Remodeled Duplex in North Las
For Sale
$409,900
2109 Glider Street, North Las Vegas, NV 89030
MULTI_FAMILY - Other - North Las Vegas, NV
Property Size1,745 SF
Lot Size0.14 Acres
Price / SF$234.90
Days on Market133
Property Features for 2109 Glider Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Blinds
Interior features
Window Treatments
Subdivision
Williams Fourth Add
Elementary school
,
Directions
Lake Mead to McGovern Ave., right on McGovern Ave Immediate left on Glider to property on left.
Standard status
Active
APN
139-23-210-010
Size
1,745 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
502
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
(702) 898-1010
Listed By:
Jill Amsel · License #BS.0063646
(702) 683-6563
Added: Mar 30
Changed: Jul 18
Last Checked: Aug 9 at 3:06PM
MLS# 2768438
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 single-story duplex in North Las Vegas features fully remodeled bedrooms and bathrooms. The interior has been updated with new paint throughout and brand new plank flooring. One unit includes 3 bedrooms and 1 bathroom, while the other offers 4 bedrooms and 1 bathroom. The property provides parking around the building. The interior features ceramic tile flooring. The property has a total size of 1745 square feet and sits on a lot of approximately 0.14 acres. Convenient freeway access is available.
Key Highlights
- Fully remodeled including bedrooms and bathrooms with new paint and plank flooring.
- Single story duplex with one 3‑bedroom/1‑bathroom unit and one 4‑bedroom/1‑bathroom unit.
- Great investment opportunity.
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
Multi-tenant
Tenancy
Yes
Highway access
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 - Fully remodeled duplex with new flooring and convenient freeway access.
Where is this duplex located?
The property is located at 2109 Glider Street 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: Fully remodeled including bedrooms and bathrooms with new paint and plank flooring.; Single story duplex with one 3‑bedroom/1‑bathroom unit and one 4‑bedroom/1‑bathroom unit.; Great investment opportunity.
