3302 Thomas Avenue, North Las Vegas, NV 89030, North Las Vegas, 89030 - 0 bed, 0 bath
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North Las Vegas, NV 89030
This Strong Value Opportunity is a Residential Income Duplex listed at $370,000—positioned well below the $341,266 Fair Market Value by -8%. While the list price exceeds the current estimation, the property offers exceptional tenant stability with long-term occupants and recent capital improvements, including PEX plumbing and exterior paint. With a Condition Rating of 4, the asset requires interior modernization to maximize rental yields. This is an ideal acquisition for Buy-and-Hold Investors or landlords seeking a stable, income-producing asset in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3302 Thomas Avenue Subject | $370,000* List Price | 0 | 0 | 1,760 | $194 | - |
A 3315 TABOR Avenue Sold | $350,000 | 0 | 0 | 1,920 | $182 | 0.0 mi |
B 3315 TABOR Avenue Sold | $350,000 | 0 | 0 | 1,920 | $182 | 0.0 mi |
C 2105 Stanley Avenue Active | $364,999 List Price | 0 | 0 | 1,701 | $215 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962 (62 years old). While the plumbing was recently updated to PEX and the exterior repainted within the last 5 years, the property is significantly aged. Long-term occupancy since 1999 suggests interiors, kitchens, and bathrooms are likely dated and will require modernization and minor repairs to meet current market standards.
With one unit occupied since 1999 and related families in both units expressing a desire to stay, this property offers immediate, reliable cash flow and significantly reduced vacancy risk.
Situated just one block from the Lake Mead Business corridor, the property boasts high accessibility to public transit, medical services, shopping, and banking, making it highly attractive for renters.
The building's plumbing was recently updated to Pex and the exterior was repainted within the last five years, addressing major maintenance items and reducing near-term capital expenditure for the new owner.
Originally constructed in 1962, the property may require more frequent maintenance or future upgrades to electrical and mechanical systems not covered by recent renovations.
While local elementary schools perform well, the assigned middle and high schools have low ratings (1-3), which could limit the long-term appreciation potential and appeal to families with older children.
This Corner Lot Duplex Building consists of Two good sized 2 bedroom 1 bath units, and is situated 1 short block off the Lake Mead Business corridor in North Las Vegas. Close to public transit, medical ,schools, shopping, banking, gaming, and groceries. This duplex has a front yard with off street parking and a private rear yard. A cut above your normal duplex building. Within the last 5 years the buildings plumbing was redone in pex and was repainted.. The tenants in 3300 have been residing there since 1999, and wish to stay. And their relatives live next door at 3302 and they want to stay as well!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 0.5 mi
Grades PK-5 • 0.6 mi
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 | 1,760 | 1,920 | 33% |
| Lot Size | 5,227 | 5,880.5 | 50% |
| Price | $370.0K | $350.0K | 67% |
| Price per sq ft | $210 | $182 | 67% |
| Built year | 1962 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 2679 | 17% |
May 18, 2026
$370,000
Initial Listing