Two-Unit Duplex with Private
For Sale
$358,888
129 George Place, Las Vegas, NV 89106
Residential, Las Vegas, NV
Property Size1,833 SF
Lot Size0.16 Acres
Price / SF$195.79
Days on Market8
Property Features for 129 George Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Private Yard
Appliances
Oven, Range
Subdivision
Cadillac Arms Tr 1
Elementary school
,
Directions
15N take exit 43 toward Washington Ave. Turn Left onto D street. Right onto Paul Ave. Left onto George Pl. Property will be on the right.
Standard status
Active
APN
139-22-411-064
Size
1,833 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
644
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
Listed By:
Linda Ngau · License #S.0183819
(702) 898-1010
Added: Sep 29
Last Checked: Oct 6 at 7:06PM
MLS# 2821179
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 1,833-square-foot duplex contains two residences: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. The property occupies a 0.16-acre lot with a private yard. Stucco construction, tile flooring, electric wall-furnace heat, and window-unit cooling are among the existing features. The roof and both water heaters were replaced in 2024. The building dates to 1954, and public water and sewer serve the property.
One residence has a long-term tenant in place; the other is described as needing updates. The property is near downtown Las Vegas, shopping, and dining, with freeway access a short drive away.
One residence has a long-term tenant in place; the other is described as needing updates. The property is near downtown Las Vegas, shopping, and dining, with freeway access a short drive away.
Key Highlights
- Duplex with 1,833 square feet on a 0.16‑acre lot
- Two residences: 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom
- Roof and 2 water heaters installed in 2024
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - A long-term occupant is in place in one residence, while the other could benefit from updating.
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: Duplex with 1,833 square feet on a 0.16‑acre lot; Two residences: 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom; Roof and 2 water heaters installed in 2024
