Residential Income Property with
353 E Bonneville Avenue #121, Las Vegas, NV 89101
For Sale
$675,555
The residence permits rentals of 30 days or longer and includes access to shared building amenities.
Property Size1,858 SF
Price / SF$363.59
Days on Market34
Property Features for 353 E Bonneville Avenue #121
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
pool
gym
viewing deck
co working space
Building Details
Year Built
Listing Agency:
NV Broker & Associates, LLC
Listed By:
Marissa Anderson · License NV B.0145181
(702) 748-2377
Source:
Barberrealty
Added: Oct 12
Changed: Nov 13
Last Checked: Nov 13 at 1:40PM
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 NV Broker & Associates, LLC
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Investment Insights
Based on property information with market context.
Located in the Juhl high-rise in Downtown Las Vegas, this 1,858-square-foot residence has two bedrooms, a separate office, and three bathrooms renovated with upgraded vanities, signature hardware, a soaking tub, and smart bidet technology. The kitchen features Samsung appliances, custom Hue lighting, a wine rack, and a walk-in pantry; a laundry room and balcony are also included. The building was completed in 2008.
Residents have access to a pool, gym, viewing deck, and co-working space. Rentals are permitted for stays of 30 days or more.
Residents have access to a pool, gym, viewing deck, and co-working space. Rentals are permitted for stays of 30 days or more.
Key Highlights
- 1,858‑square‑foot residence with two bedrooms, an office, and three bathrooms
- Three bathrooms renovated with upgraded vanities, signature hardware, soaking tub, and smart bidet technology
- Kitchen includes Samsung appliances, custom Hue lighting, wine rack, and walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,763
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,260
$395.3K
Cap Rate 7%
$282,329
$282.3K
Cap Rate 9%
$219,589
$219.6K
Market Conditions
NOI Build-Up for 1,858 SF
Gross rent
$37.9K $20.40/SF
− Vacancy
−$2.0K −$1.06/SF
EGI
$35.9K $19.34/SF
− OpEx
−$16.2K −$8.70/SF
NOI
$19.8K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,260
Cap Rate 7%
$282,329
Cap Rate 9%
$219,589
Alternative Uses
Best Use
Apartment 5plus
$282.3K
$247.0K – $329.4K
NOI $19,763 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$642.0K
$561.8K – $749.0K
NOI $44,941 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,388
Businesses Nearby
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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
$258,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Las Vegas, NV
Properties on Market for Residential income properties in Las Vegas
Frequently Asked Questions
What type of property is this?
Residential income property - The residence permits rentals of 30 days or longer and includes access to shared building amenities.
Where is this residential income property located?
The property is located at 353 E Bonneville Avenue #121 Las Vegas, NV.
What is the asking price?
The asking price for this property is $675,555.
What are key features of this property?
This property features: 1,858‑square‑foot residence with two bedrooms, an office, and three bathrooms; Three bathrooms renovated with upgraded vanities, signature hardware, soaking tub, and smart bidet technology; Kitchen includes Samsung appliances, custom Hue lighting, wine rack, and walk‑in pantry
