Four-Unit Multifamily
155 Westminster Way, Henderson, NV 89015
For Sale
$660,000
Residential, Henderson, NV
Property Size2,924 SF
Lot Size0.16 Acres
Price / SF$225.72
Days on Market98
Property Features for 155 Westminster Way
General Information
Property type
Property subtype
Window features
Interior features
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Executive Realty Services
(702) 278-8871
Listed By:
Justin Bezanski · License NV S.0184531
(702) 885-3013
Added: Aug 8
Changed: Oct 25
Last Checked: Nov 13 at 11:06PM
MLS# 2807470
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.
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Investment Insights
Based on property information with market context.
The property contains four 2-bedroom, 1-bath units within 2,924 square feet on a 0.16-acre lot. Interior features include vinyl flooring, window treatments, central air, and central electric heating. Stucco construction, a flat roof, and public water and sewer complete the physical profile. Built in 1977, the property has a defined four-unit layout suited to multifamily ownership.
Located in Henderson, the property is described as minutes from schools, shopping, restaurants, grocery stores, freeway access, and entertainment. The absence of an HOA is a stated property characteristic. The mailing address is 155 Westminster Way, Henderson, NV 89015.
Located in Henderson, the property is described as minutes from schools, shopping, restaurants, grocery stores, freeway access, and entertainment. The absence of an HOA is a stated property characteristic. The mailing address is 155 Westminster Way, Henderson, NV 89015.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- 2,924 square feet on 0.16 acres
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,855
Cap Rate
5.13%
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 5.13%
Second Best
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,101 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$1.02M
$896.3K – $1.20M
NOI $71,701 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
607
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
$373,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Clark County, NV
Properties on Market for Quadplexes in Clark County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences offer central air, vinyl flooring, and public water and sewer service.
Where is this quadplex located?
The property is located at 155 Westminster Way Henderson, NV.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; 2,924 square feet on 0.16 acres; Built in 1977
