For Sale
$374,000
3604 Glendale Avenue, North Las Vegas, NV 89030
The 1964-built property has tenants with more than five years of occupancy.
Property Size1,760 SF
Days on Market20
Property Features for 3604 Glendale Avenue
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$803
Building Details
Building Size
1,760 SF
Year Built
1964
Listing Agency:
Real Estate One LLC
Listed By:
Fegiel Lopez-Arreola · License #S.0069915
(702) 583-8836
Source:
Vicerealtygroup
Added: Sep 30
Changed: Oct 17
Last Checked: Oct 16 at 2:31PM
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 Real Estate One LLC
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Investment Insights
Based on property information with market context.
This duplex was built in 1964 and is currently tenant-occupied. The tenants have remained in place for more than five years, providing an established occupancy history.
The property is on Glendale Avenue in North Las Vegas. Shopping, schools, and freeways are noted nearby. Two additional duplexes on the same street are also offered for sale by the owner.
The property is on Glendale Avenue in North Las Vegas. Shopping, schools, and freeways are noted nearby. Two additional duplexes on the same street are also offered for sale by the owner.
Key Highlights
- Built in 1964
- Current tenants have occupied the duplex for more than five years
- Two additional owner‑held duplexes are offered on the same street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,043
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,860
$400.9K
Cap Rate 7%
$286,329
$286.3K
Cap Rate 9%
$222,700
$222.7K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$30.6K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.6K $16.27/SF
− OpEx
−$8.6K −$4.88/SF
NOI
$20.0K $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%
$400,860
Cap Rate 7%
$286,329
Cap Rate 9%
$222,700
Alternative Uses
Best Use
Multifamily LT 5
$286.3K
$250.5K – $334.1K
NOI $20,043 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$264.6K
$231.5K – $308.7K
NOI $18,523 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$476.3K
$416.8K – $555.7K
NOI $33,340 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
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?
Duplex - The 1964-built property has tenants with more than five years of occupancy.
Where is this duplex located?
The property is located at 3604 Glendale Avenue North Las Vegas, NV.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Built in 1964; Current tenants have occupied the duplex for more than five years; Two additional owner‑held duplexes are offered on the same street
