2132 Houston Drive, Las Vegas, NV 89104, Las Vegas, 89104 - 0 bed, 0 bath
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Las Vegas, NV 89104
This Value-Add Triplex represents a strategic acquisition with a List Price of $700,000—positioned below the $708,035 Fair Market Value by 1%. This entry point provides $8,035 in Instant Equity, with substantial upside potential through forced appreciation. Currently holding a Condition Rating of 5, the asset requires a comprehensive rehabilitation of its three 1-bedroom units to rectify severe neglect and boarded-up openings. Situated on a generous 8,276-square-foot lot in the high-demand 89104 zip code, this property is an ideal project for Fix-and-Flip Investors or Buy-and-Hold Investors looking to capitalize on the downtown Las Vegas rental market.
Property is extensive renovation needed.
The property, built in 1954, appears to be in a state of severe neglect with boarded-up windows, overgrown weeds, and a dilapidated exterior. The presence of plywood over all openings suggests the units are currently uninhabitable and require substantial rehabilitation, including likely replacements of all major systems, kitchens, and bathrooms.
As a triplex featuring three separate 1-bedroom units, this property provides a diversified rental income stream, making it a strong acquisition for investors seeking residential income.
The property boasts a generous 8,276-square-foot lot with ample parking available, a significant advantage for multi-family housing that improves tenant convenience and property utility.
Located in the 89104 zip code, the property is positioned in a high-demand rental area with easy access to downtown Las Vegas, major transit routes, and local employment centers.
With an original build date of 1954, the property may necessitate higher maintenance costs or immediate capital improvements to modernize older mechanical and structural systems.
The uniform 1-bedroom, 1-bathroom configuration across all three units limits the potential tenant pool to individuals or couples, excluding larger households that require more space.
GREAT INVESTMENT OPPORTUNITY! THIS MULTI-UNIT PROPERTY FEATURES 3 UNITS, ALL OFFERING 1 BEDROOM & 1 BATH. AMPLE PARKING AVAILABLE.
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 | 2,167 | 1,806 | 67% |
| Lot Size | 8,276 | 6,970 | 83% |
| Price | $700.0K | $187.5K | 83% |
| Price per sq ft | $323 | $103 | 83% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 1656 | 17% |
Feb 3, 2026
$700,000
Initial Listing