Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Henderson Multifamily Investment Opportunity Title is generated by Realmo AI

    808 Center St, Henderson, NV 89015

    View on Map
    Claim this Listing
    For Sale
    $1,695,000

    Turn-key 12-unit apartment complex in Henderson, Nevada.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 4:57 am

    Property Features for 808 Center St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Michael L. Shaffner

    Listing agent Michael L. Shaffner License #NV: BS.0045177

    Listing office Las Vegas Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Las Vegas Office

    HighLights

    • Turn‑key investment property with high historical occupancy and operational performance.
    • Large 2‑bedroom floor plans with favorable interior corridor access.
    • Meticulously updated units feature double‑paned windows, flooring, and fixtures.
    • Located 1.35 miles from the redeveloping Water Street District.
    • Well‑maintained property with pride of ownership and a welcoming atmosphere.
    • Recently redone parking lot asphalt.

    Overview

    The Monte Carlo Apartments, a 12-unit multifamily investment property in Henderson, Nevada, offers a turn-key investment opportunity. The property has a history of high occupancy and strong operational performance. It features large 2-bedroom floor plans with interior corridor access. The asset is well-maintained and self-managed, with a focus on creating a welcoming atmosphere and a strong sense of community. All units have been updated with double-paned windows, flooring, and fixtures. The parking lot asphalt has also been recently redone. The property is located within 1.35 miles of the Water Street District, a redeveloping corridor of Downtown Henderson. This district aims to create an authentic downtown core with community gathering spaces, retail, professional services, family nightlife, and entertainment. Residents also have access to Morrell Park, featuring landscaping and amenities. Major economic drivers in the area include Henderson Municipal Court, St. Rose Dominican Hospital, Valley Auto mall, Google Data Center, and the Eastgate Industrial Center.
    Location Intelligence

    Current Use by Public Records

    Monte Carlo Apts Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Clark
    State
    Nevada
    Longitude
    -114.966807
    Latitude
    36.040814

    Nearby Similar for Sale

    • $699,950
      2,924 SF

      Henderson Multifamily Property For Sale

      Multifamily property in Henderson, Nevada, near parks, schools, and restaurants.
      140 Judy Lane, Henderson, NV 89015
      View Details
    • $770,000
      1,725 SF

      Two Homes on One Lot

      Two homes on one lot in Henderson, Nevada.
      303 Tin Street, Henderson, NV 89015
      View Details
    • $399,900
      1,146 SF

      Henderson Duplex: Investor Opportunity

      Duplex in Henderson, ideal for investors or owner-occupants.
      207 S Texas Avenue, Henderson, NV 89015
      View Details
    • $449,999
      1,668 SF

      Henderson Duplex Investment Opportunity

      Two single-family homes on one lot near Water Street District.
      242 Nebraska Avenue, Henderson, NV 89015
      View Details
    • $9,800,000
      22,254 SF

      Medical Office Building For Sale

      Two-story medical office building near St. Rose Dominican Hospital.
      3007 West Horizon Ridge Parkway, Henderson, Nevada 89052
      View Details
    • $1,300,000
      3,480 SF

      Henderson Multifamily Property For Sale

      Multifamily property in Henderson, Nevada, zoned for multi-residential use.
      425 E Merlayne Drive, Henderson, NV 89011
      View Details
    • $1,626,000
      4,222 SF

      Medical Suite in Siena Office Park

      First-floor medical suite near St. Rose Dominican Hospital.
      2904 West Horizon Ridge Parkway, Henderson, NV, 89052
      View Details
    • $2,595,000
      8,826 SF

      Whitney Ranch High-Visibility Commercial Building

      Premier 8,826 SF owner-user opportunity in Henderson, Nevada.
      1001 Whitney Ranch Dr, Henderson, NV 89014
      View Details
    • $5,589,360
      29,549 SF

      Henderson Industrial Flex Space Available

      Industrial flex space with office, warehouse, and mezzanine areas.
      7511 Eastgate Rd, Henderson, NV 89011
      View Details
    • $4,500,000
      20,784 SF

      Multi-Tenant Industrial Office/Warehouse Building

      20,784 SF multi-tenant building with freeway access.
      1180 Center Point Drive, Henderson, NV, 89074
      View Details
    • $885,000
      1,787 SF

      Henderson Green Valley NNN Investment

      NNN investment property in Henderson Green Valley area.
      178 N Pecos Rd #140, Henderson, NV 89074
      View Details
    • Contact for pricing
      8,500 SF

      Renovated Retail Facility with Expansion

      Retail facility with expansion opportunities, high security, and shooting range.
      1212 N Boulder Hwy, Henderson, NV 89011
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turn-key 12-unit apartment complex in Henderson, Nevada.
    Where is this apartment building located?
    The property is located at 808 Center St Henderson, NV.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Turn‑key investment property with high historical occupancy and operational performance.; Large 2‑bedroom floor plans with favorable interior corridor access.; Meticulously updated units feature double‑paned windows, flooring, and fixtures.
    (702) 215-7103
    We can help!
    Listing Contact
    Michael L. Shaffner
    Real Estate License ID: NV: BS.0045177
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    808 Center St, Henderson, NV 89015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!