Triplex with Three Separate
For Sale
$900,000
1649 Stocker Street, North Las Vegas, NV 89030
MULTI_FAMILY - Other - North Las Vegas, NV
Property Size3,094 SF
Lot Size0.23 Acres
Price / SF$290.89
Days on Market146
Property Features for 1649 Stocker Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Storage
Elementary school
,
Directions
East of I-15 Freeway, north of Sahara Avenue. Take Stocker Street north-property is on the right side, easily identified by three separate homes on one lot.
Standard status
Active
APN
139-22-811-002
Size
3,094 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1064
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Composition, Tile, Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Compass Realty & Management
(702) 586-1616
Listed By:
Francisco Chavero · License #S.0204179
(702) 857-4948
Added: Mar 14
Changed: Aug 3
Last Checked: Aug 6 at 12:06PM
MLS# 2763882
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 triplex sits on one parcel and provides three separate residences under one roof, offering flexible living and layout options. The left home has 2 bedrooms and 1 bathroom and has been fully remodeled. The middle home offers 3 bedrooms and 1 bathroom. The right home includes 3 bedrooms and 2 bathrooms and has also been fully remodeled, with a versatile basement area that can serve as a potential fourth bedroom, studio, or storage space, plus an additional back room for storage.
The property is built with brick construction and features a patio. Interior details include ceiling fans and storage, with hardwood and tile flooring. Heating is provided by natural gas with central/electric heating components, and cooling is available via central air. Water service is public, and the sewer line is public sewer.
Built in 1960, this is a single-parcel triplex totaling 3,094 square feet on a 0.23-acre lot.
The property is built with brick construction and features a patio. Interior details include ceiling fans and storage, with hardwood and tile flooring. Heating is provided by natural gas with central/electric heating components, and cooling is available via central air. Water service is public, and the sewer line is public sewer.
Built in 1960, this is a single-parcel triplex totaling 3,094 square feet on a 0.23-acre lot.
Key Highlights
- Three separate residences on one parcel
- Right home: 3 bedrooms, 2 bathrooms plus basement area for potential fourth bedroom or studio
- Left home: 2 bedrooms, 1 bathroom, fully remodeled
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
$35,235
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
3.91%
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%
$704,700
$704.7K
Cap Rate 7%
$503,357
$503.4K
Cap Rate 9%
$391,500
$391.5K
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
$53.8K $17.40/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$50.3K $16.27/SF
− OpEx
−$15.1K −$4.88/SF
NOI
$35.2K $11.39/SF
Area
North Las Vegas, NV
Vacancy
6.50%
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%
$704,700
Cap Rate 7%
$503,357
Cap Rate 9%
$391,500
Alternative Uses
Best Use
Multifamily LT 5
$503.4K
$440.4K – $587.3K
NOI $35,235 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$465.2K
$407.0K – $542.7K
NOI $32,562 @ 7.0% cap · market cap 3.62%
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
Multi-tenant
Tenancy
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?
Triplex - Triplex with public water and sewer, central air, and a patio, built in 1960 with brick construction.
Where is this triplex 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 on one parcel; Right home: 3 bedrooms, 2 bathrooms plus basement area for potential fourth bedroom or studio; Left home: 2 bedrooms, 1 bathroom, fully remodeled
