Strip–UNLV–Airport Duplex
Fully occupied duplex in Las Vegas offering a 5.72% cap rate ($31,453 NOI) on a $550,000 asking price. Located at 1569 Hialeah Drive near UNLV, the 2,067 SF property comprises two spacious 2-bed, 2-bath units, each with a private garage, fireplace, full appliance package, and private courtyard. Built in 1977 and renovated in 2024, the duplex sits on a quarter-acre lot with low-maintenance xeriscaped yards and is positioned for immediate, turnkey income.
The location captures strong rental demand from students, healthcare workers, and airport professionals, with proximity to the Las Vegas Strip, Harry Reid International Airport, and Sunrise Hospital just minutes away. The surrounding area is undergoing major transformation, anchored by UNLV Tech Park and Midtown UNLV redevelopment along the Maryland Parkway corridor, supported by substantial public and private investment in student housing, mixed-use projects, retail, and transit upgrades. The R-2 zoned parcel offers long-term appreciation potential as the neighborhood continues to evolve.
- Fully occupied with 100% occupancy
- Recently renovated in 2024; turnkey condition
- Two independent units with private garages and courtyards
- Prime location near UNLV, airport, and booming Midtown redevelopment
- Stabilized cash flow in high-demand rental market
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Features & amenities
Location
This fully occupied duplex at 1569 & 1571 Hialeah Drive presents a strong investment opportunity near UNLV, offering an actual 6% CAP rate and immediate income. Situated on a quarter-acre lot, the 2,067-square-foot property includes two spacious 2-bed, 2-bath units, each with a private garage, fireplace, full appliance package, and its own courtyard, along with low-maintenance xeriscaped yards. Built in 1977, the duplex combines reliable cash flow with long-term growth potential, supported by its prime location just minutes from the Las Vegas Strip, Harry Reid International Airport, and Sunrise Hospital. The area is undergoing major transformation, with substantial public and private investment fueling new student housing, mixed-use projects, retail development, and transit upgrades surrounding the UNLV Tech Park, Midtown UNLV, and the Maryland Parkway corridor.
- Prime location near booming redevelopment zones
- Excellent rental demand from students, healthcare workers, and airport professionals
- Turnkey condition—no immediate repairs needed
- Positioned for strong appreciation as Midtown UNLV and Maryland Parkway continue to transform