Updated Duplex With RV
For Sale
$399,000
2104 White Street, North Las Vegas, NV 89030
Two residences include upgraded finishes, in-unit laundry, and access to a secure carport.
Property Size1,656 SF
Days on Market11
Property Features for 2104 White Street
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$553
Building Details
Building Size
1,656 SF
Year Built
1954
Listing Agency:
Signature Real Estate Group
(702) 232-8448
Listed By:
David Ramirez · License #S.0168917
(702) 232-8448
Source:
Vicerealtygroup
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 6 at 4:34AM
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 Signature Real Estate Group
Investment Insights
Based on property information with market context.
This duplex, built in 1954, contains two separate residences with a three-bedroom, one-bath layout in one unit and a two-bedroom, one-bath layout in the other. Both kitchens have upgraded countertops, while flooring improvements extend throughout the property. Each residence includes its own washer and dryer without coin-operated equipment.
The property also provides RV parking and a secure carport. Its North Las Vegas address places the duplex near shopping, dining, and freeway access, adding convenience for occupants. The combination of two distinct floor plans, private laundry, covered parking, and updated interior features creates a clearly defined residential income property configuration.
The property also provides RV parking and a secure carport. Its North Las Vegas address places the duplex near shopping, dining, and freeway access, adding convenience for occupants. The combination of two distinct floor plans, private laundry, covered parking, and updated interior features creates a clearly defined residential income property configuration.
Key Highlights
- Two‑unit duplex with one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- Built in 1954 with upgraded kitchen countertops and flooring throughout
- Private washer and dryer provided for each unit; no coins required
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
$18,859
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
4.73%
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%
$377,180
$377.2K
Cap Rate 7%
$269,414
$269.4K
Cap Rate 9%
$209,544
$209.5K
Market Conditions
NOI Build-Up for 1,656 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
$28.8K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$26.9K $16.27/SF
− OpEx
−$8.1K −$4.88/SF
NOI
$18.9K $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 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%
$377,180
Cap Rate 7%
$269,414
Cap Rate 9%
$209,544
Alternative Uses
Best Use
Multifamily LT 5
$269.4K
$235.7K – $314.3K
NOI $18,859 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$249.0K
$217.9K – $290.5K
NOI $17,428 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
905
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
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 residences include upgraded finishes, in-unit laundry, and access to a secure carport.
Where is this duplex located?
The property is located at 2104 White Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; Built in 1954 with upgraded kitchen countertops and flooring throughout; Private washer and dryer provided for each unit; no coins required
