Five-Unit Apartment
For Sale
$750,000
270 Tungsten Street, Henderson, NV 89015
Residential, Henderson, NV
Property Size3,170 SF
Lot Size0.23 Acres
Price / SF$236.59
Days on Market58
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
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
fully fenced
on-site parking
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: Sep 21
Last Checked: Oct 8 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 apartment property contains 5 units across 2 separate single-story buildings on a 0.23-acre parcel. The buildings total 3,170 square feet and include tile flooring, central heating, central air conditioning, ceiling fans, window treatments, and standard kitchen appliances. Stucco construction, flat roofing, a private yard, and full fencing define the physical improvements and site layout.
Located at 270 Tungsten Street in Henderson, the property is near Downtown Henderson, schools, shopping, restaurants, entertainment, and major freeway access. Public water and public sewer serve the property. Designated on-site parking is supplemented by open street parking, providing additional parking availability for residents and visitors.
Located at 270 Tungsten Street in Henderson, the property is near Downtown Henderson, schools, shopping, restaurants, entertainment, and major freeway access. Public water and public sewer serve the property. Designated on-site parking is supplemented by open street parking, providing additional parking availability for residents and visitors.
Key Highlights
- 5‑unit multifamily property with 2 separate buildings
- 3,170 square feet on a 0.23‑acre parcel
- Fully leased apartment property
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.
Property Analytics
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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
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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 property with two single-story buildings, fenced grounds, and designated resident 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: 5‑unit multifamily property with 2 separate buildings; 3,170 square feet on a 0.23‑acre parcel; Fully leased apartment property
