5-Unit Multifamily
270 Tungsten Street, Henderson, NV 89015
For Sale
$750,000
Two separate single-story buildings offer a fully leased residential configuration with designated on-site parking.
Property Size3,170 SF
Price / SF$236.59
Days on Market88
Property Features for 270 Tungsten Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fully fenced
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Executive Realty Services
Listed By:
Justin Bezanski · License #S.0184531
(702) 885-3013
Source:
Mahsheed
Added: Aug 12
Changed: Oct 30
Last Checked: Nov 6 at 9:12AM
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
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Investment Insights
Based on property information with market context.
This fully leased multifamily property comprises five units across two separate, single-story buildings. The site is fenced, with designated on-site parking and additional open street parking. Built in 1942, the property offers a two-building layout within a compact residential configuration.
The property is in Henderson, a short drive from Downtown Henderson and with access to major freeways. Schools, shopping, restaurants, and entertainment are among the nearby amenities. The Las Vegas Valley’s employment centers and recreational destinations are also within a short drive.
The property is in Henderson, a short drive from Downtown Henderson and with access to major freeways. Schools, shopping, restaurants, and entertainment are among the nearby amenities. The Las Vegas Valley’s employment centers and recreational destinations are also within a short drive.
Key Highlights
- Five‑unit multifamily property, fully leased
- Two separate buildings, each single‑story
- Fenced property with designated on‑site parking
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$373,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Clark County, NV
Properties on Market for Apartment buildings in Clark County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate single-story buildings offer a fully leased residential configuration with designated on-site parking.
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: Five‑unit multifamily property, fully leased; Two separate buildings, each single‑story; Fenced property with designated on‑site parking
