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 Market106
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: Sep 21
Last Checked: Oct 16 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.
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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 / 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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
