Two-Unit
612 West McWilliams Avenue, Las Vegas, NV 89106
For Sale
$240,000
Includes a three-bedroom residence and a studio, each with one bathroom.
Property Size1,704 SF
Days on Market130
Property Features for 612 West McWilliams Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Realty ONE Group, Inc
Listed By:
Kimbly Bolden · License #S.0177883
(702) 338-1155
Source:
Vicerealtygroup
Added: Jul 2
Changed: Oct 31
Last Checked: Nov 8 at 1:24PM
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 Realty ONE Group, Inc
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Investment Insights
Based on property information with market context.
This duplex at 612 West McWilliams Avenue in Las Vegas, Nevada, contains two separate residential units. The larger unit offers 3 bedrooms and 1 bathroom across 1,248 square feet, while the second is a 456-square-foot studio with 1 bathroom. The property was built in 1951.
The property is approximately 5 minutes from Downtown Las Vegas and the Las Vegas Strip. Its surrounding context includes nightclubs, restaurants, high-rise buildings, and other amenities. The two-unit configuration provides separate living spaces within a single residential income property.
The property is approximately 5 minutes from Downtown Las Vegas and the Las Vegas Strip. Its surrounding context includes nightclubs, restaurants, high-rise buildings, and other amenities. The two-unit configuration provides separate living spaces within a single residential income property.
Key Highlights
- Two‑unit duplex at 612 West McWilliams Avenue, Las Vegas, NV 89106
- 3‑bedroom/1‑bath unit measuring 1,248 sq ft
- Studio/1‑bath unit measuring 456 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,613
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
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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
$263,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Las Vegas, NV
Properties on Market for Duplexes in Las Vegas
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Includes a three-bedroom residence and a studio, each with one bathroom.
Where is this duplex located?
The property is located at 612 West 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 at 612 West McWilliams Avenue, Las Vegas, NV 89106; 3‑bedroom/1‑bath unit measuring 1,248 sq ft; Studio/1‑bath unit measuring 456 sq ft
