Two-Unit Duplex with Renovated
New
For Sale
$335,000
2062 Harvard Street, North Las Vegas, NV 89030
One residence is renovated and vacant, while the second is leased to a tenant.
Property Size1,416 SF
Days on Market6
Property Features for 2062 Harvard Street
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$615
Building Details
Building Size
1,416 SF
Year Built
1964
Listing Agency:
Legacy Real Estate Group
Listed By:
Jay Mirando · License #B.0145727
(702) 786-9457
Source:
Vicerealtygroup
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:46PM
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 Legacy Real Estate Group
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Investment Insights
Based on property information with market context.
This duplex contains two residences: a one-bedroom, one-bath unit and a two-bedroom, one-bath unit. The one-bedroom residence has been renovated and is ready for occupancy. The two-bedroom unit remains in its original condition and is currently tenant-occupied.
Built in 1964, the property is located in North Las Vegas near I-15, with convenient highway access. It is also situated within an opportunity zone.
Built in 1964, the property is located in North Las Vegas near I-15, with convenient highway access. It is also situated within an opportunity zone.
Key Highlights
- Two‑unit duplex built in 1964
- Renovated one‑bedroom, one‑bath unit available for occupancy
- Two‑bedroom, one‑bath unit is tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,126
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,520
$322.5K
Cap Rate 7%
$230,371
$230.4K
Cap Rate 9%
$179,178
$179.2K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$24.6K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$23.0K $16.27/SF
− OpEx
−$6.9K −$4.88/SF
NOI
$16.1K $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%
$322,520
Cap Rate 7%
$230,371
Cap Rate 9%
$179,178
Alternative Uses
Best Use
Multifamily LT 5
$230.4K
$201.6K – $268.8K
NOI $16,126 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$212.9K
$186.3K – $248.4K
NOI $14,902 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$383.2K
$335.3K – $447.1K
NOI $26,824 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - One residence is renovated and vacant, while the second is leased to a tenant.
Where is this duplex located?
The property is located at 2062 Harvard Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1964; Renovated one‑bedroom, one‑bath unit available for occupancy; Two‑bedroom, one‑bath unit is tenant‑occupied
