326 N 16th Street, Las Vegas, NV 89101, Las Vegas, 89101 - bed, bath
326 N 16th Street
Las Vegas, NV 89101
Property Price
SUMMARY
Analysis of 326 N 16th Street, Las Vegas, NV 89101 is currently available with a list price of $425,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is a well-maintained 1962 triplex that has undergone significant recent renovations. Key updates include modern kitchens with quartz countertops and soft-close cabinetry, along with essential system upgrades such as a newer electrical panel, water heater, and sewer pump. While the building is older, the extensive capital improvements and move-in ready condition of the units align with the 'good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated within one mile of the Fremont Street Experience and minutes from the Las Vegas Strip, this property offers exceptional proximity to major entertainment hubs and freeway access, ensuring high rental demand.
- Extensive Capital Improvements
The property boasts significant recent upgrades, including quartz countertops, newer cabinetry, a newer roof, and updated electrical and plumbing systems, significantly reducing immediate CapEx requirements for a new owner.
- Value-Add Potential
With no HOA restrictions and the specific mention of space to potentially add a fourth studio unit, there is a clear opportunity to increase density and maximize the property's gross rental income.
CONSRISKS & DEFICIENCIES
- Aging Structure
Built in 1962, the property may still face challenges associated with older construction that go beyond the recent cosmetic and mechanical updates, requiring diligent long-term maintenance.
- Limited Unit Diversity
The complex consists exclusively of small 1-bedroom, 1-bathroom units, which limits the tenant pool to individuals or couples and may result in higher turnover compared to multi-bedroom family units.
About 326 N 16th Street
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1962
- Lot Size
- 6,098 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 | 1,920 | 2,021.5 | 50% |
| Lot Size | 6,098 | 6,316 | 50% |
| Price | $425.0K | $427.5K | 50% |
| Price per sq ft | $221 | $205 | 55% |
| Built year | 1962 | 1953 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 1056 | 5% |
Pricing History
Listed for Sale
Feb 20, 2026
$425,000
Initial Listing