2-Unit
1713 Fairfield Ave, Las Vegas, NV 89102
For Sale
$359,000
Both residences offer a one-bedroom, one-bathroom layout.
Property Size1,064 SF
Price / SF$337.41
Days on Market41
Property Features for 1713 Fairfield Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Exceed Real Estate Group
Listed By:
Mihai Ionescu · License #B.0145969
(702) 417-6156
Source:
Adobe-dns-2.housesinlasvegasforsale
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 7 at 7:27PM
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 Exceed Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1955, this duplex contains two residences, each with one bedroom and one bathroom. A newer roof is among the property's improvements.
The property is in Downtown Las Vegas's historic district, minutes from the Las Vegas Strip and major casinos.
The property is in Downtown Las Vegas's historic district, minutes from the Las Vegas Strip and major casinos.
Key Highlights
- Two residences, each with one bedroom and one bathroom
- Newer roof
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,247
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,940
$244.9K
Cap Rate 7%
$174,957
$175.0K
Cap Rate 9%
$136,078
$136.1K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$18.5K $17.40/SF
− Vacancy
−$1.0K −$0.96/SF
EGI
$17.5K $16.44/SF
− OpEx
−$5.2K −$4.93/SF
NOI
$12.2K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,940
Cap Rate 7%
$174,957
Cap Rate 9%
$136,078
Alternative Uses
Best Use
Multifamily LT 5
$175.0K
$153.1K – $204.1K
NOI $12,247 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$161.7K
$141.5K – $188.6K
NOI $11,317 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$367.7K
$321.7K – $428.9K
NOI $25,736 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 89102, NV
36,035
Population
16,964
Households
2.1
Avg Household Size
36
Median Age
18%
College-Educated
75%
High-School Grad
5.3 sq mi
ZIP Area
6,799
Density / Sq Mi
$48,518
Median Household Income
$30,703
Median Earnings
$1,206
Median Rent
$363,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Las Vegas, NV
Properties on Market for Duplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a one-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 1713 Fairfield Ave Las Vegas, NV.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two residences, each with one bedroom and one bathroom; Newer roof; Built in 1955
