Highlights
• 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
Description
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.
Listing Details
- Cap Rate
5.72%
- Tenancy
Multi
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
12/11/2025
- Ownership Info
Investor
- Investment Type
Stabilized
- Net Operating Income
$31,453
- Ground Lease
No
Property Specifics
- Property Name
Strip–UNLV–Airport Duplex
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
2
- Year Built
1977
- Building Size
2,067 SF
- Lot Size
10,454 SF
- Year Renovated
2024
- APN
162-23-311-003
- Zoning
R-2
- Occupancy
100%