Active

$219,000

3116 Kings Way, Las Vegas, NV 89102

5beds

1,434sqft

$1,426/mo

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Single Family Residence

Built in 1963

6,969 Square Feet Lot

$-- Zestimate^®

$153/sqft

$-- HOA

What's special

This is a uniquе ѕіtuation. Τhe ѕeller would like to diѕcuѕs all creative options. The home is going to need substantial renovation. 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 approximately: $163,000 at a $490k valuation

72 days

4,711

130

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 6
Full bathrooms: 2
3/4 bathrooms: 4

Living room

Description: None
Dimensions: 15x30

Heating

Electric, Multiple Heating Units, Wall Furnace

Cooling

Electric, None

Appliances

Included: Other
Laundry: Electric Dryer Hookup, In Garage, Main Level

Features

Bedroom on Main Level, Primary Downstairs, None, Programmable Thermostat
Flooring: Concrete, Linoleum, Other, Tile, Vinyl
Windows: Insulated Windows, Low-Emissivity Windows
Has fireplace: No

Interior area

Total structure area: 1,434
Total interior livable area: 1,434 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 3
Parking features: Attached Carport, Air Conditioned Garage, Exterior Access Door, Electric Vehicle Charging Station(s), Guest, Inside Entrance, Tandem
Garage spaces: 1
Carport spaces: 2
Covered spaces: 3

Features

Levels: One
Stories: 1
Patio & porch: Covered, Patio
Exterior features: Patio, Private Yard
Fencing: Block,Back Yard

Lot

Size: 6,969 Square Feet
Features: < 1/4 Acre

Details

Additional structures: Guest House
Parcel number: 16208114047
Zoning description: Single Family
Special conditions: In Foreclosure,Probate Listing
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: One Story
Property subtype: Single Family Residence

Materials

Roof: Composition,Shingle

Condition

Resale,Fixer
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available

Green energy

Energy efficient items: Solar Screens, Windows

Community & HOA

Community

Subdivision: Richfield Village

HOA

Has HOA: No
Amenities included: None

Location

Region: Las Vegas

Financial & listing details

Price per square foot: $153/sqft
Tax assessed value: $154,563
Annual tax amount: $1,172
Date on market: 6/16/2026
Listing agreement: Exclusive Right To Sell
Listing terms: All Inclusive Trust Deed,Cash,Conventional,Contract,FHA,Lease Option,Owner Will Carry,Rehab Financing
Ownership: Single Family Residential
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,892/mo

Price history

Price history is unavailable.

Public tax history

Year	Property taxes	Tax assessment
2026	$2,085 -14.3%	$54,097 +0.3%
2025	$2,432 +45.6%	$53,929 +0.9%
2024	$1,671 +12.7%	$53,455 +25.2%
2023	$1,482 +71.4%	$42,702 +6.4%
2022	$865 +7.8%	$40,150 +5.8%
2021	$802 +6.8%	$37,965 +16.7%
2020	$751 +4.8%	$32,527 +10.2%
2019	$717 +6.9%	$29,503
2018	$671	$29,503 +6.8%
2017	$671	$27,629 +16.7%
2016	$671 +0.4%	$23,666 +19.7%
2015	$668 +3%	$19,776 +1.2%
2014	$649	$19,537
2013	--	$19,537 -1.5%
2012	--	$19,826 +0.9%
2011	--	$19,645 -5.5%
2010	--	$20,795 -20.3%
2009	--	$26,078
2008	--	$26,078 -49%
2007	--	$51,137 +27.2%
2006	--	$40,217 +29.2%
2005	--	$31,122 +19.4%
2004	--	$26,065 +0.3%
2003	--	$25,998 -1.1%
2002	--	$26,280 +10%
2001	--	$23,900