1518 Linden Avenue, Las Vegas, NV 89101, Las Vegas, 89101 - 0 bed, 0 bath
Loading property details...
Las Vegas, NV 89101
This Residential Income Triplex serves as a functional cash-flow asset with a List Price of $599,000 and a $461,157 Fair Market Value. The property offers income stability through Immediate Cash Flow and 100% Occupancy, generating $2,800 in total monthly revenue. Holding a Condition Rating of 4, the 1,926 sqft layout consists of a 4-bedroom main house and two studio units, all benefiting from a Private Patio and No HOA Fees. This turnkey multi-family setup is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1518 Linden Avenue Subject | $599,000* List Price | 0 | 0 | 1,926 | $239 | - |
A 370 N 13th Street Sold | $585,000 | 0 | 0 | 2,160 | $271 | 0.2 mi |
B 532 N 9th Street Sold | $549,999 List Price | 0 | 0 | 1,536 | 0.4 mi | |
C 326 N 16th Street Active | $425,000 List Price | 0 | 0 | 1,920 | $221 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this triplex is in functional condition but shows significant signs of age. While the interior photos indicate some updates such as newer tile flooring and fresh paint, the property retains its original cinder block construction and basic fixtures. It is well-maintained enough to be 100% occupied, but the infrastructure and overall style are outdated, fitting the 'fair' criteria for a property over 20 years old with only occasional updates.
The property is 100% occupied with a total monthly rental income of $2,800, providing an investor with immediate revenue and no initial vacancy loss.
The combination of a large 4-bedroom main house and two studio units caters to different tenant demographics, reducing the risk of total income loss.
The absence of a homeowners association eliminates monthly dues and restrictive covenants, maximizing the net operating income and owner flexibility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1926, other record living area = 1366.
Based on the $599,000 asking price and $33,600 annual gross income, the property offers a relatively low gross yield that may not meet the criteria for high-return investors.
Built in 1954, the property likely requires higher maintenance reserves and potential capital expenditures for aging electrical, plumbing, and structural systems.
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.
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 | 1,926 | 2,160 | 18% |
| Lot Size | 6,534 | 6,098 | 91% |
| Price | $599.0K | $585.0K | 91% |
| Price per sq ft | $311 | $271 | 91% |
| Built year | 1954 | 1953 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 1794 | 9% |
Feb 10, 2026
$599,000
Initial Listing