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Remodeled Residential Income Property
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3769 Carlyle Drive, Las Vegas, NV 89115

First-floor corner condominium with updated finishes and community recreation amenities.

Property Size957 SF
Price / SF$146.28
Days on Market64

Property Features for 3769 Carlyle Drive

General Information

Standard status Active
Size 957 SF
Class B
Property subtype Multifamily

Building Details

Year Built 1983
Year Renovated 2025
Units 1
Listing Agency: Simply Vegas
Listed By: Catherine Hyde · License #0070366
Source: Crexi
Added: Aug 26 Changed: Oct 25 Last Checked: Oct 28 at 8:00AM

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 Simply Vegas

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Investment Insights

Based on property information with market context.

This first-floor corner condominium includes 2 bedrooms and 1 bathroom within a fully remodeled interior. Improvements include fresh paint, laminate flooring, a quartz countertop, dishwasher, and stove. The unit was built in 1983 and offers a low-maintenance ownership profile for investors or owner-occupants.

Community amenities include a swimming pool, tennis courts, and designated dog areas. HOA coverage includes water, trash, and sewer. The property is near Walnut Recreation Center and Park, Alcelero Learning, Las Vegas Metropolitan Police Department, Cheyenne Sports Complex, and College of Southern Nevada. The condominium is located at 3769 Carlyle Drive in Las Vegas, Nevada 89115.

Key Highlights

  • 2‑bedroom, 1‑bathroom first‑floor corner condominium
  • Fully remodeled interior with laminate flooring and fresh paint
  • Quartz countertop plus new dishwasher and stove

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$9,501
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,020 $190.0K
Cap Rate 7%
$135,729 $135.7K
Cap Rate 9%
$105,567 $105.6K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$18.1K $18.96/SF
− Vacancy
−$871 −$0.91/SF
EGI
$17.3K $18.05/SF
− OpEx
−$7.8K −$8.12/SF
NOI
$9.5K $9.93/SF
Area
ZIP 89115
Vacancy
4.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,020
Cap Rate 7%
$135,729
Cap Rate 9%
$105,567

Alternative Uses

Best Use
Apartment 5plus
$135.7K
$118.8K – $158.4K (±1% cap)
NOI $9,501 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.1K
$250.4K – $333.8K (±1% cap)
NOI $20,028 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby

Demographics for 89115, NV

67,043
Population
21,670
Households
3.1
Avg Household Size
29
Median Age
9%
College-Educated
70%
High-School Grad
24.9 sq mi
ZIP Area
2,692
Density / Sq Mi
$49,648
Median Household Income
$32,198
Median Earnings
$1,294
Median Rent
$258,900
Median Home Value

Frequently Asked Questions

What type of property is this?
Residential income property - First-floor corner condominium with updated finishes and community recreation amenities.
Where is this residential income property located?
The property is located at 3769 Carlyle Drive Las Vegas, NV.
What is the asking price?
The asking price for this property is $139,990.
What are key features of this property?
This property features: 2‑bedroom, 1‑bathroom first‑floor corner condominium; Fully remodeled interior with laminate flooring and fresh paint; Quartz countertop plus new dishwasher and stove
(702) 408-2289 Call to check price and availability
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