Duplex With Private
For Sale
$544,999
1569 Hialeah Dr, Las Vegas, NV 89119
Two single-story residences offer private outdoor space, fireplaces, and layouts designed for independent living.
Property Size2,067 SF
Lot Size0.24 Acres
Price / SF$263.67
Days on Market187
Property Features for 1569 Hialeah Dr
General Information
Standard status
Active
Size
2,067 SF
Lot size
0.24 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Cap Rate
5.6%
Amenities
fenced backyard
courtyard entrance
fireplace
Building Details
Year Built
1977
Buildings
1
Stories
1
Listing Agency:
Simply Vegas
(702) 439-3388
Listed By:
Jillian Hyde (702) 439-3388 · License #S.194939
Source:
Lasvegasareahomes4sale
Added: Feb 22
Changed: Aug 28
Last Checked: Aug 25 at 7:05AM
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 Simply Vegas
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 2-bath residences within a 2,067-square-foot property built in 1977. Each unit includes a private garage, fenced backyard, courtyard entry, fireplace, and single-story layout. The property sits on an expansive 10,454-square-foot lot and combines separate-home features with a two-unit configuration.
The Las Vegas address provides access to UNLV, Harry Reid International Airport, the Las Vegas Strip, and major employment hubs. The property is currently generating a 5.6% cap rate, offering an income-producing multifamily format with distinct residences and dedicated outdoor areas.
The Las Vegas address provides access to UNLV, Harry Reid International Airport, the Las Vegas Strip, and major employment hubs. The property is currently generating a 5.6% cap rate, offering an income-producing multifamily format with distinct residences and dedicated outdoor areas.
Key Highlights
- Two 2‑bedroom, 2‑bath residences
- 2,067‑square‑foot duplex built in 1977
- Each unit includes a private garage and fenced backyard
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
$23,791
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
4.37%
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%
$475,820
$475.8K
Cap Rate 7%
$339,871
$339.9K
Cap Rate 9%
$264,344
$264.3K
Market Conditions
NOI Build-Up for 2,067 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
$36.0K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$34.0K $16.44/SF
− OpEx
−$10.2K −$4.93/SF
NOI
$23.8K $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%
$475,820
Cap Rate 7%
$339,871
Cap Rate 9%
$264,344
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.5K
NOI $23,791 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$314.1K
$274.8K – $366.4K
NOI $21,986 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$714.2K
$625.0K – $833.3K
NOI $49,996 @ 7.0% cap · market cap 9.17%
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
2,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 89119, NV
48,895
Population
24,756
Households
2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
12.9 sq mi
ZIP Area
3,790
Density / Sq Mi
$46,472
Median Household Income
$32,590
Median Earnings
$1,184
Median Rent
$301,000
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 single-story residences offer private outdoor space, fireplaces, and layouts designed for independent living.
Where is this duplex located?
The property is located at 1569 Hialeah Dr Las Vegas, NV.
What is the asking price?
The asking price for this property is $544,999.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath residences; 2,067‑square‑foot duplex built in 1977; Each unit includes a private garage and fenced backyard
