Three-Unit
2401 Ellis Street, North Las Vegas, NV 89030
For Sale
$739,999
Three separate residences offer a multi-unit configuration for rental or owner occupancy.
Property Size2,398 SF
Price / SF$308.59
Days on Market75
Property Features for 2401 Ellis Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Toro Realty
(702) 600-1111
Listed By:
Zareth Arnold · License NV S.0190135
(702) 981-4477
Source:
Barberrealty
Added: Aug 27
Changed: Nov 9
Last Checked: Nov 9 at 7:43PM
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 Toro Realty
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Investment Insights
Based on property information with market context.
This triplex at 2401 Ellis Street contains three separate units within 2,398 square feet. Built in 1958, the property is in North Las Vegas, Nevada.
Shopping, dining, schools, and major roadways are located nearby, with access to destinations across the Las Vegas Valley.
Shopping, dining, schools, and major roadways are located nearby, with access to destinations across the Las Vegas Valley.
Key Highlights
- Three separate residential units
- 2,398 square feet
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,309
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,180
$546.2K
Cap Rate 7%
$390,129
$390.1K
Cap Rate 9%
$303,433
$303.4K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$41.7K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$39.0K $16.27/SF
− OpEx
−$11.7K −$4.88/SF
NOI
$27.3K $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%
$546,180
Cap Rate 7%
$390,129
Cap Rate 9%
$303,433
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.4K – $455.2K
NOI $27,309 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$360.5K
$315.5K – $420.6K
NOI $25,237 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$648.9K
$567.8K – $757.1K
NOI $45,426 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
862
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
$237,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Clark County, NV
Properties on Market for Triplexes in Clark County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer a multi-unit configuration for rental or owner occupancy.
Where is this triplex located?
The property is located at 2401 Ellis Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $739,999.
What are key features of this property?
This property features: Three separate residential units; 2,398 square feet; Built in 1958
