NOT LISTED FOR SALE

397 N 15th St Las Vegas, NV 89101

Downtown Las Vegas Neighborhood

Estimated Value: $414,000 - $567,000

7 Beds
6 Baths
4,374 Sq Ft
$115/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $400,000 $91 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,934/month

62 Days on Market

Highlights

  • 0.3 Acre Lot
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of February 2021

WOW! Biggest lot and building square footage in the area. This property has too much potential it is 100% occupied with long term tenants all rents are under market value for the area and have plenty of room to be increased. This property boasts one 2 bedroom 2 bath unit that can be easily made back into a 3 bedroom unit, two 1 bedroom 1 bath units and two studio units. Don't miss out on this INVESTORS DREAM priced at $91 per square foot it is a BARGAIN VALUE in comparison to the much smaller properties selling in the area.

Last Listed By

Jonathan Maldonado

Win Win Real Estate License #S.0181318 Listed on: 11/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,055

Year Built

  • Built in 1945

Lot Details

  • 0.3 Acre Lot
  • Property is in average condition

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,374 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System

Community Details

  • 3 Buildings
  • 4 Units
  • Fourteenth Street City Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,055

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.3
  • Subdivision Name: Fourteenth Street City Add
  • Directions: Traveling south on the 95 freeway towards Henderson exit on Bonanza Rd. heading East on Bonanza make a right on N 15th street property on corner of 15th and Mesquite ave
  • Architectural Style: Triplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: RESALE
  • Year Built: 1945
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1945

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 3
  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Tile
  • Interior Amenities: None
  • Living Area: 4374.0

Exterior Features

  • Construction Type: Stucco
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: None

Schools

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 27840.0

Tax Info

  • Tax Annual Amount: 1055.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
Feb 23, 2021
Sold by
M & R Limited Partnership
Bought by
Rich Russ Holdings Llc
Seller's Agent
Jonathan Maldonado
Win Win Real Estate
Buyer's Agent
Sean Marshall
Innovative Real Estate Strateg
List Price
$400,000
Sold Price
$400,000
Total Days on Market
62
Current Estimated Value
$503,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,834
Avg. Annual Appreciation
4.00%
Original Mortgage
$240,000
Outstanding Balance
$217,573
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$254,530

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Rich Russ Holdings Llc $400,000 Wfg National Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rich Russ Holdings Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $400,000 0.0% $91 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
11/25/2020 11/25/20 For Sale $400,000 -- $91 / 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 $1,530 $75,575 $29,750 $45,825
2024 $1,417 $75,575 $29,750 $45,825
2023 $1,417 $66,675 $26,250 $40,425
2022 $1,312 $56,181 $19,250 $36,931
2021 $1,215 $50,587 $19,250 $31,337
2020 $1,126 $50,652 $19,250 $31,402
2019 $1,055 $50,222 $19,845 $30,377
2018 $1,007 $38,634 $10,264 $28,370
2017 $1,234 $37,638 $9,660 $27,978
2016 $943 $34,471 $7,245 $27,226
2015 $940 $32,775 $6,440 $26,335
2014 $913 $31,642 $4,830 $26,812
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jonathan Maldonado

    Win Win Real Estate

    (425) 478-1966

    1 in this area

    19 Total Sales

    Jonathan Maldonado
    Section Image

  • S

    Buyer's Agent in 2021

    Sean Marshall

    Innovative Real Estate Strateg

See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2250721

Las Vegas REALTORS®

APN: 139-35-111-080

Nevada Clark County Las Vegas 89101 Downtown Las Vegas

397 N 15th St, Las Vegas, NV

Homes for Sale in Las Vegas, NV

This home is located at 397 N 15th St, Las Vegas, NV 89101 since 25 November 2020 and is currently estimated at $503,834, approximately $115 per square foot. This property was built in 1945. 397 N 15th St is a home located in Clark County with nearby schools including Halle Hewetson Elementary School, J.D. Smith Middle School, and Rancho 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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