Four-Unit Duplex
For Sale
$435,000
2529 Valley Street, Las Vegas, NV 89101
Two buildings with four one-bedroom, one-bath units, including one potentially convertible to a two-bedroom layout.
Property Size2,720 SF
Days on Market245
Property Features for 2529 Valley Street
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,084
Building Details
Building Size
2,720 SF
Year Built
1959
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams MarketPlace
Listed By:
Richard J. Brenkus · License #BS.0016186
(702) 752-0044
Source:
Vicerealtygroup
Added: Feb 3
Changed: Sep 25
Last Checked: Oct 5 at 8:48PM
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 Keller Williams MarketPlace
Investment Insights
Based on property information with market context.
This four-unit duplex property features multiple units across two buildings, with two units in each building. All units offer one bedroom and one bathroom, with one unit featuring a bedroom large enough to potentially be converted into a two-bedroom layout. The property was built in 1959.
The property is located at 2529 Valley Street in Las Vegas, NV 89101. Ample parking is available for tenants and guests.
For buyers seeking a small, multi-unit residential income asset, this configuration offers consistent unit mix across both buildings, with a potential layout flexibility in one unit.
The property is located at 2529 Valley Street in Las Vegas, NV 89101. Ample parking is available for tenants and guests.
For buyers seeking a small, multi-unit residential income asset, this configuration offers consistent unit mix across both buildings, with a potential layout flexibility in one unit.
Key Highlights
- Two buildings with two units each for four total units
- All units feature one bedroom and one bathroom
- One unit has a bedroom large enough to potentially convert to a two‑bedroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,307
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,140
$626.1K
Cap Rate 7%
$447,243
$447.2K
Cap Rate 9%
$347,856
$347.9K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$47.3K $17.40/SF
− Vacancy
−$2.6K −$0.96/SF
EGI
$44.7K $16.44/SF
− OpEx
−$13.4K −$4.93/SF
NOI
$31.3K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,140
Cap Rate 7%
$447,243
Cap Rate 9%
$347,856
Alternative Uses
Best Use
Multifamily LT 5
$447.2K
$391.3K – $521.8K
NOI $31,307 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$413.3K
$361.6K – $482.2K
NOI $28,931 @ 7.0% cap · market cap 6.65%
Theoretical Best
Specialty Retail
$939.9K
$822.4K – $1.10M
NOI $65,791 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 89101, NV
42,465
Population
18,258
Households
2.3
Avg Household Size
35
Median Age
11%
College-Educated
66%
High-School Grad
5.4 sq mi
ZIP Area
7,864
Density / Sq Mi
$38,653
Median Household Income
$29,471
Median Earnings
$1,008
Median Rent
$258,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two buildings with four one-bedroom, one-bath units, including one potentially convertible to a two-bedroom layout.
Where is this duplex located?
The property is located at 2529 Valley Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two buildings with two units each for four total units; All units feature one bedroom and one bathroom; One unit has a bedroom large enough to potentially convert to a two‑bedroom layout
