Duplex with Leased
For Sale
$380,000
3616 Glendale Avenue, North Las Vegas, NV 89030
One residence offers three bedrooms, and both units have tenants under active leases.
Property Size1,920 SF
Days on Market20
Property Features for 3616 Glendale Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$839
Building Details
Building Size
1,920 SF
Year Built
1964
Listing Agency:
Real Estate One LLC
Listed By:
Fegiel Lopez-Arreola · License #S.0069915
(702) 583-8836
Source:
Virtuelre
Added: Sep 30
Changed: Oct 14
Last Checked: Oct 16 at 5:50PM
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.
Built in 1964, this duplex has tenants in place under active leases. One of the residences is configured with three bedrooms. The current tenants have occupied their units for more than five years.
The owner is also offering two additional duplexes on the same street, providing a potential opportunity to acquire multiple properties together.
The owner is also offering two additional duplexes on the same street, providing a potential opportunity to acquire multiple properties together.
Key Highlights
- Duplex built in 1964
- Both units are occupied under active leases
- One unit has three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,866
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,320
$437.3K
Cap Rate 7%
$312,371
$312.4K
Cap Rate 9%
$242,956
$243.0K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$33.4K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.2K $16.27/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$21.9K $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%
$437,320
Cap Rate 7%
$312,371
Cap Rate 9%
$242,956
Alternative Uses
Best Use
Multifamily LT 5
$312.4K
$273.3K – $364.4K
NOI $21,866 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$288.7K
$252.6K – $336.8K
NOI $20,207 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$519.6K
$454.6K – $606.2K
NOI $36,371 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
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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 - One residence offers three bedrooms, and both units have tenants under active leases.
Where is this duplex located?
The property is located at 3616 Glendale Avenue North Las Vegas, NV.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Duplex built in 1964; Both units are occupied under active leases; One unit has three bedrooms
