Updated Quadplex with Rented
For Sale
$650,000
140 Judy Lane, Henderson, NV 89015
Residential, Henderson, NV
Property Size2,924 SF
Lot Size0.17 Acres
Price / SF$222.30
Days on Market167
Property Features for 140 Judy Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Interior features
Window Treatments
Appliances
Exhaust Fan, Disposal, Oven, Range, Refrigerator, Range Hood
Subdivision
Westminister Sub Amd
Elementary school
,
Directions
215 TOWARD HENDERSON EXIT TAKE LAKE MEAD PRKWY TURN RIGHT ON BURKHOLDER BLVD ..RIGHT ON JUDY LN PROPERTY ON A LEFT
Standard status
Active
APN
179-17-115-001
Size
2,924 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2122
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Carpet, Tile
Building materials
Stucco, Wood Siding
Roof type
Flat
Architectural style
Other
Listing Agency:
Elite Realty
(702) 228-7227
Listed By:
Alexis S. Harding · License #BS.0001657
(702) 348-6443
Added: Apr 30
Changed: Sep 28
Last Checked: Oct 13 at 11:06AM
MLS# 2777858
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story quadplex contains 2,924 square feet and was built in 1978. The property includes four two-bedroom, one-bath apartments, with all units currently rented. Interior improvements include granite countertops, refreshed cabinetry, and new flooring. Tile, ceramic tile, and carpet are used throughout the apartments, with central electric heating and central air conditioning. Window treatments are also included.
The 0.17-acre property is served by public water and public sewer. Construction includes stucco and wood siding beneath a flat roof. Located in Henderson, the property is near parks, schools, shopping, and restaurants. Apartment appliances include refrigerators, ranges, ovens, range hoods, disposals, and exhaust fans.
The 0.17-acre property is served by public water and public sewer. Construction includes stucco and wood siding beneath a flat roof. Located in Henderson, the property is near parks, schools, shopping, and restaurants. Apartment appliances include refrigerators, ranges, ovens, range hoods, disposals, and exhaust fans.
Key Highlights
- Four two‑bedroom, one‑bath apartments in a two‑story quadplex
- 2,924 square feet on a 0.17‑acre lot
- All units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,855
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,100
$677.1K
Cap Rate 7%
$483,643
$483.6K
Cap Rate 9%
$376,167
$376.2K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$50.9K $17.40/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$48.4K $16.54/SF
− OpEx
−$14.5K −$4.96/SF
NOI
$33.9K $11.58/SF
Area
ZIP 89015
Vacancy
4.94%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,100
Cap Rate 7%
$483,643
Cap Rate 9%
$376,167
Alternative Uses
Best Use
Multifamily LT 5
$483.6K
$423.2K – $564.3K
NOI $33,855 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,101 @ 7.0% cap · market cap 4.78%
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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Current Use
Lease Details
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story rental property with updated kitchens, new flooring, and cabinets; every apartment is currently rented.
Where is this quadplex located?
The property is located at 140 Judy Lane 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: Four two‑bedroom, one‑bath apartments in a two‑story quadplex; 2,924 square feet on a 0.17‑acre lot; All units currently rented
