Multi-Residential Zoned
425 E Merlayne Drive Henderson, NV 89011
425 E Merlayne Drive, Henderson, NV, 89011
$1,300,000
For Sale
$1,300,000
Land is zoned for multi-residential use and is surrounded by everyday retail, dining, parks, and schools.
Property Size3,480 SF
Price / SF$373.56
Days on Market346
Property Features for 425 E Merlayne Drive
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1978
Listing agency
Black Gold Investment Group
(702) 849-8886
Listed by
Sebastian Mogielnicki · License #S.0189500
(702) 913-7138
Source
Xome
Added: Aug 11, 2025 Updated: Jul 21 at 11:54AM Checked: Jul 21 at 11:54AM
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 Black Gold Investment Group
Investment Insights
Based on property information with market context.
This offering is land zoned for Multi-Residential use. The property listing notes that tenants may be on-site, and requests that they not be disturbed.
The location at 425 E Merlayne Drive, Henderson, NV 89011 places the site near stores, restaurants, shops, parks, and recreational facilities including baseball fields and basketball courts, along with schools.
With the Multi-Residential zoning already in place, the property is positioned for multi-family development or related residential income use consistent with the existing land designation.
The location at 425 E Merlayne Drive, Henderson, NV 89011 places the site near stores, restaurants, shops, parks, and recreational facilities including baseball fields and basketball courts, along with schools.
With the Multi-Residential zoning already in place, the property is positioned for multi-family development or related residential income use consistent with the existing land designation.
Key Highlights
- Land is zoned multi‑residential.
- Fenced yard with extra storage and a storage area.
- Stucco exterior with composition/shingle roof.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.7k | $17.16 |
| − Vacancy | −$2.7k | −$0.77 |
| EGI | $57.0k | $16.39 |
| − OpEx | −$17.1k | −$4.92 |
| NOI | $39.9k | $11.47 |
3,480 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$570.3K
$499.0K – $665.4K
NOI $39,921 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$513.4K
$449.3K – $599.0K
NOI $35,940 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,202 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Land is zoned for multi-residential use and is surrounded by everyday retail, dining, parks, and schools.
Where is this duplex located?
The property is located at 425 E Merlayne Drive Henderson, NV.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Land is zoned multi‑residential.; Fenced yard with extra storage and a storage area.; Stucco exterior with composition/shingle roof.
