplex - Triplex on a 0.17-acre lot with central air, tile floors, and public water and sewer service.
Where is this triplex located?
The property is located at 320 N 10th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $777,000.
What are key features of this property?
This property features: 0.17‑acre lot; 2016 SF triplex property; Built in 1953 with wood frame construction
