Building Details

Building Size 1,700 SF

Year Built 1981

Listing Agency: Renaissance Realty Inc

Listed By: John A. Gobber · License #B.1002634 Show Phone

Source: Virtuelre

Added: Oct 1 Changed: Oct 17 Last Checked: Oct 16 at 6:04PM

Report an Issue

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 Renaissance Realty Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1981, this duplex contains two residences with open-concept interiors and wood-look flooring. Each kitchen is equipped with solid-surface counters, stainless steel appliances, ample cabinetry, and a peninsula with breakfast-bar seating. Bedrooms provide additional private living space, and each unit has its own patio.

An extended driveway offers off-street parking. The two-unit configuration includes separate outdoor areas for both residences.

Key Highlights

• Two‑unit duplex built in 1981
• Open‑concept layouts with wood‑look flooring
• Kitchens include solid‑surface counters, stainless steel appliances, and breakfast‑bar peninsulas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,360

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$387,200 $387.2K

Cap Rate 7%

$276,571 $276.6K

Cap Rate 9%

$215,111 $215.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,700 SF

Gross rent

$29.6K $17.40/SF

− Vacancy

−$1.9K −$1.13/SF

EGI

$27.7K $16.27/SF

− OpEx

−$8.3K −$4.88/SF

NOI

$19.4K $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 Rate 5%

$387,200

Cap Rate 7%

$276,571

Cap Rate 9%

$215,111

Alternative Uses

Best Use

Multifamily LT 5

$276.6K

$242.0K – $322.7K (±1% cap)

NOI $19,360 @ 7.0% cap · market cap 4.56%

Second Best

Apartment 5plus

$255.6K

$223.6K – $298.2K (±1% cap)

NOI $17,891 @ 7.0% cap · market cap 4.21%

Theoretical Best

Office A

$460.0K

$402.5K – $536.7K (±1% cap)

NOI $32,203 @ 7.0% cap · market cap 7.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Skin Care Clinic HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

875

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Remodeled Duplex

2109 Glider Street, North Las Vegas, NV 89030

$409,900

1,745 SF

View details

Updated Duplex with RV Parking

2104 White Street, North Las Vegas, NV 89030

$399,000

1,656 SF

View details

Duplex with In-Unit Laundry

3604 Glendale Avenue, North Las Vegas, NV 89030

$374,000

1,760 SF

View details

Duplex with In-Unit Laundry

3616 Glendale Avenue, North Las Vegas, NV 89030

$380,000

1,920 SF

View details

Two-Unit Duplex with Private Yard

2120 Glider Street, North Las Vegas, NV 89030

$365,000

1,482 SF

View details

Two-Unit Duplex with Central HVAC

2205 East Webb Avenue, North Las Vegas, NV 89030

$340,000

1,440 SF

View details

Duplex with Fire Damage

1828 Harvard St, North Las Vegas, NV 89030

$225,000

1,300 SF

View details

Triplex with On-Site Laundry

3117 E Carey Avenue, North Las Vegas, NV 89030

$525,000

2,420 SF

View details

Remodeled Quadplex with Storage

2252 Ellis Street, North Las Vegas, NV 89030

$640,000

3,008 SF

View details

Single-Story Fourplex

2553 Ellis Street, North Las Vegas, NV 89030

$639,900

3,094 SF

View details

4-Unit Quadplex with Onsite Parking

2728 Haddock Avenue, North Las Vegas, NV 89030

$645,000

3,332 SF

View details

5-Unit Apartment Building with Laundry

2536 Carroll Street, North Las Vegas, NV 89030

$749,900

3,088 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two residences feature open layouts, updated kitchen finishes, and dedicated outdoor spaces.

Where is this duplex located?

The property is located at 2155 Belmont Street North 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: Two‑unit duplex built in 1981; Open‑concept layouts with wood‑look flooring; Kitchens include solid‑surface counters, stainless steel appliances, and breakfast‑bar peninsulas