Multifamily
For Sale
$699,999
637 North 11th Street, Las Vegas, NV 89101
A 1961-built property offers 3,268 square feet in downtown Las Vegas.
Property Size3,268 SF
Price / SF$214.20
Days on Market195
Property Features for 637 North 11th Street
General Information
Standard status
Active
Size
3,268 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Homeless Corridor
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$1,501
Building Details
Building Size
3,268 SF
Year Built
1961
Listing Agency:
Key Realty
Listed By:
Colleen J. Blythe · License #S.0199068
(702) 762-4232
Source:
Bradyluxuryhomes
Added: Apr 17
Changed: Oct 28
Last Checked: Oct 26 at 3:44PM
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 Key Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 637 North 11th Street in Las Vegas contains 3,268 square feet and was built in 1961.
The property is in downtown Las Vegas, within the area described as the city’s cultural corridor.
The property is in downtown Las Vegas, within the area described as the city’s cultural corridor.
Key Highlights
- 3,268‑square‑foot multifamily property
- Built in 1961
- Located at 637 North 11th Street in downtown Las Vegas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,760
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,200
$695.2K
Cap Rate 7%
$496,571
$496.6K
Cap Rate 9%
$386,222
$386.2K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$66.7K $20.40/SF
− Vacancy
−$3.5K −$1.06/SF
EGI
$63.2K $19.34/SF
− OpEx
−$28.4K −$8.70/SF
NOI
$34.8K $10.64/SF
Area
Las Vegas, NV
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,200
Cap Rate 7%
$496,571
Cap Rate 9%
$386,222
Alternative Uses
Best Use
Apartment 5plus
$496.6K
$434.5K – $579.3K
NOI $34,760 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$988.1K – $1.32M
NOI $79,046 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,830
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A 1961-built property offers 3,268 square feet in downtown Las Vegas.
Where is this multifamily property located?
The property is located at 637 North 11th Street Las Vegas, NV.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 3,268‑square‑foot multifamily property; Built in 1961; Located at 637 North 11th Street in downtown Las Vegas
