Remodeled Single-Story
For Sale
$500,000
67 Wyoming Avenue, Henderson, NV 89015
MULTI_FAMILY - Other - Henderson, NV
Property Size2,241 SF
Lot Size0.13 Acres
Price / SF$223.11
Days on Market32
Property Features for 67 Wyoming Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Dryer, Dishwasher, Refrigerator, Washer
Subdivision
Henderson Townsite
Elementary school
,
Directions
From Boulder Hwy & Lake Mead go South on Boulder Hwy, then W on Texas, L on Pacific, then R on Wyoming to property on left.
Standard status
Active
APN
179-18-611-130
Size
2,241 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
1040
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1942
Floors in Building
1
Number of units
1
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Signature Real Estate Group
(702) 799-9598
Listed By:
George Kypreos · License #BS.1001699
(702) 604-9605
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 9 at 9:06AM
MLS# 2799181
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 single-story duplex contains two fully renovated residences within a 2,241-square-foot property built in 1942. One side offers 3 bedrooms and 2 bathrooms; the other includes 2 bedrooms, a den, and 1 bathroom. Interior and exterior paint, finishes, and building systems have been updated, while each residence has its own private yard.
The property is situated near Henderson’s Water Street District. Public water and sewer serve the site, and the building includes central heating, electric heat, central air conditioning, a composition shingle roof, and household appliances including washers, dryers, dishwashers, and refrigerators. The 0.13-acre parcel provides a compact residential income property configuration with two distinct living spaces.
The property is situated near Henderson’s Water Street District. Public water and sewer serve the site, and the building includes central heating, electric heat, central air conditioning, a composition shingle roof, and household appliances including washers, dryers, dishwashers, and refrigerators. The 0.13-acre parcel provides a compact residential income property configuration with two distinct living spaces.
Key Highlights
- Two‑unit duplex with 2,241 square feet of property size
- 3 Bed/2 Bath residence paired with a 2 Bed + Den/1 Bath residence
- Fully renovated interiors with new finishes and updated systems
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
$25,947
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
5.19%
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%
$518,940
$518.9K
Cap Rate 7%
$370,671
$370.7K
Cap Rate 9%
$288,300
$288.3K
Market Conditions
NOI Build-Up for 2,241 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
$39.0K $17.40/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$37.1K $16.54/SF
− OpEx
−$11.1K −$4.96/SF
NOI
$25.9K $11.58/SF
Area
ZIP 89015
Vacancy
4.94%
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%
$518,940
Cap Rate 7%
$370,671
Cap Rate 9%
$288,300
Alternative Uses
Best Use
Multifamily LT 5
$370.7K
$324.3K – $432.5K
NOI $25,947 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$340.5K
$298.0K – $397.3K
NOI $23,837 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 89015, NV
41,203
Population
16,812
Households
2.5
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
37.3 sq mi
ZIP Area
1,105
Density / Sq Mi
$71,300
Median Household Income
$41,509
Median Earnings
$1,324
Median Rent
$373,700
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 - Two renovated residences offer separate private yards, updated systems, and central heating and cooling.
Where is this duplex located?
The property is located at 67 Wyoming Avenue Henderson, NV.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,241 square feet of property size; 3 Bed/2 Bath residence paired with a 2 Bed + Den/1 Bath residence; Fully renovated interiors with new finishes and updated systems
