Two-Story Residential Income
2405 W Serene Avenue #217, Las Vegas, NV 89123
For Sale
$380,000
A private-entry residence includes a parking space, storage, and access to community amenities.
Property Size1,461 SF
Price / SF$260.10
Days on Market39
Property Features for 2405 W Serene Avenue #217
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Amenities
Guard Gate
Swimming Pool
Fitness Center
Concierge
Steam Room
Building Details
Year Built
Listing Agency:
Las Vegas Real Estate Speciali
(702) 900-3097
Listed By:
Leng K. Lim · License #S.0169965
(702) 343-2670
Source:
Barberrealty
Added: Sep 30
Changed: Nov 6
Last Checked: Nov 7 at 6:28AM
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 Las Vegas Real Estate Speciali
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,461-square-foot, two-story residence was built in 2007 and has a private entrance. Two bedrooms, each with a private bathroom, are located upstairs; a half bath is on the lower level. The property also includes a dedicated parking space, storage, appliances, and carpet installed in late September 2026.
Community features include a guard gate, swimming pool, fitness center, concierge, and steam room. The HOA covers water, sewer, and trash.
Community features include a guard gate, swimming pool, fitness center, concierge, and steam room. The HOA covers water, sewer, and trash.
Key Highlights
- 1,461‑square‑foot, two‑story residence built in 2007
- Two upstairs bedrooms, each with a private bathroom, plus a downstairs half bath
- Private entrance, dedicated parking space, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,540
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,800
$310.8K
Cap Rate 7%
$222,000
$222.0K
Cap Rate 9%
$172,667
$172.7K
Market Conditions
NOI Build-Up for 1,461 SF
Gross rent
$29.8K $20.40/SF
− Vacancy
−$1.5K −$1.06/SF
EGI
$28.3K $19.34/SF
− OpEx
−$12.7K −$8.70/SF
NOI
$15.5K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,800
Cap Rate 7%
$222,000
Cap Rate 9%
$172,667
Alternative Uses
Best Use
Apartment 5plus
$222.0K
$194.3K – $259.0K
NOI $15,540 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.8K
$441.7K – $589.0K
NOI $35,339 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 89123, NV
55,584
Population
25,246
Households
2.2
Avg Household Size
42
Median Age
32%
College-Educated
92%
High-School Grad
10.4 sq mi
ZIP Area
5,345
Density / Sq Mi
$80,992
Median Household Income
$46,838
Median Earnings
$1,641
Median Rent
$424,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Las Vegas, NV
Properties on Market for Residential income properties in Las Vegas
Frequently Asked Questions
What type of property is this?
Residential income property - A private-entry residence includes a parking space, storage, and access to community amenities.
Where is this residential income property located?
The property is located at 2405 W Serene Avenue #217 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: 1,461‑square‑foot, two‑story residence built in 2007; Two upstairs bedrooms, each with a private bathroom, plus a downstairs half bath; Private entrance, dedicated parking space, and storage
