Duplex With Updated
For Sale
$399,900
Pending
706 Dike Lane, Las Vegas, NV 89106
Residential, Las Vegas, NV
Property Size1,982 SF
Lot Size0.17 Acres
Days on Market14
Property Features for 706 Dike Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Elementary school
,
Directions
FROM RANCHO AND THE 95, NORTH ON RANCHO TO BONANZA, RIGHT ON BONANZA, LEFT ON DIKE. HOUSE IS ON THE RIGHT SIDE OF STREET.
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Pending
APN
139-29-704-021
Size
1,982 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
1578
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Wood Siding
Architectural style
Other
Listing Agency:
Keller Williams MarketPlace · Keller Williams Realty
(702) 939-0000
Listed By:
Denny Seybert · License #S.0049671
(702) 499-9947
Added: Sep 23
Changed: Oct 6
Last Checked: Oct 6 at 8:06PM
MLS# 2821150
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 1,982-square-foot duplex sits on a 0.17-acre lot and was built in 1953. Interior improvements include vinyl plank flooring, stainless steel appliances, and fresh paint. The property also has central heating and air conditioning, and public water and sewer service.
Both units have access to on-site and street parking. Sewer plumbing is in place for a potential RV hookup. The property is in Las Vegas, near downtown, the Strip, convention centers, shopping, dining, and freeway access.
Both units have access to on-site and street parking. Sewer plumbing is in place for a potential RV hookup. The property is in Las Vegas, near downtown, the Strip, convention centers, shopping, dining, and freeway access.
Key Highlights
- 1,982‑square‑foot duplex on a 0.17‑acre lot
- Built in 1953
- Updated vinyl plank flooring, stainless steel appliances, and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,813
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 1,982 SF
Gross rent
$34.5K $17.40/SF
− Vacancy
−$1.9K −$0.96/SF
EGI
$32.6K $16.44/SF
− OpEx
−$9.8K −$4.93/SF
NOI
$22.8K $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%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Multifamily LT 5
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$301.2K
$263.5K – $351.4K
NOI $21,082 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$684.9K
$599.3K – $799.0K
NOI $47,941 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
540
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences have on-site and street parking, and sewer plumbing that may support an RV hookup.
Where is this duplex located?
The property is located at 706 Dike Lane Las Vegas, NV.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,982‑square‑foot duplex on a 0.17‑acre lot; Built in 1953; Updated vinyl plank flooring, stainless steel appliances, and fresh interior paint
