Two-Unit Duplex with
1031 Palm Street, Las Vegas, NV 89104
For Sale
$680,000
Each residence has a private garage and separate utility metering.
Property Size2,878 SF
Price / SF$236.28
Days on Market119
Property Features for 1031 Palm Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Parking per Unit
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Century 21 1st Priority Realty
Listed By:
Cristian Vasquez Campos · License #S.0190546
(702) 835-8855
Source:
Mahsheed
Added: Jul 13
Changed: Nov 7
Last Checked: Nov 7 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 1st Priority Realty
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Investment Insights
Based on property information with market context.
This 2,878-square-foot duplex, built in 2025, contains two residences with matching layouts. Each has three bedrooms, 2.5 bathrooms, and a one-car garage. Interior features include open living areas, shaker-style cabinetry, quartz counters, stainless steel appliances, luxury vinyl plank flooring, LED lighting, and energy-efficient windows. Separate utility meters serve the units, and the exterior is described as low maintenance.
The property is near shopping, dining, schools, parks, and major roadways. Its two-unit configuration and separate metering provide distinct residential spaces within one building.
The property is near shopping, dining, schools, parks, and major roadways. Its two-unit configuration and separate metering provide distinct residential spaces within one building.
Key Highlights
- 2,878‑square‑foot duplex built in 2025
- Two units, each with 3 bedrooms, 2.5 bathrooms, and a 1‑car garage
- Open living areas with shaker cabinetry, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,126
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,520
$662.5K
Cap Rate 7%
$473,229
$473.2K
Cap Rate 9%
$368,067
$368.1K
Market Conditions
NOI Build-Up for 2,878 SF
Gross rent
$50.1K $17.40/SF
− Vacancy
−$2.8K −$0.96/SF
EGI
$47.3K $16.44/SF
− OpEx
−$14.2K −$4.93/SF
NOI
$33.1K $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 Rate 5%
$662,520
Cap Rate 7%
$473,229
Cap Rate 9%
$368,067
Alternative Uses
Best Use
Multifamily LT 5
$473.2K
$414.1K – $552.1K
NOI $33,126 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$437.3K
$382.7K – $510.2K
NOI $30,612 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$994.5K
$870.2K – $1.16M
NOI $69,613 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
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Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Las Vegas, NV
Properties on Market for Duplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private garage and separate utility metering.
Where is this duplex located?
The property is located at 1031 Palm Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2,878‑square‑foot duplex built in 2025; Two units, each with 3 bedrooms, 2.5 bathrooms, and a 1‑car garage; Open living areas with shaker cabinetry, quartz countertops, and stainless steel appliances
