Renovated Five-Unit Apartment
For Sale
$749,900
2536 Carroll Street, North Las Vegas, NV 89030
Updated interiors, varied unit layouts, and a separate laundry room create a practical multifamily configuration.
Property Size3,088 SF
Days on Market120
Property Features for 2536 Carroll Street
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Multi Family
Financials
Cap Rate
7%
Average Monthly Rent
$1,063
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$1,235
Amenities
on-site laundry room
Building Details
Building Size
3,088 SF
Year Built
1954
Listing Agency:
Rothwell Gornt Companies
Listed By:
Richard Crighton · License #B.0046791
(702) 768-5755
Source:
Vicerealtygroup
Added: Jun 18
Changed: Oct 10
Last Checked: Oct 15 at 4:40AM
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 Rothwell Gornt Companies
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 3,088-square-foot apartment property contains five units: one three-bedroom, two-bath residence, one two-bedroom, one-bath residence, and three one-bedroom, one-bath residences. Improvements include new kitchens, bathrooms, HVAC systems, plumbing, electrical work, cabinets, flooring, and roofing in the larger units, while the one-bedroom units have updated kitchens and flooring. A separate on-site laundry room serves the property.
Built in 1954, the building is located at 2536 Carroll St in North Las Vegas, Nevada. The property is offered with a stated 7.0% cap rate and provides a diversified unit mix within a compact multifamily asset.
Built in 1954, the building is located at 2536 Carroll St in North Las Vegas, Nevada. The property is offered with a stated 7.0% cap rate and provides a diversified unit mix within a compact multifamily asset.
Key Highlights
- Five total apartment units with one 3bed/2bath, one 2bed/1bath, and three 1bed/1bath units
- 3,088 SF apartment property built in 1954
- New kitchens, baths, HVACs, plumbing, electrical, cabinets, flooring, and roof in the larger units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,499
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,980
$650.0K
Cap Rate 7%
$464,271
$464.3K
Cap Rate 9%
$361,100
$361.1K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$63.0K $20.40/SF
− Vacancy
−$3.9K −$1.26/SF
EGI
$59.1K $19.14/SF
− OpEx
−$26.6K −$8.61/SF
NOI
$32.5K $10.52/SF
Area
North Las Vegas, NV
Vacancy
6.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,980
Cap Rate 7%
$464,271
Cap Rate 9%
$361,100
Alternative Uses
Best Use
Apartment 5plus
$464.3K
$406.2K – $541.7K
NOI $32,499 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.7K
$731.2K – $975.0K
NOI $58,497 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
637
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors, varied unit layouts, and a separate laundry room create a practical multifamily configuration.
Where is this apartment building located?
The property is located at 2536 Carroll Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Five total apartment units with one 3bed/2bath, one 2bed/1bath, and three 1bed/1bath units; 3,088 SF apartment property built in 1954; New kitchens, baths, HVACs, plumbing, electrical, cabinets, flooring, and roof in the larger units
