Remodeled Two-Unit
For Sale
$449,000
1809 Linden Avenue, Las Vegas, NV 89101
Fully remodeled two-unit property with tile flooring, granite kitchens, updated bathrooms, and new AC systems.
Property Size2,008 SF
Lot Size0.17 Acres
Price / SF$223.61
Days on Market242
Property Features for 1809 Linden Avenue
General Information
Standard status
Active
Size
2,008 SF
Lot size
0.17 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$939
Amenities
Central Air, Electric
3
Tile
Washer, Dryer, Microwave, Range, Refrigerator, Oven
Window Treatment
Pool
Composition, Shingle
Spa.
No Parking.
Stucco
No Pool
Building Details
Year Built
1954
Buildings
1
Stories
1
Listing Agency:
IS Luxury
(702) 315-0223
Listed By:
John Diaz · License #S.0178725
(702) 858-9491
Source:
Xome
Added: Jan 8
Changed: Sep 5
Last Checked: Sep 7 at 5:46AM
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 IS Luxury
Investment Insights
Based on property information with market context.
Built in 1954, this duplex provides 2,008 sq ft of total living space across two units on a 7,405 sq ft lot. The property has been completely remodeled with tile flooring throughout, granite kitchen countertops, white cabinetry, and black appliances. Bathrooms feature designer tile showers, while each unit includes new AC. Underground plumbing work was completed in 2022.
Located at 1809 Linden Avenue in Las Vegas, the property combines a two-unit configuration with updated interior finishes and major system improvements. The layout and separate-unit format support both investment and owner-occupant use, as stated in the property information.
Located at 1809 Linden Avenue in Las Vegas, the property combines a two-unit configuration with updated interior finishes and major system improvements. The layout and separate-unit format support both investment and owner-occupant use, as stated in the property information.
Key Highlights
- 2,008 sq ft of total living space across two units
- 7,405 sq ft lot
- Completely remodeled duplex
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
$23,112
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
5.15%
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%
$462,240
$462.2K
Cap Rate 7%
$330,171
$330.2K
Cap Rate 9%
$256,800
$256.8K
Market Conditions
NOI Build-Up for 2,008 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
$34.9K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$33.0K $16.44/SF
− OpEx
−$9.9K −$4.93/SF
NOI
$23.1K $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 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%
$462,240
Cap Rate 7%
$330,171
Cap Rate 9%
$256,800
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,112 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$305.1K
$267.0K – $356.0K
NOI $21,358 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$693.8K
$607.1K – $809.5K
NOI $48,569 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully remodeled two-unit property with tile flooring, granite kitchens, updated bathrooms, and new AC systems.
Where is this duplex located?
The property is located at 1809 Linden Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,008 sq ft of total living space across two units; 7,405 sq ft lot; Completely remodeled duplex
