Multifamily Property With Three
For Sale
$900,000
1649 Stocker St, North Las Vegas, NV 89030
Separate homes occupy one parcel, with two remodeled interiors and adaptable basement space.
Property Size3,094 SF
Price / SF$290.89
Days on Market227
Property Features for 1649 Stocker St
General Information
Standard status
Active
Size
3,094 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Building Details
Year Built
1960
Listing Agency:
Compass Realty & Management
(702) 857-4948
Listed By:
Francisco Chavero (702) 857-4948 · License #S.0204179
Source:
Thevegashomesource
Added: Jan 16
Changed: Aug 28
Last Checked: Aug 30 at 5:55PM
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
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 = 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
$32,562
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
3.62%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 St 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
