Crown Portfolio - 251 S Texas Ave — Sale in Henderson, NV
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Henderson, NV 89015
Photos
Investment Figures
- Cap rate
- 5.36%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap, as the exclusive listing broker, is pleased to present the Crown Portfolio, a rare opportunity to acquire three recently constructed multifamily communities totaling 17 units in the heart of Downtown Henderson. Completed in 2022 and 2024, the portfolio offers a collection of thoughtfully designed one- and two-bedroom residences featuring contemporary finishes, private in-unit laundry, spacious floor plans, and low-maintenance construction. Located within walking distance of the Water Street District, residents enjoy convenient access to Henderson’s premier dining, retail, entertainment, and community events, creating a highly desirable urban living environment. Strategically positioned within less than one-half mile of one another, the three properties provide operational efficiencies while maintaining the flexibility and appeal of smaller multifamily assets. The portfolio benefits from excellent connectivity to Interstate 11, Interstate 215, and major employment corridors throughout the Las Vegas Valley, allowing residents convenient access to Downtown Las Vegas, the Las Vegas Strip, Harry Reid International Airport, and the Henderson Executive Airport. This combination of accessibility and neighborhood amenities supports long-term tenant demand and stable occupancy. The Crown Portfolio also represents a unique opportunity to acquire the only three multifamily developments consisting of 5 to 25 units constructed within the surrounding area in more than 15 years. High barriers to new infill apartment development have significantly limited comparable inventory, reinforcing the portfolio’s long-term competitive positioning. Combining modern construction, desirable resident amenities, and a premier Downtown Henderson location, the portfolio is well positioned to deliver durable cash flow, operational efficiency, and long-term value appreciation. Investment Highlights: • Modern Construction: Built between 2022 and 2024, the portfolio offers contempo
Market Context
This multifamily in Henderson, NV is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Henderson, NV — view the full market.
As of Q1 2026, the Las Vegas multifamily market showed a 10.4% vacancy rate, average asking rents near $1455.50/unit/mo, and cap rates around 5.5%. Source: multiple brokerage reports, Q1 2026.
Its 5.4% asking cap rate is in line with the Las Vegas multifamily market average of about 5.5%.
Multifamily market FAQ
- What is the typical cap rate for multifamily in Las Vegas?
- About 5.5% as of Q1 2026, per multiple brokerage reports.
- Is the Las Vegas multifamily market tightening or softening?
- Vacancy is around 10.4% (Q1 2026).
Contact
- Drew Holden · (702) 215-7118 · drew.holden@marcusmillichap.com
- Nicholas Gray · (702) 215-7144 · nicholas.gray@marcusmillichap.com
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Similar Multifamily Property for Sale in Henderson, NV
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