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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
Property Taxes
| Parcel Number | 162-23-311-003 | Total Assessment | $67,776 (2026) |
| Land Assessment | $38,500 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $29,276 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
162-23-311-003
Land Assessment
$38,500 (2026)
Improvements Assessment
$29,276 (2026)
Total Assessment
$67,776 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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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