1622 Thelma Lane, Las Vegas, NV 89104, Las Vegas, 89104 - 0 bed, 0 bath
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Las Vegas, NV 89104
This Turnkey Income-Producing Duplex is listed at $485,000, with a $388,876 Fair Market Value. While the valuation reflects historical data, the property is competitively priced against local active inventory and maintains a Good Condition Rating following extensive refreshes. The interior showcases modern tile flooring, updated vanities, and a private patio on an oversized lot. Located moments from the vibrant Arts District, the property ensures high rental demand and urban convenience. This is a strategic acquisition for Owner-Occupants seeking a "house hack" or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1622 Thelma Lane Subject | $485,000* List Price | 0 | 0 | 1,431 | $272 | - |
A 1309 EXLEY Avenue Sold | $460,000 | 0 | 0 | 1,786 | $258 | 0.8 mi |
B 1312 E Saint Louis Avenue Active | $599,000 List Price | 0 | 0 | 1,786 | $335 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1950s duplex has been significantly refreshed and is in move-in ready, turnkey condition. The bathrooms feature modern updates including contemporary wood-look and marble-look tile, updated vanities, and new fixtures. The interior shows updated flooring and the installation of smart home technology like an Ecobee thermostat. While the property has undergone extensive cosmetic renovations recently, the 1950s structure and older window styles prevent an 'excellent' rating, placing it firmly in the 'good' category.
As a turnkey duplex, this property offers immediate rental income or a 'house hacking' opportunity for an owner-occupant to live in one unit while the other offsets the mortgage.
Situated moments from the Arts District and Downtown Las Vegas, the property is positioned in a high-demand area known for its vibrant culture, dining, and proximity to major employment hubs.
The property has been beautifully refreshed and is sold in turnkey condition, reducing the need for immediate capital expenditures or renovations for new investors.
Originally built in 1950, the property may have aging underlying systems that require more frequent maintenance compared to modern builds, despite recent cosmetic updates.
With only 1,431 total square feet divided between two units, the individual floor plans are relatively small, which may limit appeal for tenants or owners requiring more spacious interiors.
Beautifully refreshed duplex in the heart of Las Vegas, just moments from the vibrant Arts District and Downtown. This income-producing property offers two turnkey units—one featuring 2 bedrooms and the other 1 bedroom—each with a spacious living area, full kitchen, and bathroom. Both units include a welcoming front porch and enjoy a quiet, private setting on an oversized lot. Ideal for an owner-occupant or investor, this property allows you to live in one unit while generating rental income from the other. With strong demand in the rapidly growing Las Vegas market, this duplex is a smart, ready-to-go addition to any investment portfolio.
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 | 1,431 | 1,786 | 33% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $485.0K | $187.5K | 83% |
| Price per sq ft | $339 | $103 | 83% |
| Built year | 1950 | 1954 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 1656 | 17% |
Feb 23, 2026
$485,000
Initial Listing