855 Coach House Road, Henderson, NV 89002, Henderson, 89002 - 4 bed, 3 bath
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Henderson, NV 89002
This Spacious Single-Story Residence is a Prime Investment Opportunity listed at $498,990—positioned well below the $509,879 Fair Market Value by 2%. This valuation gap secures $10,889 in Instant Equity for the buyer. While maintaining a functional Condition Rating of 4, the property offers a flooring allowance and zoning for the elite Smalley Elementary (9/10). With a stable tenant in place through June 2026, this asset balances immediate cash flow with significant long-term appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants planning a future transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 855 Coach House Road Subject | $484,990* List Price | 4 | 3 | 2,017 | $245 | - |
A 854 Coastal Beach Road Sold | $420,000 List Price | 4 | 3 | 2,017 | 0.1 mi | |
B 109 DUNE DRIFT Road Sold | $339,900 List Price | 3 | 3 | 2,018 | 0.4 mi | |
C 1010 Silver Retreat Court Sold | $535,000 | 4 | 2 | 2,074 | $258 | 0.3 mi |
D 845 CYPRESS PINES Way Sold | $415,000 | 3 | 2 | 1,668 | $249 | 0.1 mi |
E 1087 Outlook Court Sold | $540,000 | 4 | 3 | 2,368 | $228 | 0.7 mi |
F 409 Hightop Lane Sold | $445,000 | 3 | 2 | 1,666 | $267 | 0.4 mi |
G 163 CHANNEL Drive Sold | $485,000 | 3 | 2 | 1,802 | $269 | 0.2 mi |
H 854 Coral Cottage Drive Sold | $435,000 | 3 | 2 | 1,668 | $261 | 0.1 mi |
I 122 Appian Way Pending | $550,000 List Price | 4 | 3 | 1,983 | $277 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994 (30 years old), the property features an original kitchen with dated oak cabinetry and older appliances. The seller's offer of a flooring allowance indicates that the interior finishes are at the end of their lifecycle and require updating, though the home remains functional and well-maintained by the current tenant.
Elementary School: James E & A Rae Smalley Elementary School (9/10).
The 2,018 sq ft single-story floor plan featuring 4 bedrooms and 3 baths is a sought-after configuration in Henderson, offering excellent accessibility and a spacious, open-concept living area.
The property is zoned for high-performing schools, including Smalley Elementary (9/10) and Mannion Middle School (8/10), which significantly enhances long-term resale value and appeal to families.
The existing lease through June 30, 2026, prevents immediate move-in for owner-occupants, making the property unsuitable for buyers with urgent housing needs.
The current rental income of $1,850 per month is relatively low for a property priced near $500,000, which may result in a lower-than-average cap rate for traditional real estate investors.
Spacious 4-bedroom, 3-bath single-story home in the desirable Palm Canyon community, nestled near Black Mountain in Henderson. This 2,018 sq ft home features an open floor plan with separate living and family rooms, a gas fireplace, kitchen with pantry and gas range, primary suite with walk-in closet, 2-car garage, and separate laundry area. Central heat and air, block fencing, and blinds throughout. Seller is offering a flooring allowance, perfect opportunity to customize to your taste. Quiet neighborhood with easy freeway access and close to shopping and dining. ***Tenant occupied with a cooperative tenant of 5 years who takes excellent care of the property. Lease ends June 30, 2026, perfect for an owner-occupant looking to move in by summer or an investor seeking immediate cash flow at $1,850/month.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 1.0 mi
Grades PK-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,017 | 1,802 | 60% |
| Lot Size | 7,841 | 6,534 | 70% |
| Price | $485.0K | $35.0K | 78% |
| Price per sq ft | $240 | $15 | 66% |
| Built year | 1994 | 1998 | 30% |
| HOA | $56 | $0 | 88% |
| Days on market | 54 | 2700 | 1% |
May 15, 2026
$484,990
$498,990
-3% Price Drop
Initial Listing
Apr 23, 2026
$498,990
Initial Listing
Dec 29, 1994
$127,500
Public Record