NOT LISTED FOR SALE

521 N 16th St Las Vegas, NV 89101

Downtown Las Vegas Neighborhood

Estimated Value: $376,000 - $526,000

6 Beds
3 Baths
2,035 Sq Ft
$215/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $300,000 $147 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,525/month

120 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of February 2021

WELL MAINTAIN TRI-PLEX, ALL THE UNITS IN A GREAT SHAPR,LONG TERM TENANTS, APPROX 7%RETURN CASH ON CASH.

Last Listed By

Kevin Ghafouria

LIFE Realty District License #B.0030453 Listed on: 09/28/2020

LIFE Realty District

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $594

Year Built

  • Built in 1948

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in average condition

Parking

  • Paved Parking

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,035 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • Fourteenth Street City Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$594

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • CapRate: 7.0
  • Subdivision Name: Fourteenth Street City Add
  • Directions: US 95 & EASTERN,NORTH ON EASTERN,WEST ON STEWART,NORTH ON 16TH ST
  • Architectural Style: Triplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: RESALE
  • Year Built: 1948
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1948

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Appliances: Dishwasher, Water Heater
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2035.0
  • Window Features: Blinds

Exterior Features

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

Garage/Parking

  • Parking Features: Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 1.0

Condo/Co-op/Association

  • Amenities: Cable TV

Schools

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Additional Parcels Description: ---
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: 6 Months
  • Tenant Pays: Electricity, Other

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 22200.0
  • Annual Operating Expense: 1700.0

Tax Info

  • Tax Annual Amount: 594.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Apr 21, 2021
Sold by
Rios Jimmy J
Bought by
Blessed One Llc
Seller's Agent
Kevin Ghafouria
LIFE Realty District
Buyer's Agent
Tony Vane
BHHS Nevada Properties
List Price
$299,995
Sold Price
$300,000
Premium/Discount to List
$5
0.002%
Total Days on Market
120
Current Estimated Value
$438,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,381
Avg. Annual Appreciation
9.36%
Original Mortgage
$225,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2020
Closed on
Feb 22, 2021
Sold by
Mercedes Investments Lp
Bought by
Rios Jimmy J
Seller's Agent
Kevin Ghafouria
LIFE Realty District
Buyer's Agent
Tony Vane
BHHS Nevada Properties
List Price
$299,995
Sold Price
$300,000
Premium/Discount to List
$5
0.002%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2013
Sold by
Arefe Family Living Trust
Bought by
Mercedes Investments Lp

Purchase Details

Closed on
Apr 5, 2012
Sold by
Aref Mohsen and Aref Mahshid
Bought by
Aref Mohsen and Aref Mahshid

Purchase Details

Closed on
Dec 7, 2006
Sold by
Arefe Mohsen
Bought by
Arefe Mahshid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 29, 2006
Sold by
Arefe Mohsen and Arefe Mahshid
Bought by
El Tesoro Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 17, 2005
Sold by
Arefe Mohsen
Bought by
Arefe Mahshid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

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
Blessed One Llc -- None Available
Rios Jimmy J $300,000 Chicago Title Las Vegas
Mercedes Investments Lp -- None Available
Arefe Family Living Trust -- None Available
Aref Mohsen -- None Available
Aref Mohsen -- None Available
Arefe Mahshid -- Lawyers Title Of Nevada
El Tesoro Management Llc -- None Available
Arefe Mohsen -- None Available
Arefe Mahshid -- Fidelity National Title
Arefe Mahshid $120,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rios Jimmy J $225,000
Previous Owner Arefe Mahshid $224,000
Previous Owner Arefe Mahshid $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $300,000 0.0% $147 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
09/28/2020 09/28/20 For Sale $299,995 -- $147 / 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 $862 $54,595 $33,250 $21,345
2024 $799 $54,595 $33,250 $21,345
2023 $799 $51,949 $33,250 $18,699
2022 $740 $43,632 $26,250 $17,382
2021 $686 $40,663 $24,500 $16,163
2020 $634 $34,903 $19,110 $15,793
2019 $594 $30,044 $14,700 $15,344
2018 $567 $26,967 $12,425 $14,542
2017 $532 $26,338 $12,075 $14,263
2016 $532 $18,940 $8,400 $10,540
2015 $530 $19,845 $6,300 $13,545
2014 $515 $17,515 $4,550 $12,965
Source: Public Records

Agents Affiliated with this Home

  • Kevin Ghafouria

    Seller's Agent in 2021

    Kevin Ghafouria

    LIFE Realty District

    (702) 277-5537

    1 in this area

    29 Total Sales

    Kevin Ghafouria
    Section Image
  • Tony Vane

    Buyer's Agent in 2021

    Tony Vane

    BHHS Nevada Properties

    (702) 420-0166

    1 in this area

    240 Total Sales

    Tony Vane
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2235022

Las Vegas REALTORS®

APN: 139-35-111-107

Nevada Clark County Las Vegas 89101 Downtown Las Vegas

521 N 16th St, Las Vegas, NV

Homes for Sale in Las Vegas, NV

This home is located at 521 N 16th St, Las Vegas, NV 89101 since 28 September 2020 and is currently estimated at $438,381, approximately $215 per square foot. This property was built in 1948. 521 N 16th 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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