Duplex with Ample
1037 June Avenue, Las Vegas, NV 89104
For Sale
$421,000
Two-unit duplex built in 1951 with ample parking and no HOA.
Property Size1,292 SF
Days on Market138
Property Features for 1037 June Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Realty ONE Group, Inc
Listed By:
Daniela Mejia · License #S.0063711
(702) 273-8221
Source:
Vicerealtygroup
Added: Jun 24
Changed: Oct 31
Last Checked: Nov 8 at 1:16PM
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 Realty ONE Group, Inc
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Investment Insights
Based on property information with market context.
This duplex offers a two-unit setup with ample parking. The property was built in 1951 and is presented as an investment with one unit currently available to preview.
The location places it near the Las Vegas Strip and Downtown, with nearby freeway access for convenient commuting and everyday travel. No HOA is associated with the property.
For buyers looking for a simple two-unit residential income structure, this duplex provides a straightforward configuration: two units on one property with parking onsite and the ability to preview the unit that’s currently available.
The location places it near the Las Vegas Strip and Downtown, with nearby freeway access for convenient commuting and everyday travel. No HOA is associated with the property.
For buyers looking for a simple two-unit residential income structure, this duplex provides a straightforward configuration: two units on one property with parking onsite and the ability to preview the unit that’s currently available.
Key Highlights
- Two‑unit duplex with one unit available to preview
- Built in 1951
- Ample parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,871
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,420
$297.4K
Cap Rate 7%
$212,443
$212.4K
Cap Rate 9%
$165,233
$165.2K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$22.5K $17.40/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$21.2K $16.44/SF
− OpEx
−$6.4K −$4.93/SF
NOI
$14.9K $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%
$297,420
Cap Rate 7%
$212,443
Cap Rate 9%
$165,233
Alternative Uses
Best Use
Multifamily LT 5
$212.4K
$185.9K – $247.9K
NOI $14,871 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$196.3K
$171.8K – $229.0K
NOI $13,742 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$446.4K
$390.6K – $520.9K
NOI $31,251 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
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 - Two-unit duplex built in 1951 with ample parking and no HOA.
Where is this duplex located?
The property is located at 1037 June Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $421,000.
What are key features of this property?
This property features: Two‑unit duplex with one unit available to preview; Built in 1951; Ample parking on site
