Duplex with Recent
For Sale
$380,000
48 N 28th St, Las Vegas, NV 89101
Two separate units offer a one-bedroom and three-bedroom configuration.
Property Size1,436 SF
Price / SF$264.62
Days on Market301
Property Features for 48 N 28th St
General Information
Standard status
Active
Size
1,436 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1948
Listing Agency:
Fathom Realty
Listed By:
Jesus E. Moreno (702) 845-5922 · License #S.0187687
(702) 845-5922
Source:
Lasvegasareahomes4sale
Added: Dec 22, 2025
Changed: Oct 1
Last Checked: Oct 16 at 9:29AM
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 duplex contains 1,436 square feet and is arranged as two separate residences. The unit mix includes one one-bedroom, one-bathroom unit and one three-bedroom, one-bathroom unit. Built in 1948, the property has a newer roof installed approximately 2 years ago.
The property is near shopping, dining, schools, Downtown Las Vegas, and major freeway access. Its two-unit configuration supports rental use and provides flexibility for an owner seeking a residence alongside an additional unit.
The property is near shopping, dining, schools, Downtown Las Vegas, and major freeway access. Its two-unit configuration supports rental use and provides flexibility for an owner seeking a residence alongside an additional unit.
Key Highlights
- Two‑unit duplex with 1,436 square feet
- Unit 1: 1 bedroom and 1 bathroom
- Unit 2: 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,529
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,580
$330.6K
Cap Rate 7%
$236,129
$236.1K
Cap Rate 9%
$183,656
$183.7K
Market Conditions
NOI Build-Up for 1,436 SF
Gross rent
$25.0K $17.40/SF
− Vacancy
−$1.4K −$0.96/SF
EGI
$23.6K $16.44/SF
− OpEx
−$7.1K −$4.93/SF
NOI
$16.5K $11.51/SF
Area
Las Vegas, NV
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,580
Cap Rate 7%
$236,129
Cap Rate 9%
$183,656
Alternative Uses
Best Use
Multifamily LT 5
$236.1K
$206.6K – $275.5K
NOI $16,529 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$218.2K
$190.9K – $254.6K
NOI $15,274 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$496.2K
$434.2K – $578.9K
NOI $34,734 @ 7.0% cap · market cap 9.14%
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
1,240
Businesses Nearby
Explore this area
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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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 - Two separate units offer a one-bedroom and three-bedroom configuration.
Where is this duplex located?
The property is located at 48 N 28th St 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: Two‑unit duplex with 1,436 square feet; Unit 1: 1 bedroom and 1 bathroom; Unit 2: 3 bedrooms and 1 bathroom
