Recently Constructed Multifamily
For Sale
$1,100,000
150 Copper St, Henderson, NV 89015
Three newly built multifamily communities offer 17 one- and two-bedroom units with private in-unit laundry.
Days on Market9
Property Features for 150 Copper St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
5.12%
Highway Access
Yes
Multifamily Units
17
Amenities
Modern Construction: Built between 2022 and 2024, the portfolio offers contemporary construction with modern interiors and minimal deferred maintenance.
Limited Supply: The portfolio represents the only three multifamily developments consisting of 5 to 25 units completed in the City of Henderson in more than 15 years.
Urban Lifestyle: Located within walking distance of Henderson's Water Street District, residents enjoy convenient access to dining, entertainment, retail, and community events.
Portfolio Scale: Seventeen units across three neighboring properties provide operational efficiencies while maintaining the flexibility of smaller multifamily assets.
Building Details
Building Size
3,816 SF
Tenancy
Multi
Listing Agency:
(702) 215-7118
Listed By:
Drew Holden · License #License(s): CA: 01962800, NV: S.0189703
(702) 215-7118
Source:
Marcusmillichap
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 1 at 2:13AM
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 Drew Holden
Investment Insights
Based on property information with market context.
The Crown Portfolio presents three recently constructed multifamily communities totaling 17 units. The properties were completed in 2022 and 2024 and offer one- and two-bedroom residences with contemporary finishes, private in-unit laundry, and spacious floor plans, built with low-maintenance construction.
The communities are positioned in Downtown Henderson and are within walking distance of the Water Street District. The three properties are located less than one-half mile from one another, supporting operational efficiencies while retaining the flexibility of smaller multifamily assets.
Accessibility is supported by connectivity to Interstate 11 and Interstate 215, along with major employment corridors throughout the Las Vegas Valley, providing convenient access to Downtown Las Vegas, the Las Vegas Strip, Harry Reid International Airport, and the Henderson Executive Airport.
The communities are positioned in Downtown Henderson and are within walking distance of the Water Street District. The three properties are located less than one-half mile from one another, supporting operational efficiencies while retaining the flexibility of smaller multifamily assets.
Accessibility is supported by connectivity to Interstate 11 and Interstate 215, along with major employment corridors throughout the Las Vegas Valley, providing convenient access to Downtown Las Vegas, the Las Vegas Strip, Harry Reid International Airport, and the Henderson Executive Airport.
Key Highlights
- Crown Portfolio includes 3 newly constructed multifamily communities totaling 17 units in downtown Henderson.
- Units are 1- and 2‑bedroom layouts with private in‑unit laundry.
- Communities were completed in 2022 and 2024.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $20.40 |
| − Vacancy | −$4.0k | −$1.06 |
| EGI | $73.8k | $19.34 |
| − OpEx | −$33.2k | −$8.70 |
| NOI | $40.6k | $10.64 |
3,816 SF · lease $20.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$579.8K
$507.4K – $676.5K
NOI $40,589 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,574 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,443
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three newly built multifamily communities offer 17 one- and two-bedroom units with private in-unit laundry.
Where is this apartment building located?
The property is located at 150 Copper St Henderson, NV.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Crown Portfolio includes 3 newly constructed multifamily communities totaling 17 units in downtown Henderson.; Units are 1- and 2‑bedroom layouts with private in‑unit laundry.; Communities were completed in 2022 and 2024.
