Renovated Duplex with Fenced
2320 Bassler Street, North Las Vegas, NV 89030
For Sale
$380,000
Both residences are leased, with separate fenced outdoor areas for each unit.
Property Size1,152 SF
Days on Market22
Property Features for 2320 Bassler Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced yards
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
eXp Realty
Listed By:
Veronika Bozhilova · License #S.0200295
(702) 769-3985
Source:
Usarealty
Added: Oct 17
Changed: Nov 7
Last Checked: Nov 6 at 6:45PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1955, has two leased units with updated flooring, windows, and showers. The foundation has been leveled, and landscaping creates a fenced yard for each residence.
The property is located on Bassler Street in North Las Vegas. The existing management agreement may continue, and conversion to a triplex is presented as an option.
The property is located on Bassler Street in North Las Vegas. The existing management agreement may continue, and conversion to a triplex is presented as an option.
Key Highlights
- Two units, both leased
- Built in 1955
- Foundation has been leveled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,119
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,380
$262.4K
Cap Rate 7%
$187,414
$187.4K
Cap Rate 9%
$145,767
$145.8K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$20.0K $17.40/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$18.7K $16.27/SF
− OpEx
−$5.6K −$4.88/SF
NOI
$13.1K $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%
$262,380
Cap Rate 7%
$187,414
Cap Rate 9%
$145,767
Alternative Uses
Best Use
Multifamily LT 5
$187.4K
$164.0K – $218.7K
NOI $13,119 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$173.2K
$151.6K – $202.1K
NOI $12,124 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$311.8K
$272.8K – $363.7K
NOI $21,823 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,187
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
$237,300
Median Home Value
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Market
Average Price Trend$/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 are leased, with separate fenced outdoor areas for each unit.
Where is this duplex located?
The property is located at 2320 Bassler Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two units, both leased; Built in 1955; Foundation has been leveled
