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June 15, 2024
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Henderson, NV Apartment Property Sells for $175k/Unit


An 88-unit multifamily property in Henderson, NV was acquired by a private investor for $15.4 mil ($175k/unit). The property, Madison at Green Valley, is located at 2096 Ramrod Ave , south of Tropicana Ave on the west side of I-515.

Photo: CoStar
Photo: CoStar
Located in the Green Valley North submarket in Henderson, Madison at Green Valley covers just over four acres along Ramrod Ave, with proximity to S. Mountain Vista St and N Green Valley Pkwy. Originally constructed in 1992, the two-story, garden-style apartment community features one- and two-bedroom floor plans with an average unit size of approximately 942 sf. The property is situated near the Sunset Station Hotel and Casino and Galleria at Sunset.

Patrick Sauter, Art Carll-Tangora, and Steve Nosrat with Avison Young worked with the buyer, Brisas GD LLC, and the seller, Pacifica Henderson LLC, to facilitate the sale.

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