Duplex with Studio
For Sale
$240,000
612 W McWilliams Avenue, Las Vegas, NV 89106
Residential, Las Vegas, NV
Property Size1,704 SF
Lot Size0.15 Acres
Price / SF$140.85
Days on Market58
Property Features for 612 W McWilliams Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Blinds
Interior features
Window Treatments
Appliances
Electric Water Heater, Oven, Range, Water Heater
Subdivision
Las Vegas Orig Townsite 2nd Amd
Elementary school
,
Directions
From Bonanza and H Street, North on H Street to 612 McWilliams
Standard status
Active
APN
139-27-310-100
Size
1,704 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
690
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Stucco, Wood Siding
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
(702) 898-0101
Listed By:
Kimbly Bolden · License #S.0177883
(702) 338-1155
Added: Jul 2
Changed: Aug 26
Last Checked: Aug 28 at 9:06PM
MLS# 2793710
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 Las Vegas duplex contains two separate residences totaling 1,704 square feet: a 3-bedroom/1-bath unit measuring 1,248 square feet and a studio/1-bath unit with 456 square feet. Built in 1951, the property sits on a 0.15-acre lot and includes ceramic tile and carpet flooring, window treatments, central air conditioning, and central electric heat. The kitchens are equipped with an oven, range, and electric water heater.
Located at 612 W McWilliams Avenue, the property is approximately 5 minutes from Downtown Las Vegas and the Las Vegas Strip. Public water and public sewer serve the site. Exterior materials include stucco and wood siding, with a shingle and composition roof.
Located at 612 W McWilliams Avenue, the property is approximately 5 minutes from Downtown Las Vegas and the Las Vegas Strip. Public water and public sewer serve the site. Exterior materials include stucco and wood siding, with a shingle and composition roof.
Key Highlights
- Two‑unit duplex totaling 1,704 square feet
- 3‑bedroom/1‑bath residence with 1,248 sq ft
- Studio/1‑bath residence with 456 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,260
$392.3K
Cap Rate 7%
$280,186
$280.2K
Cap Rate 9%
$217,922
$217.9K
Market Conditions
NOI Build-Up for 1,704 SF
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.
Gross rent
$29.6K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$28.0K $16.44/SF
− OpEx
−$8.4K −$4.93/SF
NOI
$19.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$392,260
Cap Rate 7%
$280,186
Cap Rate 9%
$217,922
Alternative Uses
Best Use
Multifamily LT 5
$280.2K
$245.2K – $326.9K
NOI $19,613 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$258.9K
$226.6K – $302.1K
NOI $18,125 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$588.8K
$515.2K – $686.9K
NOI $41,216 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 89106, NV
27,695
Population
10,906
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
5,430
Density / Sq Mi
$38,848
Median Household Income
$31,265
Median Earnings
$1,169
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences include a three-bedroom unit and a studio, each with one bathroom.
Where is this duplex located?
The property is located at 612 W McWilliams Avenue Las Vegas, NV.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,704 square feet; 3‑bedroom/1‑bath residence with 1,248 sq ft; Studio/1‑bath residence with 456 sq ft
