Two-Unit
For Sale
$358,888
129 George Place, Las Vegas, NV 89106
Two residential units offer a three-bedroom layout and a separate two-bedroom unit for rental or owner occupancy.
Property Size1,833 SF
Price / SF$195.79
Days on Market17
Property Features for 129 George Place
General Information
Standard status
Active
Size
1,833 SF
Property subtype
Multi-Family
Building Details
Year Built
1954
Listing Agency:
United Realty Group
(702) 586-0032
Listed By:
Kristina Allan
(702) 302-2108
Source:
Kallanlvre
Added: Sep 30
Changed: Oct 15
Last Checked: Oct 14 at 10:30PM
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 United Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units totaling 1,833 square feet. One unit has three bedrooms and one bathroom, with a long-term tenant in place. The other offers two bedrooms and one bathroom and is described as needing improvement. A roof replacement and two water heaters were completed in 2024.
The property is at 129 George Place in Las Vegas, with proximity to the downtown district, shopping, dining, and freeway access.
The property is at 129 George Place in Las Vegas, with proximity to the downtown district, shopping, dining, and freeway access.
Key Highlights
- Two units: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and 1 bathroom
- 1,833 square feet total
- Long‑term tenant occupies the 3‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,098
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,960
$422.0K
Cap Rate 7%
$301,400
$301.4K
Cap Rate 9%
$234,422
$234.4K
Market Conditions
NOI Build-Up for 1,833 SF
Gross rent
$31.9K $17.40/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$30.1K $16.44/SF
− OpEx
−$9.0K −$4.93/SF
NOI
$21.1K $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%
$421,960
Cap Rate 7%
$301,400
Cap Rate 9%
$234,422
Alternative Uses
Best Use
Multifamily LT 5
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$278.5K
$243.7K – $325.0K
NOI $19,497 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$633.4K
$554.2K – $739.0K
NOI $44,337 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 89106, NV
27,695
Population
10,906
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
5,430
Density / Sq Mi
$38,848
Median Household Income
$31,265
Median Earnings
$1,169
Median Rent
$263,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a three-bedroom layout and a separate two-bedroom unit for rental or owner occupancy.
Where is this duplex located?
The property is located at 129 George Place Las Vegas, NV.
What is the asking price?
The asking price for this property is $358,888.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1 bathroom, the other with 2 bedrooms and 1 bathroom; 1,833 square feet total; Long‑term tenant occupies the 3‑bedroom unit
