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    513 13Th St Las Vegas, NV 89101

    For Sale
    $1,500,000

    Prime location, high-yield investment.

    Property size:
    4,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class A, 4-unit apartment building, located at 513 N 13th Street in Las Vegas, Nevada (zip code 89101, APN 139-35-111-003), presents a lucrative investment opportunity. Built in 2021, this two-story property boasts a total of 4,080 square feet situated on a 0.3-acre lot. Each unit offers a desirable townhouse-style layout featuring 10-foot ceilings, open floor plans, modern finishes, and full stainless steel appliances. The kitchens include convenient kitchen islands. Dual master suites are a highlight, along with large private patios providing stunning views of the Las Vegas valley. The asking price is $1,500,000, representing a compelling price per square foot of $367.65 and an attractive 8.20% cap rate. This property is an excellent addition to any investment portfolio, offering strong potential for rental income and appreciation. The property is situated in Clark County and is easily accessible. This is a rare opportunity to acquire a newly constructed, high-quality multifamily property in a desirable Las Vegas location.

    Property Features for 513 13Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,080 SF
    Class
    A
    Lot Size
    13,068 SF

    Building Details

    Year Built
    2021
    Stories
    2
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    Clark
    State
    Nevada
    Longitude
    -115.129373
    Latitude
    36.173332

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, high-yield investment.
    Where is this multifamily property located?
    The property is located at 513 13Th St Las Vegas, NV.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    513 13Th St Las Vegas, NV 89101
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    Las Vegas, NV 89101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 13Th St Las Vegas, NV 89101
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