Welcome to 1205 & 1207 Phillips Avenue, a recently updated duplex offering immediate rental income and peace of mind. Minutes from the Las Vegas Strip! Both units are tenant-occupied with current year lease terms, making this a perfect turnkey investment opportunity. Enjoy over $40,000 in recent renovations, including new flooring, new windows and blinds, water heater, a brand-new roof, and a new HVAC system. Whether you’re looking to expand your investment portfolio or secure a strong-performing asset, this well-maintained property is ready to deliver! Please do not disturb tenants.
Engel & Volkers Las VegasBrokerage Phone: 702-899-5015License #S.0191927Listed on: 07/10/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$1,032
Year Built
Built in 1954
Lot Details
7,405 Sq Ft Lot
Property is in good condition
Parking
Covered Parking
Home Design
Duplex
Shingle Roof
Tile Roof
Composition Roof
Stucco
Interior Spaces
1,826 Sq Ft Home
1-Story Property
Storage
Flooring
Tile
Luxury Vinyl Plank Tile
Laundry
Dryer
Washer
Utilities
Central Heating and Cooling System
Heating System Uses Gas
Community Details
Overview
No Home Owners Association
2 Units
Francisco Park Subdivision
Building Details
Professional Management Expense $1,581
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$1,032
Year Built
Built in 1954
Lot Details
0
Listing Details
Property Sub Type: Duplex
Prop. Type: Residential
Lot Size Acres: 0.17
CapRate: 7.57
Professional Management Expense: 1581.0
Subdivision Name: Francisco Park
Directions: From Maryland Pkwy and Sahara, North on Maryland Pkwy and East on Phillips.
Architectural Style: Duplex
Unit Levels: One
Building Stories: 1
Structure Type: Duplex
Year Built Details: RESALE
Year Built: 1954
Property Sub Type Additional: Duplex
Attribution Contact: 702-899-5015
Special Features: VirtualTour
Stories: 1
Year Built: 1954
Interior Features
Furnished: Unfurnished
Number Of Buildings: 1
Appliances: Dryer, Refrigerator, Washer
Flooring: Luxury Vinyl Plank, Tile
Interior Amenities: None, Storage
Living Area: 1826.0
Exterior Features
Construction Type: Block, Stucco
Property Condition: Good Condition, Resale
Roof: Composition, Shingle, Tile
Garage/Parking
Parking Features: Covered
Utilities
Laundry Features: Washer Hookup, Dryer Hookup
Cooling: Central Air
Cooling Y N: Yes
Heating: Central, Gas
Heating Yn: Yes
Electric: Photovoltaics None
Sewer: Public Sewer
Water Source: Public
Condo/Co-op/Association
Amenities: None
Association: No
Schools
Lot Info
Lot Size Sq Ft: 7405.0
Additional Parcels Description: ---
Rental Info
Tenant Pays: Electricity, Gas
Lease Term Options: 12 Months
Multi Family
Number Of Units Total: 2
Annual Gross Income: 41654.0
Annual Operating Expense: 3053.0
Tax Info
Tax Annual Amount: 1032.0
Map
Range of Values:
--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2025
$1,032
$56,454
$34,265
$22,189
2024
$956
$56,454
$34,265
$22,189
2023
$956
$53,535
$34,300
$19,235
2022
$885
$38,243
$20,405
$17,838
2021
$820
$32,435
$18,480
$13,955
2020
$758
$32,760
$18,480
$14,280
2019
$711
$30,289
$16,450
$13,839
2018
$678
$25,193
$12,320
$12,873
2017
$793
$24,201
$11,550
$12,651
2016
$964
$19,314
$7,000
$12,314
2015
$633
$18,898
$7,000
$11,898
2014
$620
$20,027
$7,000
$13,027
Source: Public Records
Property History
Date
Event
Price
List to Sale
Price per Sq Ft
Prior Sale
10/15/202510/15/25
Price Changed
$475,000
-5.0%
$260 / Sq Ft
07/25/202507/25/25
Price Changed
$500,000
-2.0%
$274 / Sq Ft
07/10/202507/10/25
For Sale
$510,000
0.0%
$279 / Sq Ft
01/09/202301/09/23
Rented
$1,450
0.0%
--
12/01/202212/01/22
Price Changed
$1,450
-9.4%
$2 / Sq Ft
11/07/202211/07/22
For Rent
$1,600
0.0%
--
11/07/202211/07/22
Off Market
$1,600
--
--
11/02/202211/02/22
For Rent
$1,600
0.0%
--
09/16/202209/16/22
Sold
$380,000
-5.0%
$208 / Sq Ft
View Prior Sale
08/17/202208/17/22
Pending
--
--
--
03/29/202203/29/22
For Sale
$400,000
+365.1%
$219 / Sq Ft
06/07/201306/07/13
Sold
$86,000
-3.4%
$47 / Sq Ft
View Prior Sale
05/08/201305/08/13
Pending
--
--
--
04/24/201304/24/13
For Sale
$89,000
--
$49 / Sq Ft
Source: Las Vegas REALTORS®
Purchase History
Date
Type
Sale Price
Title Company
Bargain Sale Deed
$380,000
Fidelity National Title
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes
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