1312 E Saint Louis Avenue, Las Vegas, NV 89104, Las Vegas, 89104 - 0 bed, 0 bath
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Las Vegas, NV 89104
This Prime Investment Opportunity is a fully rented duplex listed at $399,000, positioned well below the $410,011 Fair Market Value by 2%. This valuation gap offers $11,011 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes modern laminate flooring and recent updates, ensuring a stabilized rental income of $3,050 monthly. This is an ideal Asset for Buy-and-Hold Investors or Owner-Occupants utilizing FHA financing to house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1312 E Saint Louis Avenue Subject | $399,000* List Price | 0 | 0 | 1,786 | $230 | - |
A 1309 EXLEY Avenue Sold | $460,000 | 0 | 0 | 1,786 | $258 | 0.1 mi |
B 1205 Phillips Avenue Pending | $475,000 List Price | 0 | 0 | 1,826 | $260 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1954, the property features recent interior updates including modern laminate flooring and fresh paint. It is well-maintained, fully functional, and move-in ready as a stabilized rental investment.
The property is fully occupied with a combined monthly rental income of $3,050 and is already under professional management, offering a stabilized investment from day one.
Eligible for FHA and conventional owner-occupied financing with as little as 3.5% to 5% down, allowing a buyer to live in one unit while the tenant's rent offsets the mortgage.
Both units in this duplex feature three bedrooms, two bathrooms, and recent updates throughout, reducing the immediate need for renovation or repair costs.
The 'drive-by only' restriction and requirement of a serious offer prior to interior showings may deter some buyers and complicates the initial inspection process.
Built in 1954, the property may possess aging infrastructure or systems typical of mid-century builds that could require higher long-term maintenance compared to newer developments.
Fully rented duplex at 1312 and 1314 E. Saint Louis offering an excellent house hacking opportunity. Each side features 3 bedrooms, 2 bathrooms, and recent updates throughout, with both units currently rented at $1500 and $1550/ month respectively and under professional property management. Live in one unit and let your tenant help cover your mortgage, or keep the property fully tenanted as a stabilized investment from day one. FHA and conventional owner-occupied financing available with as little as 3.5% to 5% down*speak to your preferred lender. Drive-by only. Interior showings will be accommodated upon receipt of a serious offer to respect the tenants' quiet enjoyment. Ask me about the portfolio sale! If you have ever wanted a deal for multiple properties now is the time!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,786 | 1,786 | 50% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $399.0K | $187.5K | 67% |
| Price per sq ft | $223 | $103 | 67% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 1701 | 17% |
May 13, 2026
$399,000
Initial Listing