Duplex with Large
New
For Sale
$375,000
5351 E Lake Mead Boulevard, Las Vegas, NV 89156
Residential, Las Vegas, NV
Property Size1,184 SF
Lot Size0.49 Acres
Price / SF$316.72
Days on Market6
Property Features for 5351 E Lake Mead Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school
,
Directions
HEAD NORTH ON THE 15TH, EXIT ON LAKE MEAD, HEAD EAST ON LAKE MEAD, CROSS NELLIS, PROPERTY TO THE RIGHT.
Standard status
Active
APN
140-21-303-002
Size
1,184 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Annual Amount
1001
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Realty of America LLC
(702) 248-8271
Listed By:
Ricardo Sanchez · License #S.0174109
(702) 808-1319
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 6 at 6:06PM
MLS# 2823469
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.
Built in 1955, this stucco duplex contains two units: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. The combined building area is 1,184 square feet on a 0.49-acre parcel. The property has concrete flooring, a flat roof, central electric heat, and central air conditioning; public water and sewer serve the site. A one-year-old roof and two new A/C units are also noted.
The property is at 5351 E Lake Mead Boulevard in Las Vegas. Its backyard and sizable parcel provide additional outdoor space alongside the two-unit layout.
The property is at 5351 E Lake Mead Boulevard in Las Vegas. Its backyard and sizable parcel provide additional outdoor space alongside the two-unit layout.
Key Highlights
- Two‑unit mix: one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit
- 1,184‑square‑foot building on a 0.49‑acre parcel
- One‑year‑old roof and two new A/C units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,628
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,560
$272.6K
Cap Rate 7%
$194,686
$194.7K
Cap Rate 9%
$151,422
$151.4K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$20.6K $17.40/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$19.5K $16.44/SF
− OpEx
−$5.8K −$4.93/SF
NOI
$13.6K $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%
$272,560
Cap Rate 7%
$194,686
Cap Rate 9%
$151,422
Alternative Uses
Best Use
Multifamily LT 5
$194.7K
$170.4K – $227.1K
NOI $13,628 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$179.9K
$157.4K – $209.9K
NOI $12,594 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$409.1K
$358.0K – $477.3K
NOI $28,639 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 89156, NV
30,067
Population
10,413
Households
2.9
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
44.7 sq mi
ZIP Area
673
Density / Sq Mi
$69,783
Median Household Income
$36,342
Median Earnings
$1,354
Median Rent
$288,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences with different bedroom layouts sit on a spacious parcel with a large backyard.
Where is this duplex located?
The property is located at 5351 E Lake Mead Boulevard Las Vegas, NV.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit mix: one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit; 1,184‑square‑foot building on a 0.49‑acre parcel; One‑year‑old roof and two new A/C units
