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    Las Vegas Duplex Investment Opportunity

    48 N 28th Street Las Vegas, NV 89101

    48 N 28th Street, Las Vegas, NV, 89101
    $380,000
    For Sale
    Claim this Listing
    $380,000

    MULTI_FAMILY - Other - Las Vegas, NV

    Property Size1,436 SF
    Lot Size0.16 Acres
    Price / SF$264.62
    AddedMay 11
    Days on Market65
    Last RefreshJul 14 at 8:06 pm

    Property Features for 48 N 28th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Covered
    Window features
    Blinds
    Interior features
    Ceiling Fan(s), Storage, Window Treatments
    Appliances
    Oven, Range, Refrigerator
    Standard status
    Active
    APN
    139-36-411-073
    Size
    1,436 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    706

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Zoned
    Cooling system
    Window Unit(s)
    Water source
    Private, Well

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile - Ceramic
    Building materials
    Block, Stucco
    Roof type
    Composition, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    Listing agent Jesus E. Moreno License #S.0187687

    Listing office Fathom Realty 3585 E Flamingo Rd Ste. #204, Las Vegas, NV

    Listing date May 11, 2026

    MLS# 2781835

    Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This duplex in Las Vegas presents an investment opportunity, featuring two separate units. Unit 1 includes 1 bedroom and 1 bathroom, while Unit 2 offers 3 bedrooms and 1 bathroom. The property benefits from a newer roof, approximately 2 years old. Its location provides convenient access to shopping, dining, schools, Downtown Las Vegas, and major freeways. The property offers flexibility and potential for generating income. The lot size is 0.16 acres and the property size is 1436 square feet.

    Key Highlights

    • Strong rental income potential from two separate units.
    • Newer roof (2 years old) reduces future maintenance costs.
    • Convenient location near shopping, dining, schools, Downtown Las Vegas, and major freeway access.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $25.0k $17.40
    − Vacancy −$1.4k −$0.96
    EGI $23.6k $16.44
    − OpEx −$7.1k −$4.93
    NOI $16.5k $11.51
    1,436 SF · lease $17.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $236.1K
    $206.6K – $275.5K (±1% cap)
    NOI $16,529 @ 7.0% cap · market cap 4.35%
    Second Best
    Apartment 5plus
    $218.2K
    $190.9K – $254.6K (±1% cap)
    NOI $15,274 @ 7.0% cap · market cap 4.02%
    Theoretical Best
    Specialty Retail
    $496.2K
    $434.2K – $578.9K (±1% cap)
    NOI $34,734 @ 7.0% cap · market cap 9.14%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage Daycare Center Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center Wine and Liquor Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex near Downtown Las Vegas with strong rental potential.
    Where is this duplex located?
    The property is located at 48 N 28th Street 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: Strong rental income potential from two separate units.; Newer roof (2 years old) reduces future maintenance costs.; Convenient location near shopping, dining, schools, Downtown Las Vegas, and major freeway access.
    Contact an agent
    (702) 845-5922
    We can help!
    Contact an agent
    Jesus E. Moreno
    Real Estate License ID: S.0187687
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