Multifamily Property With Three
For Sale
$900,000
1649 Stocker Street, North Las Vegas, NV 89030
Separate homes occupy one parcel, with two remodeled interiors and adaptable basement space.
Property Size3,094 SF
Days on Market220
Property Features for 1649 Stocker Street
General Information
Standard status
Active
Size
3,094 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,064
Building Details
Building Size
3,094 SF
Year Built
1960
Listing Agency:
Compass Realty & Management
Listed By:
Francisco Chavero · License #S.0204179
(702) 857-4948
Source:
Vicerealtygroup
Added: Mar 14
Changed: Oct 6
Last Checked: Oct 16 at 3:09PM
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 Compass Realty & Management
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Investment Insights
Based on property information with market context.
This multifamily property includes three separate residences on one parcel, providing distinct living spaces within a single property. The left residence has two bedrooms and one bathroom and has been fully remodeled. The center residence contains three bedrooms and one bathroom. The right residence offers three bedrooms and two bathrooms, along with a basement that may function as a fourth bedroom, studio, or storage area. An additional rear room provides more storage space.
Built in 1960, the property is located at 1649 Stocker St in North Las Vegas, Nevada. The combination of multiple residences, updated improvements in two homes, and flexible ancillary areas defines the property's physical configuration.
Built in 1960, the property is located at 1649 Stocker St in North Las Vegas, Nevada. The combination of multiple residences, updated improvements in two homes, and flexible ancillary areas defines the property's physical configuration.
Key Highlights
- Three separate residences situated on one parcel
- Left residence: 2 bedrooms, 1 bathroom, and a full remodel
- Center residence: 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,562
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,240
$651.2K
Cap Rate 7%
$465,171
$465.2K
Cap Rate 9%
$361,800
$361.8K
Market Conditions
NOI Build-Up for 3,094 SF
Gross rent
$63.1K $20.40/SF
− Vacancy
−$3.9K −$1.26/SF
EGI
$59.2K $19.14/SF
− OpEx
−$26.6K −$8.61/SF
NOI
$32.6K $10.52/SF
Area
North Las Vegas, NV
Vacancy
6.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,240
Cap Rate 7%
$465,171
Cap Rate 9%
$361,800
Alternative Uses
Best Use
Apartment 5plus
$465.2K
$407.0K – $542.7K
NOI $32,562 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.3K
$732.6K – $976.8K
NOI $58,610 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
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Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate homes occupy one parcel, with two remodeled interiors and adaptable basement space.
Where is this multifamily property located?
The property is located at 1649 Stocker Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three separate residences situated on one parcel; Left residence: 2 bedrooms, 1 bathroom, and a full remodel; Center residence: 3 bedrooms and 1 bathroom
