Duplex with Detached Rear
For Sale
$525,000
1925 North Bruce Street, North Las Vegas, NV 89030
Two separate residences include an individually metered rear unit with alley access.
Property Size1,314 SF
Days on Market10
Property Features for 1925 North Bruce Street
General Information
Standard status
Active
Size
1,314 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$480
Building Details
Building Size
1,314 SF
Year Built
1941
Listing Agency:
City National Properties
Listed By:
Virginia Arroyo · License #S.0052028
(702) 491-3769
Source:
Virtuelre
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 27 at 12:14AM
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 City National Properties
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Investment Insights
Based on property information with market context.
This duplex consists of a front residence with three bedrooms and two bathrooms, plus a detached rear residence with one bedroom and one bathroom. The rear unit has a separate meter and is accessible from the alley. The property was built in 1941.
The trailer is not included in the sale.
The trailer is not included in the sale.
Key Highlights
- Front residence has 3 bedrooms and 2 bathrooms
- Detached rear residence offers 1 bedroom and 1 bathroom
- Rear unit has a separate meter and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,964
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,280
$299.3K
Cap Rate 7%
$213,771
$213.8K
Cap Rate 9%
$166,267
$166.3K
Market Conditions
NOI Build-Up for 1,314 SF
Gross rent
$22.9K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.4K $16.27/SF
− OpEx
−$6.4K −$4.88/SF
NOI
$15.0K $11.39/SF
Area
North Las Vegas, NV
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,280
Cap Rate 7%
$213,771
Cap Rate 9%
$166,267
Alternative Uses
Best Use
Multifamily LT 5
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$197.6K
$172.9K – $230.5K
NOI $13,829 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$355.6K
$311.1K – $414.9K
NOI $24,891 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
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Business Placement
Demographics for 89030, NV
56,399
Population
16,632
Households
3.4
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
9.5 sq mi
ZIP Area
5,937
Density / Sq Mi
$46,204
Median Household Income
$31,787
Median Earnings
$1,139
Median Rent
$237,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include an individually metered rear unit with alley access.
Where is this duplex located?
The property is located at 1925 North Bruce Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Front residence has 3 bedrooms and 2 bathrooms; Detached rear residence offers 1 bedroom and 1 bathroom; Rear unit has a separate meter and alley access
