Remodeled Duplex with Two
For Sale
$409,900
2109 Glider St, North Las Vegas, NV 89030
Updated residential income property with varied bedroom layouts, on-site parking, and convenient freeway access.
Property Size1,745 SF
Price / SF$234.90
Days on Market278
Property Features for 2109 Glider St
General Information
Standard status
Active
Size
1,745 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1957
Buildings
1
Stories
1
Listing Agency:
Realty ONE Group, Inc
(888) 461-0101
Listed By:
Jill Amsel (702) 683-6563 · License #BS.0063646
Source:
Searchvegashomesforsale
Added: Nov 26, 2025
Changed: Aug 28
Last Checked: Aug 30 at 5:50PM
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 Realty ONE Group, Inc
Investment Insights
Based on property information with market context.
This single-story duplex contains two residential units totaling 1,745 square feet. One unit provides 3 bedrooms and 1 bathroom, while the other includes 4 bedrooms and 1 bathroom. The property was built in 1957 and has received extensive interior updates, including new paint and plank flooring, with ceramic tile also noted inside the units.
Parking is available around the property, and freeway access supports convenient connections for residents. The varied unit sizes create a practical configuration within this multifamily asset.
Parking is available around the property, and freeway access supports convenient connections for residents. The varied unit sizes create a practical configuration within this multifamily asset.
Key Highlights
- Two‑unit, single‑story duplex totaling 1,745 square feet
- Unit mix includes 3 bedrooms and 1 bathroom, plus 4 bedrooms and 1 bathroom
- Interior updates include new paint and brand new plank 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
$19,873
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
4.85%
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%
$397,460
$397.5K
Cap Rate 7%
$283,900
$283.9K
Cap Rate 9%
$220,811
$220.8K
Market Conditions
NOI Build-Up for 1,745 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
$30.4K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.4K $16.27/SF
− OpEx
−$8.5K −$4.88/SF
NOI
$19.9K $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%
$397,460
Cap Rate 7%
$283,900
Cap Rate 9%
$220,811
Alternative Uses
Best Use
Multifamily LT 5
$283.9K
$248.4K – $331.2K
NOI $19,873 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$262.4K
$229.6K – $306.1K
NOI $18,365 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$472.2K
$413.2K – $550.9K
NOI $33,056 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Updated residential income property with varied bedroom layouts, on-site parking, and convenient freeway access.
Where is this duplex located?
The property is located at 2109 Glider St North Las Vegas, NV.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two‑unit, single‑story duplex totaling 1,745 square feet; Unit mix includes 3 bedrooms and 1 bathroom, plus 4 bedrooms and 1 bathroom; Interior updates include new paint and brand new plank flooring
