326 N 16th Street, Las Vegas, NV 89101, Las Vegas, 89101 - 0 bed, 0 bath
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Las Vegas, NV 89101
This Well-Maintained Triplex is a Strong Value Opportunity with a List Price of $425,000—positioned well below the $465,945 Fair Market Value by 8%. This valuation gap offers $40,945 in Instant Equity for buyers. Boasting a Condition Rating of 3, the asset features quartz countertops and updated electrical panels, significantly reducing immediate CapEx. Located near the Fremont Street Experience, the property includes a clear value-add opportunity to add a fourth studio unit. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 326 N 16th Street Subject | $425,000* List Price | 0 | 0 | 1,920 | $243 | - |
A 1905 Stewart Avenue Sold | $425,000 | 0 | 0 | 2,202 | $193 | 0.2 mi |
B 1905 Stewart Avenue Sold | $425,000 | 0 | 0 | 2,202 | $193 | 0.2 mi |
C 1610 Marlin Avenue Sold | $442,500 | 0 | 0 | 2,160 | $205 | 0.0 mi |
D 1610 Marlin Avenue Sold | $442,500 | 0 | 0 | 2,160 | $205 | 0.0 mi |
E 1809 Linden Avenue Active | $469,000 List Price | 0 | 0 | 2,008 | $234 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent interior upgrades, including quartz countertops, newer soft-close cabinetry, and durable tile flooring throughout. Critical systems such as the electrical panel, water line, water heater, and sewer pump have been recently updated. While the 1962 build date is reflected in dated elements like popcorn ceilings and wall-mounted A/C units, the overall maintenance and recent capital improvements meet the criteria for a well-maintained, functional investment property.
Situated within one mile of the Fremont Street Experience and minutes from the Las Vegas Strip, this property is ideally located for high rental demand and easy commuter access.
The property boasts significant recent upgrades including quartz countertops, newer cabinetry, updated electrical panels, and a newer water heater and sewer pump, reducing immediate CapEx requirements.
With no HOA restrictions and the specific mention of potential to add a fourth studio unit, there is a clear path to increasing the property's density and total monthly rental income.
Built in 1962, the property may still face challenges inherent to older buildings, such as original plumbing or structural elements that were not part of the recent updates.
The uniform 1-bedroom, 1-bathroom layout across all units may limit the tenant pool to individuals or couples, potentially capping the maximum achievable rent compared to multi-bedroom units.
WOW!!WHAT AN AMAZING TRIPLEX WITH NO HOA. WITHIN 1 MILE OF THE FREEMONT STREET EXPERIENCE, WELL MAINTAINED COMPLEX WITH LONG TERM TENANTS WITH PRIDE IN LIVING THERE. UPGRADED QUARTZ COUNTERTOPS, NEWER KITCHEN CABINETS WITH SOFT CLOSE DRAWERS. RECENT UPGRADED WATER LINE, WATER HEATER, SEWER PUMP WITH BASIN, NEWER ROOF REPAIRS AS WELL AS ELECTRIC PANEL/LINES. THE UNITS ARE 1 BEDROOM, 1 BATH WITH 640 SQ FEET. EACH UNIT HAS CEILING FANS, A/C AND OPEN LIVING SPACE. THERE IS A SEPARATE LAUNDRY ROOM. POSSIBILITY TO ADD ANOTHER STUDIO UNIT. DONT MISS THIS OPPORTUNITY TO OWN IN A GREAT LOCATION WITH SHOPPING, FREEMONT STREET, THE STRIP AND FREEWAY ACCESS JUST MINUTES AWAY.
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 | 1,920 | 2,160 | 18% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $425.0K | $425.0K | 50% |
| Price per sq ft | $221 | $221 | 50% |
| Built year | 1962 | 1953 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 1794 | 9% |
Feb 20, 2026
$425,000
Initial Listing