Tenant-Occupied
1037 June Avenue, Las Vegas, NV 89104
For Sale
$421,000
Residential, Las Vegas, NV
Property Size1,292 SF
Lot Size0.14 Acres
Price / SF$325.85
Days on Market144
Property Features for 1037 June Avenue
General Information
Property type
Property subtype
Appliances
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Realty ONE Group, Inc
(702) 898-0101
Listed By:
Daniela Mejia · License NV S.0063711
(702) 273-8221
Added: Jun 24
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# 2794402
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.
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Investment Insights
Based on property information with market context.
This duplex at 1037 June Avenue contains 1,292 square feet on a 0.14-acre lot, with two residential units currently occupied by tenants. Built in 1951, the property features stucco and wood-frame construction, tile flooring, composition and shingle roofing, central heating, electric heat, and central air conditioning. Unit appliances include washers, dryers, refrigerators, and disposals.
The property is served by public water and public sewer and includes ample parking. Its Las Vegas location places it near the Las Vegas Strip, Downtown Las Vegas, and nearby freeway access. There is no HOA. The property is in ZIP Code 89104 in Clark County.
The property is served by public water and public sewer and includes ample parking. Its Las Vegas location places it near the Las Vegas Strip, Downtown Las Vegas, and nearby freeway access. There is no HOA. The property is in ZIP Code 89104 in Clark County.
Key Highlights
- Two‑unit duplex with both residences currently tenant‑occupied
- 1,292 square feet on a 0.14‑acre lot
- Built in 1951 with stucco and wood‑frame construction
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
2
Residential units
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 occupied residential units with ample parking and no HOA requirement.
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 both residences currently tenant‑occupied; 1,292 square feet on a 0.14‑acre lot; Built in 1951 with stucco and wood‑frame construction
