
Las Vegas, NV 89106
This triplex presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned slightly above the $407,183 Fair Market Value. While requiring a Condition Rating of 5, the property offers significant value-add potential through a complete renovation. With no HOA fees and a projected gross income of $4,500 per month, this asset is designed for a "house-hacking" strategy. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to maximize rental yield in a high-demand multi-family segment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 Cunningham Drive Subject | $349,000* List Price | 0 | 0 | 2,095 | $169 | - |
A 210/208 Paul Avenue Active | $319,888 List Price | 0 | 0 | 1,833 | $175 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957 (67 years old), this property is explicitly marketed as needing a 'complete renovation.' The age and description suggest original or non-functional systems, kitchens, and baths, requiring a full rehab to address safety and structural integrity for multi-family use.
As a triplex with a projected rent of up to $1,500 per unit, this property offers a strong gross potential income of $4,500 per month once renovated.
The multi-unit configuration allows for a 'house-hacking' strategy where an owner can live in one unit while the other two units subsidize the mortgage.
With an association fee of $0, investors can maximize their cash flow by avoiding the monthly overhead and restrictive regulations often found in Las Vegas communities.
The property is marketed as a 'complete renovation' project, requiring substantial upfront capital and time before it can become income-producing.
Built in 1957, the property likely features outdated electrical, plumbing, and structural components that may necessitate costly updates beyond cosmetic repairs.
Investors dream! Gated with block fence for added privacy and security. Newer Roof, Concrete front and side landscaping and Buyer's interior renovation will show case buyer's creative ideas and make this a cozy home for 3 families to rent. Perfect for owner occupant to live in one and rent the other 2 units out.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades PK-5 • 0.7 mi
Grades PK-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,095 | - |
| Lot Size | 6,970 | - |
| Price | $349.0K | $258.8K |
| Price per sq ft | $167 | $124 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 1298 |
Jul 2, 2026
$349,000
$379,000
-8% Price Drop
Initial Listing
Jul 1, 2026
$379,000
$425,000
-11% Price Drop
Initial Listing
Jun 24, 2026
$425,000
Initial Listing
Oct 12, 1994
$51,000
Public Record