Triplex-Based Apartment Expansion
2405 McCarran Street North Las Vegas, NV 89030
New
For Sale
$1,800,000
MULTI_FAMILY - Other - North Las Vegas, NV
Property Size5,760 SF
Lot Size0.32 Acres
Price / SF$312.50
Days on Market2
Property Features for 2405 McCarran Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Standard status
Active
APN
139-13-410-239
Size
5,760 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
2510
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
2
Number of units
1
Building materials
Stucco, Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
Coldwell Banker Premier
(702) 871-9500
Listed By:
Michael T. Oliver · License #S.0169549
(702) 525-6319
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 6:06AM
MLS# 2803671
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 for-sale multifamily property includes two triplex buildings with six occupied 2-bedroom, 2-bath units. Architectural plans are included for constructing two additional triplex buildings to expand the property from 6 units to 12 units. The expansion is proposed to be built north of the existing apartments so the current units can remain in place and continue generating income during development. A central courtyard design is part of the concept, with an approximately 1,850-square-foot warehouse between the existing buildings slated to be removed and replaced as described in the plans.
The offering also includes two parcels: the income-producing apartment property and an adjacent vacant lot, providing the land component for the planned increase in units.
Located in North Las Vegas, the property is described as being immediately west of a brand-new North Las Vegas Fire Station under construction. Buyers are advised to independently verify zoning, development requirements, permits, utility capacity, and all approvals associated with the proposed expansion.
The offering also includes two parcels: the income-producing apartment property and an adjacent vacant lot, providing the land component for the planned increase in units.
Located in North Las Vegas, the property is described as being immediately west of a brand-new North Las Vegas Fire Station under construction. Buyers are advised to independently verify zoning, development requirements, permits, utility capacity, and all approvals associated with the proposed expansion.
Key Highlights
- 6‑unit apartment property built in 1963, consisting of two triplex buildings with six 2‑bedroom, 2‑bath units
- All six units are currently occupied by tenants placed through HopeLink of Southern Nevada
- Sale includes two parcels: the income‑producing 6‑unit property plus an adjacent vacant lot
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 | $100.2k | $17.40 |
| − Vacancy | −$6.5k | −$1.13 |
| EGI | $93.7k | $16.27 |
| − OpEx | −$28.1k | −$4.88 |
| NOI | $65.6k | $11.39 |
5,760 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$937.1K
$820.0K – $1.09M
NOI $65,597 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$866.0K
$757.8K – $1.01M
NOI $60,620 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,113 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two triplex buildings totaling six occupied 2-bedroom units are paired with an adjacent vacant lot and approved expansion plans.
Where is this apartment building located?
The property is located at 2405 McCarran Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 6‑unit apartment property built in 1963, consisting of two triplex buildings with six 2‑bedroom, 2‑bath units; All six units are currently occupied by tenants placed through HopeLink of Southern Nevada; Sale includes two parcels: the income‑producing 6‑unit property plus an adjacent vacant lot
