Back to Search
Fully Rented Two-Unit Duplex

2400 Pardee Place Las Vegas, NV 89104

Claim this Listing
For Sale
$385,000

MULTI_FAMILY - Other - Las Vegas, NV

Property size:
1,786 SF
Lot size:
0.16 Acres
Price / SF:
$215/SF
Added:
May 27, 2026
Days on Market:
46
Last Refresh:
Jul 11 at 2:06 am

Property Features for 2400 Pardee Place

General Information

Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dryer, Exhaust Fan, Oven, Range, Range Hood, Washer
Standard status
Active
APN
162-02-410-114
Size
1,786 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Annual Amount
1145

Utilities

Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public

Building Details

Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Vinyl
Building materials
Block
Roof type
Flat
Architectural style
Other

Listing agent Kenisha L. Hatchett License #S.0197372

Listing office Elite Realty 7942 W Sahara Ave, LAS VEGAS, NV

Listing date May 27, 2026

MLS# 2786120

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 fully rented duplex features two spacious 3-bedroom units. Each unit includes its own private fenced backyard, an individual laundry room with a washer and dryer, and dedicated storage space. Parking is provided with covered spaces, and the layout includes separate driveways and carports for each unit, supporting privacy and day-to-day convenience.

The property is located at 2400 Pardee Place in Las Vegas, near downtown, the Strip, and nearby shopping and dining. Drive-by only is requested, and interior showings will be considered upon receipt of a serious offer to respect tenants’ quiet enjoyment.

For investors and owner-occupants, the existing occupancy and separation of amenities across both units can simplify management while preserving resident privacy. The duplex configuration also supports multi-generational living scenarios where households can have separate living arrangements, outdoor space, laundry access, and storage within the same property. With both units currently generating rental income, it offers a turnkey setup for buyers seeking an income-producing residential asset.

Key Highlights

  • Fully rented duplex with two 3‑bedroom units, each currently occupied and generating rental income
  • Monthly rent: $1,125 for one unit and $1,750 for the other unit
  • Each unit features a private fenced backyard, dedicated storage space, and separate laundry room with washer and dryer

Local 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 $31.1k $17.40
− Vacancy −$1.7k −$0.96
EGI $29.4k $16.44
− OpEx −$8.8k −$4.93
NOI $20.6k $11.51
1,786 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$293.7K
$257.0K – $342.6K (±1% cap)
NOI $20,557 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$271.4K
$237.5K – $316.6K (±1% cap)
NOI $18,997 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$617.1K
$540.0K – $720.0K (±1% cap)
NOI $43,200 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Daycare Center Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Storage Facility Locksmith Building Supply

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two separate 3-bedroom units are fully occupied, each with private outdoor space and in-unit laundry.
Where is this duplex located?
The property is located at 2400 Pardee Place Las Vegas, NV.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fully rented duplex with two 3‑bedroom units, each currently occupied and generating rental income; Monthly rent: $1,125 for one unit and $1,750 for the other unit; Each unit features a private fenced backyard, dedicated storage space, and separate laundry room with washer and dryer
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message