Single-Story
For Sale
$409,999
1816 Weldon Place, Las Vegas, NV 89104
Residential, Las Vegas, NV
Property Size1,614 SF
Lot Size0.18 Acres
Price / SF$254.03
Days on Market60
Property Features for 1816 Weldon Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Dryer, Washer
Subdivision
Elcentro Add Tr #1
Elementary school
,
Directions
From Las Vegas Blvd. at Stratospehere, go east on St. Louis, immeadiate left into Weldon Place, property on your left.
Standard status
Active
APN
162-03-311-010
Size
1,614 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
1166
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
BHHS Nevada Properties · Berkshire Hathaway HomeServices
(702) 312-7070
Listed By:
Jim N. Phan · License #S.0051368
(702) 596-9333
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 31 at 9:06AM
MLS# 2796957
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 single-story duplex contains 1,614 square feet across two residential units, with each unit configured with two bedrooms and one bathroom. The property was built in 1950 and features block construction, ceramic tile flooring, central heating, and central air conditioning. Washer and dryer appliances are included.
Set on a 0.18-acre lot in Las Vegas, the property is served by public water and public sewer. Additional improvements include a composition shingle roof and front and rear yard areas.
Set on a 0.18-acre lot in Las Vegas, the property is served by public water and public sewer. Additional improvements include a composition shingle roof and front and rear yard areas.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- 1,614 square feet of residential space
- 0.18‑acre lot in Las Vegas, NV 89104
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
$18,577
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
4.53%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - Two residential units offer two bedrooms and one bathroom each.
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 2 bedrooms and 1 bathroom per unit; 1,614 square feet of residential space; 0.18‑acre lot in Las Vegas, NV 89104
