Two-Story Apartment
For Sale
$650,000
140 Judy Ln, Henderson, NV 89015
The unit features upgraded granite countertops, flooring, and cabinetry in a residential income property setting.
Property Size2,924 SF
Price / SF$222.30
Days on Market76
Property Features for 140 Judy Ln
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Multi-Family
Building Details
Year Built
1978
Listing Agency:
Elite Realty
Listed By:
Alexis S. Harding · License #BS.0001657
(702) 348-6443
Source:
Findavegashouse
Added: Aug 2
Changed: Oct 8
Last Checked: Oct 5 at 7:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Realty
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Investment Insights
Based on property information with market context.
This multifamily property includes a two-bedroom, one-bath apartment within a two-story building constructed in 1978. Interior improvements include granite countertops, updated flooring, and upgraded cabinetry, providing refreshed finishes within the existing residential layout.
The property is located on Judy Lane in Henderson, Nevada, near a park, schools, shopping, and restaurants. Its apartment configuration and surrounding convenience-oriented setting support its use as a residential income property.
The property is located on Judy Lane in Henderson, Nevada, near a park, schools, shopping, and restaurants. Its apartment configuration and surrounding convenience-oriented setting support its use as a residential income property.
Key Highlights
- Two‑bedroom, one‑bath apartment
- Two‑story building constructed in 1978
- Upgraded granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,101
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,020
$622.0K
Cap Rate 7%
$444,300
$444.3K
Cap Rate 9%
$345,567
$345.6K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$59.6K $20.40/SF
− Vacancy
−$3.1K −$1.06/SF
EGI
$56.5K $19.34/SF
− OpEx
−$25.4K −$8.70/SF
NOI
$31.1K $10.64/SF
Area
ZIP 89015
Vacancy
5.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,020
Cap Rate 7%
$444,300
Cap Rate 9%
$345,567
Alternative Uses
Best Use
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,101 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.02M
$896.3K – $1.20M
NOI $71,701 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 89015, NV
41,203
Population
16,812
Households
2.5
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
37.3 sq mi
ZIP Area
1,105
Density / Sq Mi
$71,300
Median Household Income
$41,509
Median Earnings
$1,324
Median Rent
$373,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The unit features upgraded granite countertops, flooring, and cabinetry in a residential income property setting.
Where is this multifamily property located?
The property is located at 140 Judy Ln Henderson, NV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath apartment; Two‑story building constructed in 1978; Upgraded granite countertops
