Single-Story
For Sale
$409,999
1816 Weldon Place, Las Vegas, NV 89104
Each residence offers two bedrooms, one bathroom, and access to front and rear yard areas.
Property Size1,614 SF
Days on Market109
Property Features for 1816 Weldon Place
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,166
Building Details
Building Size
1,614 SF
Year Built
1950
Stories
1
Listing Agency:
BHHS Nevada Properties
Listed By:
Jim N. Phan · License #S.0051368
(702) 596-9333
Source:
Virtuelre
Added: Jul 3
Changed: Oct 18
Last Checked: Oct 16 at 2:51PM
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 BHHS Nevada Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1950, this single-level duplex includes two residences, each configured with two bedrooms and one bathroom. The property also provides front and rear yard areas, adding outdoor space to both the building and unit layouts.
Located at 1816 Weldon Place in Las Vegas, the property is occupied by a long-term tenant. Its two-unit configuration and established occupancy make it a residential income property with a straightforward physical layout.
Located at 1816 Weldon Place in Las Vegas, the property is occupied by a long-term tenant. Its two-unit configuration and established occupancy make it a residential income property with a straightforward physical layout.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom in each residence
- Single‑story design
- Front and rear yard areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,577
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,540
$371.5K
Cap Rate 7%
$265,386
$265.4K
Cap Rate 9%
$206,411
$206.4K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$28.1K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$26.5K $16.44/SF
− OpEx
−$8.0K −$4.93/SF
NOI
$18.6K $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%
$371,540
Cap Rate 7%
$265,386
Cap Rate 9%
$206,411
Alternative Uses
Best Use
Multifamily LT 5
$265.4K
$232.2K – $309.6K
NOI $18,577 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$245.2K
$214.6K – $286.1K
NOI $17,167 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$557.7K
$488.0K – $650.7K
NOI $39,039 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and access to front and rear yard areas.
Where is this duplex located?
The property is located at 1816 Weldon Place Las Vegas, NV.
What is the asking price?
The asking price for this property is $409,999.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom in each residence; Single‑story design; Front and rear yard areas
