Fully Renovated
For Sale
$449,900
1651 Cadillac Lane, Las Vegas, NV 89106
Duplex with a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit, centrally located near freeway access.
Days on Market10
Property Features for 1651 Cadillac Lane
General Information
Standard status
Active
Property subtype
Duplex
Additional Details
Highway Access
Yes
Building Details
Building Size
1,833 SF
Year Built
1954
Tenancy
Multi
Listing Agency:
Keller Williams MarketPlace
(702) 461-5784
Listed By:
Randy Myers · License #S.0179042
(702) 461-5784
Source:
Vicerealtygroup
Added: Jul 23
Changed: Jul 30
Last Checked: Aug 1 at 11:09AM
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 Keller Williams MarketPlace
Investment Insights
Based on property information with market context.
This fully renovated duplex at 1651 Cadillac Lane offers two separate, modernized residences in a turn-key format. The property’s interior finishes include durable new ceramic tile flooring, freshly completed walls, and clean ceilings. Major systems have been updated, including completely updated plumbing and modern electrical systems, along with dual newly replaced windows. Each unit is supported by efficient central A/C units.
Unit configuration features a spacious 3-bedroom, 1-bath layout and a comfortable 2-bedroom, 1-bath layout, with both kitchens and bathrooms fully modernized with contemporary fixtures. The building was constructed in 1954.
The property is centrally located with easy freeway access and is described as being minutes from the Downtown Arts District, local dining, parks, and the Las Vegas Strip, supporting straightforward day-to-day convenience for owner-occupants or renters.
Unit configuration features a spacious 3-bedroom, 1-bath layout and a comfortable 2-bedroom, 1-bath layout, with both kitchens and bathrooms fully modernized with contemporary fixtures. The building was constructed in 1954.
The property is centrally located with easy freeway access and is described as being minutes from the Downtown Arts District, local dining, parks, and the Las Vegas Strip, supporting straightforward day-to-day convenience for owner-occupants or renters.
Key Highlights
- Two‑unit duplex with a 3‑bedroom, 1‑bath unit plus a 2‑bedroom, 1‑bath unit
- New ceramic tile flooring, freshly completed walls, and clean ceilings
- Completely updated plumbing and modern electrical systems
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $17.40 |
| − Vacancy | −$1.8k | −$0.96 |
| EGI | $30.1k | $16.44 |
| − OpEx | −$9.0k | −$4.93 |
| NOI | $21.1k | $11.51 |
1,833 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$278.5K
$243.7K – $325.0K
NOI $19,497 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$633.4K
$554.2K – $739.0K
NOI $44,337 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 89106, NV
27,695
Population
10,906
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
5,430
Density / Sq Mi
$38,848
Median Household Income
$31,265
Median Earnings
$1,169
Median Rent
$263,100
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 - Duplex with a 3-bedroom, 1-bath unit and a 2-bedroom, 1-bath unit, centrally located near freeway access.
Where is this duplex located?
The property is located at 1651 Cadillac Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom, 1‑bath unit plus a 2‑bedroom, 1‑bath unit; New ceramic tile flooring, freshly completed walls, and clean ceilings; Completely updated plumbing and modern electrical systems
