Duplex with Two
For Sale
$365,000
2120 Glider Street, North Las Vegas, NV 89030
Mid-century duplex built in 1954 with two units, offering an opportunity to renovate and personalize or lease.
Property Size1,482 SF
Days on Market493
Property Features for 2120 Glider Street
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Duplex
Building Details
Building Size
1,482 SF
Year Built
1954
Tenancy
Multi
Listing Agency:
Realty ONE Group, Inc
(702) 715-4850
Listed By:
Kim L. Alverson · License #BS.0144908
(702) 715-4850
Source:
Usarealty
Added: Apr 1, 2025
Changed: Jul 30
Last Checked: Aug 6 at 3:56AM
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 duplex offers two residential units and a layout designed for both comfortable living and potential rental use. Built in 1954, the property includes original architectural details that may appeal to buyers looking to renovate and restore character while updating finishes and systems.
Whether you plan to live in one unit and lease the other or use both units for rental income, the two-unit configuration provides flexibility. The property is located at 2120 Glider Street in North Las Vegas, Nevada.
If you’re evaluating a duplex for renovation, this is a straightforward two-unit opportunity with established residential use and substantial space to work with.
Whether you plan to live in one unit and lease the other or use both units for rental income, the two-unit configuration provides flexibility. The property is located at 2120 Glider Street in North Las Vegas, Nevada.
If you’re evaluating a duplex for renovation, this is a straightforward two-unit opportunity with established residential use and substantial space to work with.
Key Highlights
- Duplex property with two residential units
- Original architectural details suited for restoration
- Built in 1954
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
$16,877
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
4.62%
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%
$337,540
$337.5K
Cap Rate 7%
$241,100
$241.1K
Cap Rate 9%
$187,522
$187.5K
Market Conditions
NOI Build-Up for 1,482 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
$25.8K $17.40/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$24.1K $16.27/SF
− OpEx
−$7.2K −$4.88/SF
NOI
$16.9K $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%
$337,540
Cap Rate 7%
$241,100
Cap Rate 9%
$187,522
Alternative Uses
Best Use
Multifamily LT 5
$241.1K
$211.0K – $281.3K
NOI $16,877 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$222.8K
$195.0K – $260.0K
NOI $15,597 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$401.1K
$350.9K – $467.9K
NOI $28,074 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 - Mid-century duplex built in 1954 with two units, offering an opportunity to renovate and personalize or lease.
Where is this duplex located?
The property is located at 2120 Glider Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex property with two residential units; Original architectural details suited for restoration; Built in 1954
