Duplex with Public
For Sale
$270,000
309 N 8th Street, Las Vegas, NV 89101
MULTI_FAMILY - Other - Las Vegas, NV
Property Size1,686 SF
Lot Size0.16 Acres
Price / SF$160.14
Days on Market10
Property Features for 309 N 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Oven, Range, Refrigerator
Subdivision
Bucks Sub
Elementary school
,
Directions
Downtown Las Vegas. From interstate i11 and Las Vegas Blvd South to Stewart Avenue. Proceed East on Stewart to 8th Street. Turn left (North) on 8th Street, property is on the right.
Standard status
Active
APN
139-34-512-084
Size
1,686 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1312
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1937
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile
Building materials
Stucco, Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Western Realty
(725) 204-1177
Listed By:
Brian Knaff · License #BS.1000586
(702) 595-5416
Added: Jul 23
Changed: Jul 30
Last Checked: Aug 1 at 7:06PM
MLS# 2803585
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 duplex at 309 N 8th Street in Las Vegas sits on a 0.16-acre lot and totals 1,686 SF. The property is described as fully rented, and the building includes electric heating, a shingle/composition roof, and carpet and tile flooring. Construction materials are stucco and wood frame, with a year built of 1937. The units include an oven, range, and refrigerator.
The City of Las Vegas is asking developers to present options to develop 11 acres beginning on 7th Street and Stewart, and this property is on 8th Street and Stewart. The building is described as needing maintenance.
Served by public water and public sewer, this duplex offers a straightforward holding option with on-site systems already connected for day-to-day occupancy.
The City of Las Vegas is asking developers to present options to develop 11 acres beginning on 7th Street and Stewart, and this property is on 8th Street and Stewart. The building is described as needing maintenance.
Served by public water and public sewer, this duplex offers a straightforward holding option with on-site systems already connected for day-to-day occupancy.
Key Highlights
- 0.16‑acre lot with 1,686 SF duplex at 309 N 8th Street
- Described as fully rented
- Built in 1937 with stucco and wood‑frame construction
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 | $29.3k | $17.40 |
| − Vacancy | −$1.6k | −$0.96 |
| EGI | $27.7k | $16.44 |
| − OpEx | −$8.3k | −$4.93 |
| NOI | $19.4k | $11.51 |
1,686 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.2K
$242.6K – $323.4K
NOI $19,406 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,933 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$582.6K
$509.8K – $679.7K
NOI $40,781 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,353
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a 0.16-acre lot with 1,686 SF, public water and sewer, electric heating, and a shingle/composition roof.
Where is this duplex located?
The property is located at 309 N 8th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 0.16‑acre lot with 1,686 SF duplex at 309 N 8th Street; Described as fully rented; Built in 1937 with stucco and wood‑frame construction
