Three-Unit Income
2132 Houston Drive Las Vegas, NV 89104
For Sale
$500,000
Three residential units, each with one bedroom and one bathroom, with ample on-site parking.
Property Size2,167 SF
Price / SF$230.73
Days on Market206
Property Features for 2132 Houston Drive
General Information
Standard status
Active
Size
2,167 SF
Property subtype
Triplex
Building Details
Year Built
1954
Listing Agency:
Keller Williams MarketPlace
(702) 939-0000
Listed By:
Richard Brenkus · License #BS.0016186
Source:
Xome
Added: Jan 4
Changed: Jul 21
Last Checked: Jul 29 at 4:31AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $17.40 |
| − Vacancy | −$2.1k | −$0.96 |
| EGI | $35.6k | $16.44 |
| − OpEx | −$10.7k | −$4.93 |
| NOI | $24.9k | $11.51 |
2,167 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.8K – $415.7K
NOI $24,942 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$329.3K
$288.1K – $384.2K
NOI $23,049 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$748.8K
$655.2K – $873.6K
NOI $52,415 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $500,000.
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
