5-Unit Apartment Property with Fenced
For Sale
$750,000
270 Tungsten Street, Henderson, NV 89015
Fully leased two-building property with designated parking and convenient access to Downtown Henderson amenities.
Property Size3,170 SF
Days on Market65
Property Features for 270 Tungsten Street
General Information
Standard status
Active
Size
3,170 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$2,080
Amenities
fully fenced
Building Details
Building Size
3,170 SF
Year Built
1942
Buildings
2
Stories
1
Listing Agency:
Executive Realty Services
Listed By:
Justin Bezanski · License #S.0184531
(702) 885-3013
Source:
Virtuelre
Added: Aug 12
Changed: Oct 11
Last Checked: Oct 15 at 5:28AM
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 Executive Realty Services
Investment Insights
Based on property information with market context.
Built in 1942, this fully leased multifamily property contains 5 units across 2 separate, single-story buildings. The layout provides a practical low-rise configuration, while fencing establishes a defined perimeter around the property. Designated on-site parking is supplemented by open street parking for residents and guests.
Located at 270 Tungsten St in Henderson, the property is minutes from Downtown Henderson and near schools, shopping, restaurants, entertainment, everyday services, and major freeway access. The Las Vegas Valley’s employment centers, recreational destinations, and entertainment areas are also within a short drive. Walk Score is 39, Bike Score is 46, and Transit Score is 30.
Located at 270 Tungsten St in Henderson, the property is minutes from Downtown Henderson and near schools, shopping, restaurants, entertainment, everyday services, and major freeway access. The Las Vegas Valley’s employment centers, recreational destinations, and entertainment areas are also within a short drive. Walk Score is 39, Bike Score is 46, and Transit Score is 30.
Key Highlights
- 5 units in 2 separate buildings
- Fully leased multifamily property
- Single‑story configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,718
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,360
$674.4K
Cap Rate 7%
$481,686
$481.7K
Cap Rate 9%
$374,644
$374.6K
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$64.7K $20.40/SF
− Vacancy
−$3.4K −$1.06/SF
EGI
$61.3K $19.34/SF
− OpEx
−$27.6K −$8.70/SF
NOI
$33.7K $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%
$674,360
Cap Rate 7%
$481,686
Cap Rate 9%
$374,644
Alternative Uses
Best Use
Apartment 5plus
$481.7K
$421.5K – $562.0K
NOI $33,718 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$971.7K – $1.30M
NOI $77,733 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,168
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased two-building property with designated parking and convenient access to Downtown Henderson amenities.
Where is this apartment building located?
The property is located at 270 Tungsten Street Henderson, NV.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5 units in 2 separate buildings; Fully leased multifamily property; Single‑story configuration
