Duplex with Built-In
2420 Salt Lake Street, North Las Vegas, NV 89030
For Sale
$360,000
Both residences include two bedrooms, an eat-in kitchen, and a full bathroom.
Property Size1,380 SF
Days on Market9
Property Features for 2420 Salt Lake Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Evolve Realty
Listed By:
Oliver Tolentino · License #BS.0143821
(702) 400-6543
Source:
Vicerealtygroup
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 6 at 3:19PM
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 Evolve Realty
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.
Built in 1958, this duplex contains two residences. Each has a living room, an eat-in kitchen with built-in appliances, two bedrooms, and a bathroom with a combined shower and tub. Ceiling fans and window blinds are also present in both units.
The property is in North Las Vegas, within minutes of restaurants, shopping centers, and parks.
The property is in North Las Vegas, within minutes of restaurants, shopping centers, and parks.
Key Highlights
- Two residences, each with two bedrooms
- Each unit has a living room and eat‑in kitchen with built‑in appliances
- Bathrooms feature a combined shower and tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,716
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,320
$314.3K
Cap Rate 7%
$224,514
$224.5K
Cap Rate 9%
$174,622
$174.6K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$24.0K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$22.5K $16.27/SF
− OpEx
−$6.7K −$4.88/SF
NOI
$15.7K $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%
$314,320
Cap Rate 7%
$224,514
Cap Rate 9%
$174,622
Alternative Uses
Best Use
Multifamily LT 5
$224.5K
$196.5K – $261.9K
NOI $15,716 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$207.5K
$181.6K – $242.1K
NOI $14,524 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$373.5K
$326.8K – $435.7K
NOI $26,142 @ 7.0% cap · market cap 7.26%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
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
$237,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 include two bedrooms, an eat-in kitchen, and a full bathroom.
Where is this duplex located?
The property is located at 2420 Salt Lake Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms; Each unit has a living room and eat‑in kitchen with built‑in appliances; Bathrooms feature a combined shower and tub
