Duplex with Two 2-Bed
For Sale
$340,000
2205 E Webb Avenue, North Las Vegas, NV 89030
Residential, North Las Vegas, NV
Property Size1,425 SF
Lot Size0.14 Acres
Price / SF$238.60
Days on Market56
Property Features for 2205 E Webb Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Refrigerator
Subdivision
Grandview Park
Elementary school
,
Directions
going east on owens turn left on mc daniel right on webb passs arrowhead home is on the right
Standard status
Active
APN
139-23-815-062
Size
1,425 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
819
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Stucco
Roof type
Composition, Flat, Shingle
Architectural style
Other
Listing Agency:
Century 21 Americana · Century 21 Real Estate
(702) 296-9999
Listed By:
Rito J. Altamirano-Godoy · License #S.0182141
(725) 274-7540
Added: Jun 28
Changed: Aug 20
Last Checked: Aug 22 at 4:06PM
MLS# 2795659
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 duplex includes two 2-bedroom, 1-bath units, each described as approximately 720 square feet. The property has been updated with central A/C and heat for both units. Plumbing improvements include repiping in one unit with copper and repiping in the other unit with PEX, and there have been recent roof repairs on both units. The home has been owner occupied for 20 years.
The property is located at 2205 E Webb Avenue in North Las Vegas, Nevada 89030, within Clark County.
As a residential income property, it can serve as a multi-unit setup for an owner looking to occupy while also having the option to rent one or both units, depending on how it’s managed. With central heating and cooling in place, along with recent roof repairs and the documented repiping work, the duplex is positioned to support day-to-day livability and maintenance planning for a future owner-occupant or landlord.
The property is located at 2205 E Webb Avenue in North Las Vegas, Nevada 89030, within Clark County.
As a residential income property, it can serve as a multi-unit setup for an owner looking to occupy while also having the option to rent one or both units, depending on how it’s managed. With central heating and cooling in place, along with recent roof repairs and the documented repiping work, the duplex is positioned to support day-to-day livability and maintenance planning for a future owner-occupant or landlord.
Key Highlights
- Duplex with two 2 bed, 1 bath units, approx. 720 SF per unit
- Both units include central A/C and central heating; natural gas heat
- Plumbing updates: one unit re‑piped with copper and the other with PEX
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
$16,228
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
4.77%
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%
$324,560
$324.6K
Cap Rate 7%
$231,829
$231.8K
Cap Rate 9%
$180,311
$180.3K
Market Conditions
NOI Build-Up for 1,425 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
$24.8K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$23.2K $16.27/SF
− OpEx
−$7.0K −$4.88/SF
NOI
$16.2K $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%
$324,560
Cap Rate 7%
$231,829
Cap Rate 9%
$180,311
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.9K – $270.5K
NOI $16,228 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$214.2K
$187.5K – $250.0K
NOI $14,997 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$385.6K
$337.4K – $449.9K
NOI $26,994 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately set up 2-bedroom, 1-bath units with central A/C and heat, plus recent roof repairs.
Where is this duplex located?
The property is located at 2205 E Webb Avenue North Las Vegas, NV.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Duplex with two 2 bed, 1 bath units, approx. 720 SF per unit; Both units include central A/C and central heating; natural gas heat; Plumbing updates: one unit re‑piped with copper and the other with PEX
