
Henderson, NV 89015
This Value-Add Residential Asset is a High-Potential Investment Opportunity, listed at $595,000—positioned slightly above the $587,431 Fair Market Value. While the property requires modernization, its Condition Rating of 4 is bolstered by a brand-new HVAC system and water heater. The expansive 20,473 sq. ft. lot, detached workshop, and six-car capacity provide rare utility for hobbyists or developers. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable sanctuary with significant room for long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 181 West Middleton Drive Subject | $595,000* List Price | 4 | 2 | 2,330 | $252 | - |
A 120 W Highland Drive Sold | $695,000 | 5 | 3 | 2,450 | $284 | 0.2 mi |
B 211 W DESERT ROSE Drive Sold | $449,000 List Price | 3 | 3 | 2,453 | 0.3 mi | |
C 121 East Mulberry Drive Active | $715,000 List Price | 4 | 2 | 2,340 | $306 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the home shows pride of ownership but remains largely in original condition with dated floral carpeting, popcorn ceilings, and 1970s-style kitchen cabinetry. While the property benefits from a brand-new HVAC system and water heater, the kitchen and bathrooms require significant cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 2330.
The nearly half-acre corner lot offers immense flexibility with RV access and no HOA restrictions, providing ample space for a pool, guest house, or additional custom structures.
A detached garage/woodworking shop combined with a six-car carport and RV parking makes this property a rare find for craftsmen, hobbyists, or those with significant vehicle storage needs.
The interior, particularly the kitchen and family room, is noted as having renovation potential, suggesting that significant cosmetic updates are needed to meet contemporary standards.
Built in 1975, the home features a traditional segmented floor plan with a separate formal living room, which may feel less functional for buyers seeking a modern open-concept living space.
Step into a family home that reflects true pride of ownership. Situated on a desirable corner lot, nearly 1/2 an Acre in Henderson. This single-story, approximately 2,330 Sq.Ft. offers space, functionality, and incredible potential. Featuring 4 spacious bedrooms, 2 bathrooms, a generous laundry room, and a separate utility room; the home provides a flexible layout ready for your personal touch. Recent improvements include a brand-new water heater and a new heat pump HVAC system, offering added comfort and efficiency. The kitchen and family room, located at the rear of the home, offer excellent renovation possibilities, complemented by a separate den and a large formal living room at the front. Whether you're looking to update, expand, or reimagine the space, the opportunities are endless. Outside, you'll find an impressive, detached garage/woodworking shop with equipment- a craftsman's dream plus a carport that can fit up to 6 cars. The expansive lot also offers RV access on one side, potential for additional RV parking on the other, and ample space to build an RV or boat garage, add a pool, guest house or custom outdoor retreat. You can create the backyard oasis you've always wanted. Mature, lush trees provide beautiful shade and a peaceful setting around the property. With a little imagination and vision, this unique home can be transformed into the perfect sanctuary. Combining solid bones, valuable upgrades, abundant workspace, and room to grow, this property is a rare opportunity you don’t want to miss. No HOA and just minutes to the Water Street District. Open House August 1-2, and 7 from 10am-2pm.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,330 | 2,064.015 |
| Lot Size | 20,473 | 6,098 |
| Price | $595.0K | $525.0K |
| Price per sq ft | $255 | $265 |
| Built year | 1975 | 2005 |
| HOA | $0 | $110 |
| Days on market | 47 | 70 |
Jul 24, 2026
$595,000
Initial Listing