1518 Linden Avenue, Las Vegas, NV 89101, Las Vegas, 89101 - bed, bath
1518 Linden Avenue
Las Vegas, NV 89101
Property Price
SUMMARY
Analysis of 1518 Linden Avenue, Las Vegas, NV 89101 is currently available with a list price of $599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1954, this triplex is functional and currently occupied, but it shows clear signs of age with dated finishes. The kitchen features older cabinetry and appliances, and the property utilizes window AC units rather than a modern central HVAC system. While the flooring and paint appear maintained, the overall style, light fixtures, and bathroom components are outdated and have not undergone a comprehensive renovation in recent years, fitting the criteria for fair condition.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
The property is 100% occupied across all three units, providing an immediate and steady stream of rental income for investors from the date of purchase.
- Diverse Unit Mix
Featuring a spacious 4-bedroom main house and two studio units, the property caters to a wide range of tenant needs, reducing vacancy risk through diversification.
- Zero HOA Expenses
With no association fees, owners can retain a higher percentage of the gross rental income, significantly improving the property's net operating income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1926, other record living area = 1366.
- Vintage Construction
Originally built in 1954, the property may necessitate more frequent maintenance or significant capital improvements to aging systems compared to newer builds.
- Compressed Rental Yield
The current total monthly rent of $2,800 relative to the $599,000 asking price suggests a lower-than-average cap rate for the area, potentially requiring rent adjustments to optimize ROI.
About 1518 Linden Avenue
This is a triplex with 100% occupancy for sale. Main house is 4bed/ 2 bath rented at $1700/ month, a studio rented at $600/ month and the other studio rented at $500/ month.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1954
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,926 | 2,024.5 | 50% |
| Lot Size | 6,534 | 6,534 | 50% |
| Price | $599.0K | $436.2K | 95% |
| Price per sq ft | $311 | $205 | 77% |
| Built year | 1954 | 1953 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 1056 | 5% |
Pricing History
Listed for Sale
Feb 10, 2026
$599,000
Initial Listing