Two-Unit Duplex with Central
2205 East Webb Avenue, North Las Vegas, NV 89030
For Sale
$340,000
Both residences offer central air conditioning and heat, with separate repiping improvements completed in each unit.
Property Size1,425 SF
Price / SF$236.11
Days on Market133
Property Features for 2205 East Webb Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Americana
Listed By:
Rito J. Altamirano-Godoy · License #S.0182141
(725) 274-7540
Source:
Vicerealtygroup
Added: Jun 28
Changed: Oct 31
Last Checked: Nov 6 at 2:27PM
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 Century 21 Americana
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Investment Insights
Based on property information with market context.
Built in 1954, this duplex contains two residential units, each configured with two bedrooms, one bathroom, and approximately 720 square feet. Both units have central air conditioning and heat. The property has also received plumbing updates, with copper piping installed in one residence and PEX piping in the other. Recent roof repairs were completed on both units.
Located at 2205 East Webb Avenue in North Las Vegas, Nevada, the property has been owner occupied for 20 years. Its two-unit layout supports continued residential use, with the existing mechanical, plumbing, and roof improvements documented for both residences.
Located at 2205 East Webb Avenue in North Las Vegas, Nevada, the property has been owner occupied for 20 years. Its two-unit layout supports continued residential use, with the existing mechanical, plumbing, and roof improvements documented for both residences.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 720 square feet per unit
- Central A/C and heat installed in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,399
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,980
$328.0K
Cap Rate 7%
$234,271
$234.3K
Cap Rate 9%
$182,211
$182.2K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$25.1K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$23.4K $16.27/SF
− OpEx
−$7.0K −$4.88/SF
NOI
$16.4K $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%
$327,980
Cap Rate 7%
$234,271
Cap Rate 9%
$182,211
Alternative Uses
Best Use
Multifamily LT 5
$234.3K
$205.0K – $273.3K
NOI $16,399 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.6K
NOI $15,155 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$389.7K
$341.0K – $454.6K
NOI $27,278 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
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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
$237,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in North Las Vegas, NV
Properties on Market for Duplexes in North Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer central air conditioning and heat, with separate repiping improvements completed in each unit.
Where is this duplex located?
The property is located at 2205 East 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: Two units, each with 2 bedrooms and 1 bathroom; Approximately 720 square feet per unit; Central A/C and heat installed in both units
