479 South Water Street, Henderson, NV 89015, Henderson, 89015 - 5 bed, 1 bath
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Henderson, NV 89015
This Single Family Residence is a Strong Value Opportunity, listed at $365,000—positioned slightly above the $362,122 Fair Market Value. While the price reflects current market stability, the property features a Condition Rating of 3, bolstered by a brand-new roof, new windows, and luxury vinyl plank flooring. Located in the heart of Downtown Henderson, this home offers exceptional walkability and proximity to top-rated schools like Gordon Mccaw Elementary. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-potential, centrally located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 479 South Water Street Subject | $365,000* List Price | 5 | 1 | 1,258 | $288 | - |
A 617 NATIONAL Street Sold | $388,000 | 4 | 2 | 1,198 | $324 | 0.2 mi |
B 617 National Street Sold | $388,000 | 4 | 2 | 1,486 | $261 | 0.2 mi |
C 483 Hazel Street Active | $315,000 List Price | 3 | 1 | 1,196 | $263 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1953, the property has undergone significant recent renovations including a brand new roof, new windows, and luxury vinyl plank flooring throughout. The kitchen and interior are clean and move-in ready; however, the cabinetry appears older than 5 years and the presence of a window AC unit suggests the HVAC system may not be fully modernized, keeping it out of the 'Excellent' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1258.
Elementary School: Gordon Mccaw Elementary School (9/10).
Situated directly on Water Street, the property offers exceptional walkability to Henderson's vibrant dining, shopping, and entertainment district, including the America First Center.
With only one bathroom serving up to five bedrooms, the property presents a significant functional bottleneck for larger households or multi-generational living.
Fitting five bedrooms into 1,258 square feet suggests very small individual room dimensions, which may feel cramped compared to modern residential standards.
Rare opportunity in the heart of Downtown Henderson! This spacious 4-bedroom home offers the potential for a 5th bedroom with the simple addition of a closet, providing flexibility for growing households, multi-generational living, a home office, or guest space. Thoughtfully updated with brand new roof, new windows, and new luxury vinyl plank flooring throughout, this home combines modern improvements with an unbeatable location. Situated directly on Water Street, you'll enjoy walking-distance access to Henderson's vibrant downtown scene, including restaurants, coffee shops, bars, boutique shopping, parks, community events, and the America First Center ice skating rink. Whether you're looking for a primary residence, investment opportunity, or a home with room to grow, this property offers exceptional value in one of Henderson's most desirable and walkable neighborhoods. Experience the convenience, character, and energy of Downtown Henderson right outside your front door.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 0.6 mi
Grades PK-5 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 1,258 | 1,652 | 12% |
| Lot Size | 8,276 | 6,534 | 76% |
| Price | $365.0K | $265.0K | 59% |
| Price per sq ft | $290 | $166 | 91% |
| Built year | 1953 | 1997 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 2635 | 1% |
Jun 12, 2026
$365,000
Initial Listing