$635,000
SOLD OCT 30, 2023

1656 Stevens St Las Vegas, NV 89115

-- Bed
-- Bath
3,196 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$199 Per Sq Ft

9% Below List Price

34 Days on Market

Highlights

  • No HOA
  • Storage
  • Central Heating and Cooling System
  • Laundry Room
  • Tile Flooring
  • Property is in very good condition

About This Home

As of October 2023

1656 Stevens St fourplex has an attractive in place cap rate of 7.05%. 1664 Stevens St fourplex next door listed and owned by the same owner can also be acquired. All units are 2-bed/1-bath floor plans that are 799 square feet each. In addition to the 4 apartment units, there are 4 storage rooms, an onsite laundry room, a courtyard, and 5 parking spaces. The owner has recently installed new roofs, painted the exterior with new two tone paint, and has semi-renovated the interiors of all units. The owner currently has a professional property management company managing the property, and current management will continue managing the property for the new buyer, if desired.

Last Agent to Sell the Property

Blake Leavitt

Keller Williams MarketPlace Brokerage Phone: (702) 809-8387 License #BS.0145665 Listed on: 09/25/2023

Keller Williams MarketPlace

Last Buyer's Agent

Amber Whalen

Wardley Real Estate License #S.0198925

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,259

Year Built

  • Built in 1983

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,196 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • Tile Flooring

Kitchen

  • Oven
  • Range

Parking

  • 5 Parking Spaces
  • Paved Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Melchionne Park Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,259

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • CapRate: 7.05
  • Subdivision Name: Melchionne Park
  • Directions: From Owens and Pecos, go East on Owens, L on Stevens, property is on the Right.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Attribution Contact: (702) 809-8387
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Tile
  • Interior Amenities: Storage
  • Living Area: 3196.0

Exterior Features

  • Construction Type: Wood Frame
  • Property Condition: Resale, Very Good Condition
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Paved
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Storage
  • Association: No

Schools

Lot Info

  • Lot Size Sq Ft: 9148.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1259.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Oct 27, 2023
Sold by
Concepcion Robert and Concepcion Luana
Bought by
Islander Real Estate Investments Llc
Seller's Agent
Blake Leavitt
Keller Williams MarketPlace
Buyer's Agent
Amber Whalen
Wardley Real Estate
List Price
$699,999
Sold Price
$635,000
Premium/Discount to List
-$64,999
-9.29%
Views
5
Current Estimated Value
$654,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,632
Avg. Annual Appreciation
1.55%
Original Mortgage
$468,750
Outstanding Balance
$462,136
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$190,266

Purchase Details

Listed on
Sep 25, 2023
Closed on
Oct 24, 2023
Sold by
Rns Capital I Llc
Bought by
Concepcion Robert and Concepcion Luana
Seller's Agent
Blake Leavitt
Keller Williams MarketPlace
Buyer's Agent
Amber Whalen
Wardley Real Estate
List Price
$699,999
Sold Price
$635,000
Premium/Discount to List
-$64,999
-9.29%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Outstanding Balance
$462,136
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$190,266

Purchase Details

Listed on
Sep 25, 2021
Closed on
Nov 5, 2021
Sold by
Haro Saul
Bought by
Russo Peter Konstantino and Sandhu Dhillon Singh
Seller's Agent
Carmen Abraham
Barrett & Co, Inc
Buyer's Agent
Byron Kacheris
eXp Realty
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.08%
Original Mortgage
$345,000
Interest Rate
3.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- Security 1St Title
Bargain Sale Deed $635,000 Security 1St Title
Bargain Sale Deed -- Security 1St Title
Bargain Sale Deed $460,000 Lawyers Title Las Vegas
Interfamily Deed Transfer -- Lawyers Title Las Vegas
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,750 New Conventional
Previous Owner $345,000 New Conventional
Previous Owner $123,200 Unknown
Previous Owner $11,147 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $635,000 -9.3% $199 / Sq Ft
09/25/2023 09/25/23 For Sale $699,999 +52.2% $219 / Sq Ft
11/22/2021 11/22/21 Sold $460,000 +2.2% $144 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $450,000 -- $141 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax 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 $1,381 $89,828 $43,750 $46,078
2024 $1,259 $89,828 $43,750 $46,078
2023 $838 $86,697 $43,050 $43,647
2022 $1,166 $77,085 $35,000 $42,085
2021 $1,080 $70,273 $29,750 $40,523
2020 $1,000 $68,839 $27,650 $41,189
2019 $937 $65,132 $23,800 $41,332
2018 $894 $55,730 $15,400 $40,330
2017 $1,608 $54,828 $14,000 $40,828
2016 $838 $43,245 $10,500 $32,745
2015 $938 $39,076 $7,000 $32,076
2014 $912 $48,907 $7,000 $41,907
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Blake Leavitt

    Keller Williams MarketPlace

    11 in this area

    31 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Amber Whalen

    Wardley Real Estate

    (702) 569-5840

    2 in this area

    5 Total Sales

    Section Image

  • C

    Seller's Agent in 2021

    Carmen Abraham

    Barrett & Co, Inc

    (702) 982-9423

    21 in this area

    91 Total Sales

    Section Image

  • B

    Buyer's Agent in 2021

    Byron Kacheris

    eXp Realty

    (702) 917-2827

    4 in this area

    8 Total Sales

    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2529983

Las Vegas REALTORS®

APN: 140-19-411-005

Nevada Clark County Las Vegas 89115

1656 Stevens St, Las Vegas, NV

This home is located at 1656 Stevens St, Las Vegas, NV 89115 and is currently priced at $635,000, approximately $198 per square foot. This property was built in 1983. 1656 Stevens St is a home located in Clark County with nearby schools including Manuel J. Cortez Elementary School, Mario C. & Joanne Monaco Middle School, and Desert Pines High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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