NOT LISTED FOR SALE

Estimated Value: $540,000 - $587,000

4 Beds
2 Baths
2,836 Sq Ft
$197/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $560,000 $197 Per Sq Ft

Current estimated payment $3,077/month

78 Days on Market

Highlights

  • Window Unit Cooling System
  • Property is in very good condition
  • Wall Furnace
  • Luxury Vinyl Plank Tile Flooring

About This Home

As of September 2024

632 North 9th Street is a partially renovated 4-unit value-add multi-family investment opportunity located near Downtown Las Vegas. Situated on a 0.16-acre lot, the property includes single-story and two-story buildings with 1-bedroom floor plans and offers tenants easy access to sought-after neighborhoods and major economic hubs. Recent investments include modern upgrades in two of the four units, featuring vinyl plank flooring, white cabinets, and quartz countertops. The property’s location makes it an attractive option for prospective tenants seeking a comfortable and convenient near Downtown Las Vegas. Investors seeking a strong return on investment will find 632 North 9th Street to be a highly desirable property, given its prime location and opportunity to add value.

Last Agent to Sell the Property

Rebeca Garcilazo

Go Global Realty Brokerage Phone: 702-778-1500 License #S.0167657 Listed on: 06/11/2024

Last Buyer's Agent

Ricardo Sanchez

Realty of America LLC License #S.0174109

Realty of America LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,116

Year Built

  • Built in 1947

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,836 Sq Ft Home
  • 2-Story Property
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Oven
  • Range with Range Hood

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Stewart Add Subdivision

Building Details

  • Maintenance Expense $3,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,116

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 6.74
  • Subdivision Name: Stewart Add
  • Directions: From Las Vegas Blvd N turn east on E Bonanza Rd, then north onto N 9th St, property is on east side of street near E Wilson Ave.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1947
  • Attribution Contact: 702-778-1500
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1947

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 2
  • Appliances: Exhaust Fan, Oven, Range, Refrigerator, Range Hood
  • Flooring: Luxury Vinyl Plank
  • Interior Amenities: None
  • Living Area: 2836.0

Exterior Features

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2986.0

Condo/Co-op/Association

  • Amenities: None

Schools

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Additional Parcels Description: ---

Rental Info

  • Lease Term Options: 12 Months

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 50809.0
  • Insurance Expense: 1700.0
  • Maintenance Expense: 3300.0
  • Annual Operating Expense: 14099.0

Tax Info

  • Tax Annual Amount: 1116.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Sep 27, 2024
Sold by
Ortiz Silvestre
Bought by
Ortiz Concepcion
Seller's Agent
Rebeca Garcilazo
United Realty Group
Buyer's Agent
Ricardo Sanchez
Realty of America LLC
List Price
$545,000
Sold Price
$560,000
Premium/Discount to List
$15,000
2.75%
Views
45
Current Estimated Value
$559,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$662
Avg. Annual Appreciation
-0.11%
Original Mortgage
$532,000
Outstanding Balance
$526,554
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$32,784

Purchase Details

Listed on
Jun 11, 2024
Closed on
Sep 26, 2024
Sold by
Sunflower Properties Llc
Bought by
Ortiz Concepcion and Ortiz Silvestre A
Seller's Agent
Rebeca Garcilazo
United Realty Group
Buyer's Agent
Ricardo Sanchez
Realty of America LLC
List Price
$545,000
Sold Price
$560,000
Premium/Discount to List
$15,000
2.75%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Outstanding Balance
$526,554
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$32,784

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 3, 2023
Sold by
Ninth Llc A Series Of Kufit Holdings Llc
Bought by
Sunflower Properties Llc
Seller's Agent
Christopher Shipley
Access Realty
Buyer's Agent
Christopher Shipley
Access Realty
List Price
$325,000
Sold Price
$328,250
Premium/Discount to List
$3,250
1%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.12%

Purchase Details

Closed on
Oct 19, 2022
Sold by
Revocable Living Trust
Bought by
Ninth Llc and Kufit Holdings Llc
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 Buyer Sale Price Title Company
Ortiz Concepcion -- Lawyers Title
Ortiz Concepcion $560,000 Lawyers Title
Sunflower Properties Llc $328,250 Security 1St Title
Ninth Llc -- --
Revocable Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Concepcion $532,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2024 09/27/24 Sold $560,000 +2.8% $197 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $545,000 +66.0% $192 / Sq Ft
08/04/2023 08/04/23 Sold $328,250 +1.0% $116 / Sq Ft View Prior Sale
07/22/2023 07/22/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $325,000 -- $115 / 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 $1,204 $73,307 $43,750 $29,557
2024 $1,116 $73,307 $43,750 $29,557
2023 $1,116 $71,117 $45,500 $25,617
2022 $1,033 $58,783 $35,000 $23,783
2021 $957 $47,957 $29,750 $18,207
2020 $886 $42,570 $23,800 $18,770
2019 $830 $40,575 $22,400 $18,175
2018 $792 $34,076 $17,220 $16,856
2017 $1,001 $30,542 $14,000 $16,542
2016 $743 $23,885 $7,700 $16,185
2015 $741 $21,896 $6,300 $15,596
2014 $718 $23,448 $6,300 $17,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2590953

Las Vegas REALTORS®

APN: 139-26-410-013