Three-Unit Income
For Sale
$425,000
2132 Houston Drive, Las Vegas, NV 89104
Three residential units, each with one bedroom and one bathroom, with ample on-site parking.
Property Size2,167 SF
Days on Market267
Property Features for 2132 Houston Drive
General Information
Standard status
Active
Size
2,167 SF
Property subtype
Triplex
Site & Location
Neighborhood
Downtown East
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,275
Building Details
Building Size
2,167 SF
Year Built
1954
Tenancy
Multi
Listing Agency:
Keller Williams MarketPlace
Listed By:
Richard J. Brenkus · License #BS.0016186
(702) 752-0044
Source:
Virtuelre
Added: Feb 3
Changed: Oct 25
Last Checked: Oct 27 at 2:11AM
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 Keller Williams MarketPlace
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Investment Insights
Based on property information with market context.
This three-unit income property offers three residential units, and each unit is configured with one bedroom and one bathroom. Ample parking is available for tenants and guests.
The property is offered for sale as a multi-unit residential investment opportunity.
All units are currently described as matching the same basic 1-bedroom, 1-bath layout, supporting a straightforward tenant mix within the building.
The property is offered for sale as a multi-unit residential investment opportunity.
All units are currently described as matching the same basic 1-bedroom, 1-bath layout, supporting a straightforward tenant mix within the building.
Key Highlights
- Multi‑unit property with 3 units, each offering 1 bedroom and 1 bathroom
- Central air cooling and electric heating
- Appliances include range, oven, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,942
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,840
$498.8K
Cap Rate 7%
$356,314
$356.3K
Cap Rate 9%
$277,133
$277.1K
Market Conditions
NOI Build-Up for 2,167 SF
Gross rent
$37.7K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$35.6K $16.44/SF
− OpEx
−$10.7K −$4.93/SF
NOI
$24.9K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,840
Cap Rate 7%
$356,314
Cap Rate 9%
$277,133
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.8K – $415.7K
NOI $24,942 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$329.3K
$288.1K – $384.2K
NOI $23,049 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$748.8K
$655.2K – $873.6K
NOI $52,415 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 89104, NV
41,662
Population
16,704
Households
2.5
Avg Household Size
38
Median Age
15%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
7,309
Density / Sq Mi
$50,945
Median Household Income
$34,278
Median Earnings
$1,138
Median Rent
$298,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units, each with one bedroom and one bathroom, with ample on-site parking.
Where is this triplex located?
The property is located at 2132 Houston Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Multi‑unit property with 3 units, each offering 1 bedroom and 1 bathroom; Central air cooling and electric heating; Appliances include range, oven, and refrigerator
