T-5 Duplex
For Sale
$400,000
203 North 13th Street, Las Vegas, NV 89101
Historic downtown setting with two one-bedroom, one-bath residences.
Property Size1,247 SF
Days on Market183
Property Features for 203 North 13th Street
General Information
Standard status
Active
Size
1,247 SF
Property subtype
Duplex
Zoning
T-5
Site & Location
Neighborhood
East Fremont
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$816
Building Details
Building Size
1,247 SF
Year Built
1944
Listing Agency:
eXp Realty
Listed By:
Aaron Taylor · License #S.0038886
(702) 310-6683
Source:
Virtuelre
Added: Apr 24
Changed: Oct 21
Last Checked: Oct 23 at 3:54PM
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 eXp Realty
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.
This duplex contains two residential units, each configured with one bedroom and one bathroom. The property carries T-5 zoning and was built in 1944.
Located at 203 N 13th St in historic downtown Las Vegas, the property places both residences within the downtown setting. The asset is offered for sale as a duplex with a straightforward two-unit configuration.
Located at 203 N 13th St in historic downtown Las Vegas, the property places both residences within the downtown setting. The asset is offered for sale as a duplex with a straightforward two-unit configuration.
Key Highlights
- Two 1‑bedroom/1‑bath units
- T‑5 zoning
- Built in 1944
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,353
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,060
$287.1K
Cap Rate 7%
$205,043
$205.0K
Cap Rate 9%
$159,478
$159.5K
Market Conditions
NOI Build-Up for 1,247 SF
Gross rent
$21.7K $17.40/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$20.5K $16.44/SF
− OpEx
−$6.2K −$4.93/SF
NOI
$14.4K $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%
$287,060
Cap Rate 7%
$205,043
Cap Rate 9%
$159,478
Alternative Uses
Best Use
Multifamily LT 5
$205.0K
$179.4K – $239.2K
NOI $14,353 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$189.5K
$165.8K – $221.1K
NOI $13,264 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$430.9K
$377.0K – $502.7K
NOI $30,162 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,375
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
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 - Historic downtown setting with two one-bedroom, one-bath residences.
Where is this duplex located?
The property is located at 203 North 13th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two 1‑bedroom/1‑bath units; T‑5 zoning; Built in 1944
