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    Downtown Las Vegas Triplex

    1520 Stewart Avenue Las Vegas, NV 89101

    1520 Stewart Avenue, Las Vegas, NV, 89101
    $350,000
    For Sale
    Claim this Listing
    $350,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property Size1,666 SF
    Lot Size0.14 Acres
    Price / SF$210.08
    AddedMay 22
    Days on Market56
    Last RefreshJul 16 at 4:06 am

    Property Features for 1520 Stewart Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Oven, Range, Refrigerator
    Standard status
    Active
    APN
    139-35-312-024
    Size
    1,666 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    828

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1943
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Vinyl
    Building materials
    Wood Frame
    Architectural style
    Other

    Listing agent Ryan Crighton License #BS.0000254

    Listing office Rothwell Gornt Companies 105 N Pecos Rd Ste 140, Henderson, NV

    Listing date May 22, 2026

    MLS# 2785099

    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 property is a single-story triplex with a total of three units, located in downtown Las Vegas. The property includes two one-bedroom, one-bathroom units and one studio unit. Situated in the heart of Las Vegas, it is close to the Downtown Strip, Las Vegas Boulevard, and major highways. The property offers a spacious layout and a private entrance.

    Key Highlights

    • Prime Downtown Las Vegas Location: Close to the Strip, Las Vegas Blvd, and major highways.
    • Three Units: Includes two 1 bed/1 bath units and one studio unit.
    • Single‑Story Duplex: Offers ease of access and a unique layout.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $29.0k $17.40
    − Vacancy −$1.6k −$0.96
    EGI $27.4k $16.44
    − OpEx −$8.2k −$4.93
    NOI $19.2k $11.51
    1,666 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $273.9K
    $239.7K – $319.6K (±1% cap)
    NOI $19,176 @ 7.0% cap · market cap 5.48%
    Second Best
    Apartment 5plus
    $253.2K
    $221.5K – $295.4K (±1% cap)
    NOI $17,721 @ 7.0% cap · market cap 5.06%
    Theoretical Best
    Specialty Retail
    $575.7K
    $503.7K – $671.6K (±1% cap)
    NOI $40,297 @ 7.0% cap · market cap 11.51%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store Nursing Home (Bike/Boat/Book/etc) Store Locksmith

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - Triplex with three units near Downtown Las Vegas Strip.
    Where is this triplex located?
    The property is located at 1520 Stewart Avenue Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime Downtown Las Vegas Location: Close to the Strip, Las Vegas Blvd, and major highways.; Three Units: Includes two 1 bed/1 bath units and one studio unit.; Single‑Story Duplex: Offers ease of access and a unique layout.
    Contact an agent
    (702) 217-1048
    We can help!
    Contact an agent
    Ryan Crighton
    Real Estate License ID: BS.0000254
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