5-Unit Single-Story Apartment
New
For Sale
$750,000
270 Tungsten Street, Henderson, NV 89015
MULTI_FAMILY - Henderson, NV
Property Size3,170 SF
Lot Size0.23 Acres
Price / SF$236.59
Days on Market4
Property Features for 270 Tungsten Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Exterior features
Private Yard
Appliances
Oven, Range, Refrigerator
Subdivision
Henderson Townsite
Elementary school
,
Directions
From I-95 & Lake Mead Pkwy - East to Basic Rd - Right on Basic Rd - Left on Magnesium St - Right on Tungsten St - Property on the Left.
Standard status
Active
APN
179-18-310-180
Size
3,170 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
2080
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1942
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Stucco
Roof type
Flat
Listing Agency:
Executive Realty Services
(702) 278-8871
Listed By:
Justin Bezanski · License #S.0184531
(702) 885-3013
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 15 at 1:06AM
MLS# 2808539
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 fully leased multifamily property contains 5 units across 2 separate, single-story buildings on a 0.23-acre parcel. The 3,170-square-foot property includes designated on-site parking, additional open street parking, and fully fenced grounds with a private yard. Interior features include ceiling fans and window treatments, with tile flooring, central air, central electric heating, and a mix of oven, range, and refrigerator appliances. The buildings were constructed with stucco and feature flat roofs.
Located in Henderson near Downtown Henderson, the property is within convenient reach of schools, shopping, restaurants, entertainment, everyday services, and major freeway access. Public water and public sewer serve the property. The address is 270 Tungsten Street, Henderson, NV 89015.
Located in Henderson near Downtown Henderson, the property is within convenient reach of schools, shopping, restaurants, entertainment, everyday services, and major freeway access. Public water and public sewer serve the property. The address is 270 Tungsten Street, Henderson, NV 89015.
Key Highlights
- 5 units in 2 separate single‑story buildings
- Fully leased multifamily property
- 3,170 square feet on 0.23 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
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 - Fully leased multifamily asset with two buildings, fenced grounds, and resident parking in Henderson.
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 single‑story buildings; Fully leased multifamily property; 3,170 square feet on 0.23 acres
