Updated Duplex with RV
For Sale
$399,000
2104 White Street, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size1,656 SF
Lot Size0.17 Acres
Price / SF$240.94
Days on Market58
Property Features for 2104 White Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dishwasher, Microwave
Subdivision
Williams Fourth Add
Elementary school
,
Directions
Headed north on the 15, take a right on E Lake Mead S Blvd, left on N 5th St, right on Mc Govern Ave, Left on White St, property is on the right.
Standard status
Active
APN
139-23-210-034
Size
1,656 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
553
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
private washer/dryer
RV parking
secure carport
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Signature Real Estate Group
(702) 799-9598
Listed By:
David Ramirez · License #S.0168917
(702) 232-8448
Added: Jul 27
Changed: Sep 21
Last Checked: Sep 22 at 6:06PM
MLS# 2803523
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.
Investment Insights
Based on property information with market context.
This duplex contains 1,656 square feet across two residences. The unit mix includes one three-bedroom, one-bath home and one two-bedroom, one-bath home. Both kitchens have upgraded countertops, while vinyl flooring, ceiling fans, window treatments, dishwashers, and microwaves serve the interiors. Each residence includes a private washer and dryer without coin operation.
The property occupies 0.17 acres and provides RV parking along with a secure carport. Built in 1954, the block-construction building has a composition shingle roof, central heating with natural gas, central air conditioning, public water, and public sewer. Shopping, dining, and freeway access are located nearby.
The property occupies 0.17 acres and provides RV parking along with a secure carport. Built in 1954, the block-construction building has a composition shingle roof, central heating with natural gas, central air conditioning, public water, and public sewer. Shopping, dining, and freeway access are located nearby.
Key Highlights
- 1,656‑square‑foot duplex with two separate residences
- Unit mix includes one 3‑bedroom, 1‑bath home and one 2‑bedroom, 1‑bath home
- Both kitchens feature upgraded countertops and vinyl flooring
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
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
877
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
View Realmo Analytics
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 offer separate laundry, refreshed kitchens, private parking, and access to shopping, dining, and freeways.
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: 1,656‑square‑foot duplex with two separate residences; Unit mix includes one 3‑bedroom, 1‑bath home and one 2‑bedroom, 1‑bath home; Both kitchens feature upgraded countertops and vinyl flooring
