Triplex with On-Site
For Sale
$525,000
3117 East Carey Avenue, North Las Vegas, NV 89030
Separate electric meters serve the units, alongside centralized heating and cooling.
Property Size2,420 SF
Price / SF$216.94
Days on Market51
Property Features for 3117 East Carey Avenue
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Triplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$1,302
Amenities
durable tile flooring
central heating and cooling
assigned paved parking
on-site laundry facilities
Building Details
Building Size
2,420 SF
Year Built
1981
Construction
stucco
Listing Agency:
Fathom Realty
Listed By:
Maria C. Castro-DeWitt · License #S.0199794
(725) 252-7182
Source:
Mahsheed
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 30 at 11:05PM
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 Fathom Realty
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Investment Insights
Based on property information with market context.
This 2,420-square-foot triplex was built in 1981 and features tile flooring, a stucco exterior, and central heating and cooling. On-site laundry and assigned paved parking are also part of the property, with separate electric meters for the units.
The North Las Vegas property is near schools, shopping centers, and public transit.
The North Las Vegas property is near schools, shopping centers, and public transit.
Key Highlights
- 2,420 square feet across a triplex
- Built in 1981
- Separate electric meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,560
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,200
$551.2K
Cap Rate 7%
$393,714
$393.7K
Cap Rate 9%
$306,222
$306.2K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$42.1K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$39.4K $16.27/SF
− OpEx
−$11.8K −$4.88/SF
NOI
$27.6K $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%
$551,200
Cap Rate 7%
$393,714
Cap Rate 9%
$306,222
Alternative Uses
Best Use
Multifamily LT 5
$393.7K
$344.5K – $459.3K
NOI $27,560 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$363.8K
$318.4K – $424.5K
NOI $25,469 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$654.9K
$573.0K – $764.1K
NOI $45,843 @ 7.0% cap · market cap 8.73%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
584
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate electric meters serve the units, alongside centralized heating and cooling.
Where is this triplex located?
The property is located at 3117 East Carey Avenue North Las Vegas, NV.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,420 square feet across a triplex; Built in 1981; Separate electric meters for the units
