Three-Residence Triplex
For Sale
$900,000
1649 Stocker Street, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size3,094 SF
Lot Size0.23 Acres
Price / SF$290.89
Days on Market193
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
Electric (Heating), Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Tile, Composition, 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: Sep 21
Last Checked: Sep 22 at 6:06PM
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 property contains three separate residences on a 0.23-acre parcel, with 3,094 square feet of total property size and a 1960 construction date. The left residence has 2 bedrooms and 1 bathroom and has been fully remodeled. The middle residence includes 3 bedrooms and 1 bathroom. The right residence offers 3 bedrooms and 2 bathrooms, along with a basement that can function as a fourth bedroom, studio, or storage area. That residence also includes an additional back room for storage.
Interior features include ceiling fans and storage, with hardwood and tile flooring. Heating includes electric, natural gas, and central systems, while cooling is provided by central air. The property has a patio, brick construction, tile, shingle, and composition roofing, plus public water and public sewer.
Interior features include ceiling fans and storage, with hardwood and tile flooring. Heating includes electric, natural gas, and central systems, while cooling is provided by central air. The property has a patio, brick construction, tile, shingle, and composition roofing, plus public water and public sewer.
Key Highlights
- Three separate residences on a 0.23‑acre parcel
- 3,094 square feet of total property size
- Left residence: 2 bedrooms, 1 bathroom, and full remodeling
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences share one parcel, including two remodeled homes and a residence with flexible basement space.
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 a 0.23‑acre parcel; 3,094 square feet of total property size; Left residence: 2 bedrooms, 1 bathroom, and full remodeling
