Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Las Vegas Duplex Investment Opportunity Title is generated by Realmo AI

    48 N 28th Street, Las Vegas, NV 89101

    View on Map
    Claim this Listing
    New
    For Sale
    $380,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property size:
    1,436 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $264/SF
    Added:
    May 11, 2026
    Days on Market:
    3
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 48 N 28th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Covered
    Window features
    Blinds
    Interior features
    Ceiling Fan(s), Storage, Window Treatments
    Appliances
    Oven, Range, Refrigerator
    Standard status
    Active
    APN
    139-36-411-073
    Size
    1,436 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    706

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile - Ceramic
    Building materials
    Block, Stucco
    Roof type
    Composition, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jesus E. Moreno

    Listing agent Jesus E. Moreno License #S.0187687

    Listing office Fathom Realty 3585 E Flamingo Rd Ste. #203, Las Vegas, NV

    Listing date May 11, 2026

    MLS# 2781835

    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.

    HighLights

    • Strong rental income potential from two separate units.
    • Newer roof (2 years old) reduces future maintenance costs.
    • Convenient location near shopping, dining, schools, Downtown Las Vegas, and major freeway access.
    • Unit 2 features 3 bedrooms, offering more space.
    • Flexible investment opportunity: live in one unit and rent the other.
    • Covered parking available.

    Overview

    This duplex in Las Vegas presents an investment opportunity, featuring two separate units. Unit 1 includes 1 bedroom and 1 bathroom, while Unit 2 offers 3 bedrooms and 1 bathroom. The property benefits from a newer roof, approximately 2 years old. Its location provides convenient access to shopping, dining, schools, Downtown Las Vegas, and major freeways. The property offers flexibility and potential for generating income. The lot size is 0.16 acres and the property size is 1436 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.11177
    Latitude
    36.161168

    Nearby Similar for Sale

    • $665,000
      3,290 SF

      Las Vegas Fourplex Investment Opportunity

      Well-maintained fourplex in high-demand Las Vegas rental area.
      4961 Apollostar Court, Las Vegas, NV 89115
      View Details
    • $460,000
      1,755 SF

      Las Vegas Duplex with Income

      Upgraded duplex in prime location with rental income potential.
      408 Vandalia Street, Las Vegas, NV 89106
      View Details
    • $390,000

      Luxurious Motorcoach Living Site

      Impeccable site built for year-round comfort and entertainment.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $319,900

      Las Vegas Motorcoach Resort Land

      Land with structures in Las Vegas Motorcoach Resort.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $380,000

      Las Vegas Motorcoach Resort Site

      Fully loaded site with rare privacy and luxury amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $615,000
      3,112 SF

      Las Vegas Fourplex Investment Opportunity

      Fourplex in gated community with pool and strong rental potential.
      2722 Alicialynn Way, Las Vegas, NV 89121
      View Details
    • $950,000
      860 SF

      Upgraded Resort-Style Living in Las Vegas

      Upgraded, fully enclosed structure in Las Vegas Motorcoach Resort.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $305,000

      Luxury Motorcoach Resort Lot

      Guard-gated resort lot with outdoor living and amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $435,000

      Land with Outdoor Living Features

      Landscaped property with outdoor kitchen, lounge, and comfort station.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $699,000
      2,694 SF

      Renovated 4-Plex in Downtown Las Vegas

      Remodeled four-unit property near downtown Las Vegas with strong cashflow.
      1812 Lewis Ave, Las Vegas, NV 89101
      View Details
    • $329,500

      Las Vegas Motorcoach Resort Land

      Corner lot in Las Vegas Motorcoach Resort with premium amenities.
      8175 Arville Street, Las Vegas, NV 89139
      View Details
    • $399,900

      Las Vegas Motorcoach Resort Land

      Oversized lot with extensive amenities in Las Vegas resort.
      8175 Arville Street, Las Vegas, NV 89139
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex near Downtown Las Vegas with strong rental potential.
    Where is this duplex located?
    The property is located at 48 N 28th Street Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Strong rental income potential from two separate units.; Newer roof (2 years old) reduces future maintenance costs.; Convenient location near shopping, dining, schools, Downtown Las Vegas, and major freeway access.
    (702) 845-5922
    We can help!
    Listing Contact
    Jesus E. Moreno
    Real Estate License ID: S.0187687
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    48 N 28th Street, Las Vegas, NV 89101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!