Coming Soon

3116 Kings Way

Las Vegas, NV 89102

$219,000

Get Pre-Approved Check your credit

Overview

Bed

Bath

1,434

Sqft

0.16

Acre(Lot)

Description

This is a unique situation. The seller would like to discuss all creative options. The home is going to need substantial renovation. Expense % of Gross Income Property taxes 4%–6% Insurance 2%–4% Utilities (if owner-paid) 10%–15% Repairs & maintenance reserve 5%–10% Vacancy & credit loss 5%–10% Landscaping/pest control 1%–3% Capital reserves (future HVAC, roof, appliances, etc.) 5%–10% Total (self-managed) 25%–40% Gross Potential Income 5 bedrooms + studio = $6,500/month Annual = $78,000 Adjust for 90% occupancy Effective Gross Income = about $70,200/year Example expense budget (30%) Expenses ˜ $21,000/year Net Operating Income Approximately $49,000/year Using common investor cap rates: Cap Rate Value 10% $490,000 8% $612,000 A one-third interest before any minority discount would be ap proximately: $163,000 at a $490k valuation

Property Details

Property Type : Residential

Price : $219,000

AD Id : 84930690

MLS Id : 2791719

Beds : 5

Lot Size : 0.16 Acre

Living Area Size : 1,434

Year Built : 1963

Garage : 1

County : Clark

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 6 Full Baths: 2

Room Information

Rooms Total: 1
Flooring Information

Concrete, Linoleum, Other, Tile, Vinyl
Roofing Information

Composition, Shingle
Interior Features

Smart Thermostat, Master Downstairs Roof: Composition, Shingle Appliances: Other Laundry Features: Electric Dryer Hookup, In Garage, Main Level Window Features: Insulated Windows, Low Emissivity Windows
Heating & Cooling

Has Heating: Yes Heating: Electric, Wall Furnace Cooling: Electric, None

Building Information

Year Built: 1963 Building Area Total: 1434 Stories: 1 Patio And Porch Features: Patio, Covered Private Pool: No
Exterior Features

Exterior Features: Private Yard

Lot Information

Main Square Feet: 0.16 Acres Lot Size Acres: 0.16 Lot Size Square Feet: 6970

Property Information

Subdivision: Richfield Village Source Property Type: Residential Postal Code Plus 4: 0156 Zoning Description: Single Family Property SubType: Single Family Residence Direction Faces: South Levels: One Property Age: 63

Listing Price Information

Listing Price: $219000 All Inclusive Trust Deed, Cash, Conventional, Contract, FHA, Lease Option, Owner Will Carry

Tax Information

Parcel Number: 162-08-114-047 Annual Tax: $1172

Parking Information

Attached Carport, Electric Vehicle Charging Station(s), Guest, Inside Entrance, Tandem

Garage Information

Has Garage: Yes Garage Space: 1

Homeowners Association Information
Association Amenities: None

School Information

Elementary School: Bell, Rex,Bell, Rex

Junior High School: Cashman James

Senior High School: Clark Ed. W.
Utility Information

Electricity Available
Location Information

Direction: Sahara to, Richfield Blvd to Kings way west. WaterSource: Public

Sell a home like this and save $12,641 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
200 W Sahara Avenue #601, Las Vegas, NV, 89102	$445,000	2	2	1,563	1,563 SqFt
200 W Sahara Avenue #1510, Las Vegas, NV, 89102	$265,000	1	1	1,090	1,090 SqFt
200 W Sahara Avenue #1704, Las Vegas, NV, 89102	$398,000	2	2	1,233	1,233 SqFt
200 W Sahara Avenue #1804, Las Vegas, NV, 89102	$399,900	2	2	1,233	1,233 SqFt
200 W Sahara Avenue #3012, Las Vegas, NV, 89102	$310,000	1	2	974	974 SqFt
200 W Sahara Avenue #1208, Las Vegas, NV, 89102	$595,000	3	2	1,828	1,828 SqFt
200 W Sahara Avenue #2110, Las Vegas, NV, 89102	$289,900	1	1	1,090	1,090 SqFt
200 W Sahara Avenue #2204, Las Vegas, NV, 89102	$415,000	2	2	1,233	1,233 SqFt
200 W Sahara Avenue #1909, Las Vegas, NV, 89102	$202,000	--	1	662	662 SqFt
200 W Sahara Avenue #2307, Las Vegas, NV, 89102	$415,000	2	2	1,295	1,295 SqFt

Similar Homes To 3116 Kings Way

Nearby For Sale

Active

$1,507,232

Home For Sale

513 N 13th Bldg A Street,
Las Vegas, NV, 89101

Sqft

Acre(Lot)

10160 Hollis Mountain Avenue,
Las Vegas, NV, 89148

Bed

Bath

Sqft

Acre(Lot)

9101 Alta Drive #204,
Las Vegas, NV, 89145

Bed

Bath

Sqft

31 Via Corvina(lake Las Vegas, Henderson),
Las Vegas, NV, 89011

Bed

Bath

Sqft

Sqft(Lot)

205 E Harmon Avenue #220,
Las Vegas, NV, 89169

Bed

Bath

648

Sqft

The data relating to real estate for sale on this website 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 being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. GLVAR deems information reliable but not guaranteed. Copyright © 2026 of the Greater Las Vegas Association of REALTORS® MLS. All Rights Reserved.

ByOwner last updated this listing 06/18/2026 @ 08:54

MLS: 2791719 LISTED BY: Joseph Modig, Real Broker LLC 855-450-0442 SOURCE: Las Vegas REALTORS