Duplex with
For Sale
$1,315,000
425 E Merlayne Drive, Henderson, NV 89011
Residential, Henderson, NV
Property Size3,480 SF
Lot Size0.32 Acres
Price / SF$377.87
Days on Market48
Property Features for 425 E Merlayne Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Storage
Elementary school
,
Directions
From the 515 exit Sunset Rd. Head East towards boulder highway, turn right onto Moser Dr. Then Left onto Merlayne Dr. Lot will be to your left.
Standard status
Active
APN
178-01-604-011
Size
3,480 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
2185
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Stucco, Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Realty 360
(702) 843-5408
Listed By:
Sebastian Mogielnicki · License #S.0189500
(702) 913-7138
Added: Aug 29
Changed: Sep 12
Last Checked: Oct 15 at 5:06AM
MLS# 2810758
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 duplex contains 3,480 square feet on a 0.32-acre parcel. The property was built in 1978 and includes storage, tile flooring, stucco and wood-frame construction, and a composition shingle roof. Central air conditioning and electric central heating serve the building.
The property is located in Henderson, Nevada, near stores, restaurants, shops, parks, baseball fields, basketball courts, and schools. Public water and public sewer serve the site. The land carries a multi-residential zoning designation, supporting its classification as a duplex and residential income property.
The property is located in Henderson, Nevada, near stores, restaurants, shops, parks, baseball fields, basketball courts, and schools. Public water and public sewer serve the site. The land carries a multi-residential zoning designation, supporting its classification as a duplex and residential income property.
Key Highlights
- Duplex property with 3,480 square feet
- 0.32‑acre parcel with multi‑residential zoning
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,921
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,420
$798.4K
Cap Rate 7%
$570,300
$570.3K
Cap Rate 9%
$443,567
$443.6K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$59.7K $17.16/SF
− Vacancy
−$2.7K −$0.77/SF
EGI
$57.0K $16.39/SF
− OpEx
−$17.1K −$4.92/SF
NOI
$39.9K $11.47/SF
Area
ZIP 89011
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,420
Cap Rate 7%
$570,300
Cap Rate 9%
$443,567
Alternative Uses
Best Use
Multifamily LT 5
$570.3K
$499.0K – $665.4K
NOI $39,921 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$513.4K
$449.3K – $599.0K
NOI $35,940 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,202 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 89011, NV
34,456
Population
15,505
Households
2.2
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
2,088
Density / Sq Mi
$93,881
Median Household Income
$46,604
Median Earnings
$1,725
Median Rent
$458,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multi-residential zoning supports a two-unit property with tile flooring, central air, and dedicated storage.
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 $1,315,000.
What are key features of this property?
This property features: Duplex property with 3,480 square feet; 0.32‑acre parcel with multi‑residential zoning; Built in 1978
