Investor opportunity in a centrally located Las Vegas property offering immediate cash flow and long-term tenant stability. Priced at $315,000, this 936 sq ft home is currently leased at $1,700/month with a reliable long-term tenant in place, providing a strong foundation of consistent income and reduced vacancy risk. At current numbers, the property delivers an approximate 6.5% gross cap rate, making it an attractive option for investors seeking a stabilized, income-producing asset in a high-demand rental market. With no HOA and low-maintenance desert landscaping, operational overhead is kept minimal, supporting stronger net returns and easier management. The home features efficient use of space with 3 bedrooms, along with a spacious backyard and RV parking potential-additional value-add flexibility for future tenant demand or rental optimization. Its central location offers quick access to major freeways, Downtown Las Vegas, the Las Vegas Strip, and a wide range of shopping, dining, and everyday amenities, ensuring continued tenant appeal and strong rental retention. Whether you're looking to expand your portfolio with a stabilized asset or position for long-term appreciation in a prime rental corridor, this property offers a compelling blend of cash flow, location, and upside potential.
| MLS # | 2768639 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 149 |
| Listing Provided By | Keller Williams MarketPlace | Israel Sanchez-Bahena |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 936 |
| Story(s) | 1 |
| Zoning | Single Family |
| Acreage | 0.14 |
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Bedroom On Main Level, Primary Downstairs, Window Treatments |
| Window Features | Blinds |
| Furnished | Unfurnished |
| Appliances | Electric Range |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Exterior Features | Patio, Private Yard |
|---|---|
| Roof | Composition, Shingle |
| Lot Features | Desert Landscaping, Landscaped, Less Than Quarter Acre |
| Fencing | Block, Back Yard, Wood |
| Parking Features | Guest |
|---|---|
| Garage Yes / No | No |
| Utilities | Electricity Available, Underground Utilities |
|---|---|
| Electric | Photovoltaics None |
| Sewer | Public Sewer |
| Senior Community Yes / No | No |
|---|
| List Aor | Greater Las Vegas Association Of Realtors Inc |
|---|
| Property | 670 |
|---|
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89101 |
| Community Name | Washington Add |
| Listing VS Median (in Washington Add) | |
Price: $315,000 low | high Med: $315,000 sqft: 936 low | high Med: 936 $ / sqft: $337 low | high Med: $337 On site: 149 low | high Med: 149 | |
| State | NV |
|---|---|
| County | Clark |
| City | Las Vegas |
| Zip Code | 89101 |
| Community Name | Washington Add |
| Listing VS Median (in Washington Add) | |
Price: $315,000 low | high Med: $315,000 sqft: 936 low | high Med: 936 $ / sqft: $337 low | high Med: $337 On site: 149 low | high Med: 149 | |