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Las Vegas Strip–UNLV–Airport Duplex 1569 Hialeah Dr 2 Unit Apartment Building $550,000 ($275,000/Unit) 6.19% Cap Rate Las Vegas, NV 89119
INVESTMENT HIGHLIGHTS
- Immediate Cash Flow – Fully leased with an actual 6% CAP rate
- Turnkey Condition – Well-maintained interiors and systems; no deferred maintenance
- Desirable Features – Fireplaces, courtyards, and full appliance packages in each unit
- Spacious Living – Two large 2-bed/2-bath units with private garages and outdoor space
- Low-Hassle Asset – Xeriscaped yards for minimal upkeep
- Growth Potential – Significant upside from surrounding redevelopment activity
EXECUTIVE SUMMARY
Prime Duplex Near UNLV, South Strip and Harry Reid Airport
Offered at $550,000
Unlock a rare off-market investment opportunity just minutes from the University of Nevada, Las Vegas (UNLV). Situated on a generous ¼-acre lot, this fully occupied duplex offers both immediate cash flow and long-term upside in one of Las Vegas’s fastest-transforming submarkets.
Built in 1977 and totaling 2,067 SF, the property features two spacious 2-bedroom, 2-bathroom units, each with a private garage, fireplace, full appliance package, and a private courtyard—providing comfort, privacy, and functionality that attract quality tenants.
Property Highlights:
• Turnkey Condition – Well-maintained with no immediate repair needs
• Low-Maintenance Landscaping – Professionally xeriscaped yards for cost efficiency and curb appeal
• Attached Garages + Private Outdoor Spaces – Tenant-favored amenities that reduce turnover
• Stable In-Place Income – Fully leased with reliable tenants
• Built-In Appreciation Potential – Proximity to transformative redevelopment initiatives
Strategic Location Benefits:
• Minutes from Las Vegas Strip, Harry Reid International Airport, and Sunrise Hospital
• Walking distance to UNLV, the UNLV Tech Park, Midtown UNLV, and Maryland Parkway revitalization
• Located amid billions in public and private investment driving new student housing, retail, mixed-use projects, and enhanced transit infrastructure
• Strong demand from students, healthcare workers, airport employees, and professionals
Offered at $550,000
Unlock a rare off-market investment opportunity just minutes from the University of Nevada, Las Vegas (UNLV). Situated on a generous ¼-acre lot, this fully occupied duplex offers both immediate cash flow and long-term upside in one of Las Vegas’s fastest-transforming submarkets.
Built in 1977 and totaling 2,067 SF, the property features two spacious 2-bedroom, 2-bathroom units, each with a private garage, fireplace, full appliance package, and a private courtyard—providing comfort, privacy, and functionality that attract quality tenants.
Property Highlights:
• Turnkey Condition – Well-maintained with no immediate repair needs
• Low-Maintenance Landscaping – Professionally xeriscaped yards for cost efficiency and curb appeal
• Attached Garages + Private Outdoor Spaces – Tenant-favored amenities that reduce turnover
• Stable In-Place Income – Fully leased with reliable tenants
• Built-In Appreciation Potential – Proximity to transformative redevelopment initiatives
Strategic Location Benefits:
• Minutes from Las Vegas Strip, Harry Reid International Airport, and Sunrise Hospital
• Walking distance to UNLV, the UNLV Tech Park, Midtown UNLV, and Maryland Parkway revitalization
• Located amid billions in public and private investment driving new student housing, retail, mixed-use projects, and enhanced transit infrastructure
• Strong demand from students, healthcare workers, airport employees, and professionals
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Patio
SITE AMENITIES
- Private Bathroom
- Walk To Campus
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $1,750 | 1,034 |
1 1
CONTACTS
-
Catherine Hyde -
Jillian Hyde -
Jeremy Hyde -
Hyde Real Estate Group at Simply Vegas
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Las Vegas Strip–UNLV–Airport Duplex | 1569 Hialeah Dr
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