Two-Unit Duplex with
For Sale
$460,000
1414 Rexford Place, Las Vegas, NV 89104
Residential, Las Vegas, NV
Property Size1,995 SF
Lot Size0.16 Acres
Price / SF$230.58
Days on Market141
Property Features for 1414 Rexford Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Oven, Range, Refrigerator
Subdivision
Paradise Grove
Elementary school
,
Directions
From Oakey/Las Vegas Blvd, head east on Oakey, left on Rexford, building on left.
Standard status
Active
APN
162-03-211-032
Size
1,995 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1254
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Tile
Building materials
Block
Roof type
Flat
Architectural style
Other
Listing Agency:
Platinum Real Estate Prof
(702) 616-9400
Listed By:
Christianne A. Yates · License #S.0167781
(702) 818-0747
Added: Apr 13
Changed: Aug 19
Last Checked: Aug 31 at 12:06PM
MLS# 2773320
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 1,995-square-foot duplex contains two residential units, configured with two bedrooms in one unit and three bedrooms in the other. Both units have access to a private courtyard. The property was built in 1954 with block construction and includes ceramic tile flooring, ceiling fans, window treatments, central heating, central air conditioning, and a kitchen appliance package with an oven, range, and refrigerator.
The 0.16-acre property is served by public water and public sewer. A flat roof completes the exterior, while the interior layout provides separate residential spaces within a compact duplex configuration.
The 0.16-acre property is served by public water and public sewer. A flat roof completes the exterior, while the interior layout provides separate residential spaces within a compact duplex configuration.
Key Highlights
- Two‑unit duplex with one 2‑bedroom unit and one 3‑bedroom unit
- 1,995 square feet of building area on a 0.16‑acre lot
- Private courtyard accessible to both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$459,260
$459.3K
Cap Rate 7%
$328,043
$328.0K
Cap Rate 9%
$255,144
$255.1K
Market Conditions
NOI Build-Up for 1,995 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.7K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$32.8K $16.44/SF
− OpEx
−$9.8K −$4.93/SF
NOI
$23.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$459,260
Cap Rate 7%
$328,043
Cap Rate 9%
$255,144
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,963 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$303.1K
$265.3K – $353.7K
NOI $21,220 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,645
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom configurations and access to a private courtyard.
Where is this duplex located?
The property is located at 1414 Rexford Place Las Vegas, NV.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom unit and one 3‑bedroom unit; 1,995 square feet of building area on a 0.16‑acre lot; Private courtyard accessible to both units
