706 Dike Lane, Las Vegas, NV 89106, Las Vegas, 89106 - 0 bed, 0 bath
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Las Vegas, NV 89106
This Turnkey Income-Producing Duplex is listed at $480,000, representing a stable asset acquisition near its $454,231 Fair Market Value. The property maintains a Good Condition Rating due to extensive infrastructure upgrades, including newer plumbing, sewer lines, and soundproof insulation. With no HOA and an active month-to-month tenant, it offers immediate cash flow and "house hacking" potential. Located minutes from Downtown Las Vegas and the Strip, and just one block from the 8/10 rated Mabel Hoggard Elementary, this property is a strategic choice for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
Although originally built in 1953, this duplex is move-in ready due to extensive recent renovations. The interior features modern vinyl plank flooring, updated kitchens with stainless steel appliances and stone countertops, and refreshed bathrooms with contemporary tiling. Significant infrastructure updates, including newer plumbing, sewer lines, and fire/soundproof insulation, further support a 'good' rating despite the property's age.
This duplex offers exceptional flexibility with no HOA, an existing month-to-month tenant for immediate cash flow, and a downstairs primary suite with a private entrance suitable for a studio conversion.
The property has undergone significant capital improvements, including newer plumbing, upgraded sewer lines, fire and soundproof insulation, and modern interior finishes, reducing immediate maintenance concerns.
Ideally situated near Downtown Las Vegas, the Strip, and major freeway access, the property is also positioned near the upcoming Hilo Park redevelopment, promising strong future demand.
Built in 1953, the property may possess structural or electrical characteristics typical of its era that could require ongoing attention despite recent cosmetic and plumbing updates.
The majority of assigned public schools for this address carry low ratings (2-3/10), which may limit the property's appeal to long-term family tenants and impact resale value.
Great investor opportunity with strong rental income potential and NO HOA! Live in one unit while the other is currently rented month to month. This extensively upgraded duplex sits on a large lot with room to grow. Updates include newer plumbing throughout, upgraded sewer plumbing, fire and soundproof insulation under new upstairs subfloors, vinyl plank flooring, stainless steel appliances, and exterior paint done a few years ago. Both units were freshly painted within the last 3 years and the 2 bedroom coming with washer/dryer. The property offers ample on-site and street parking, plus sewer plumbing installed for a potential RV hook-up. The downstairs primary bedroom has a private entrance and could be used or converted into an attached studio. Centrally located near Downtown Las Vegas, the Strip, convention centers, and just one block from freeway access. Nearby is the proposed Hilo Park project at the former Texas Station Casino site.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 0.9 mi
Grades PK-5 • 1.1 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 | 1,982 | 1,646 | 83% |
| Lot Size | 7,405 | 6,970 | 83% |
| Price | $480.0K | $300.0K | 83% |
| Price per sq ft | $242 | $177 | 50% |
| Built year | 1953 | 1954 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 111 | 1004 | 17% |
Jan 1, 2026
$480,000
Initial Listing