Rented Fourplex With Covered
For Sale
$675,000
1444 Star Road, Pahrump, NV 89048
Residential, Pahrump, NV
Property Size4,310 SF
Lot Size0.19 Acres
Price / SF$156.61
Days on Market224
Property Features for 1444 Star Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Window Treatments
Exterior features
Private Yard
Appliances
Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
Subdivision
Calvada Valley U7
Elementary school
,
Directions
FROM HIGHWAY 160 & CALVADA, HEAD WEST ON CALVADA, RIGHT ON MOUNT CHARLESTON DR, LEFT ON RED BUTTE, LEFT ON STAR ROAD, PROPERTY ONM THE RIGHT SIDE
Standard status
Active
APN
39-611-18
Size
4,310 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
2882
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
mountain views
covered front porches
patio areas
assigned covered parking
separate laundry rooms
individual storage areas
Building Details
Year built
1998
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Stucco
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Keller Williams VIP · Keller Williams Realty
(702) 905-1110
Listed By:
Lisa Shahin · License #BS.0146790
(702) 503-9104
Added: Jan 20
Changed: Aug 19
Last Checked: Sep 1 at 9:06PM
MLS# 2747982
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1998-built fourplex contains four occupied units, each with three bedrooms, two bathrooms, and 1,077 square feet of living area. Individual residences include covered front porches, enclosed patio areas, assigned covered parking, separate laundry rooms, and private storage. Interior features include vinyl flooring, ceiling fans, window treatments, central heating and cooling, and kitchens equipped with appliances including ranges, refrigerators, dishwashers, disposals, washers, and dryers. Stucco construction and a composition shingle roof complete the improvements.
The property is located in Pahrump, Nevada, near restaurants, shopping, and highway access. It has no HOA and is served by public water and public sewer. Additional site features include a private yard and patio areas.
The property is located in Pahrump, Nevada, near restaurants, shopping, and highway access. It has no HOA and is served by public water and public sewer. Additional site features include a private yard and patio areas.
Key Highlights
- Four units, each with 3 bedrooms, 2 bathrooms, and 1,077 square feet
- All four residences are currently rented
- Covered front porches, enclosed patio areas, and assigned covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,305
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$766,100
$766.1K
Cap Rate 7%
$547,214
$547.2K
Cap Rate 9%
$425,611
$425.6K
Market Conditions
NOI Build-Up for 4,310 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.4K $13.56/SF
− Vacancy
−$3.7K −$0.86/SF
EGI
$54.7K $12.70/SF
− OpEx
−$16.4K −$3.81/SF
NOI
$38.3K $8.89/SF
Area
Nye County, NV
Vacancy
6.37%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$766,100
Cap Rate 7%
$547,214
Cap Rate 9%
$425,611
Alternative Uses
Best Use
Multifamily LT 5
$547.2K
$478.8K – $638.4K
NOI $38,305 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$504.2K
$441.2K – $588.3K
NOI $35,295 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,869 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 89048, NV
25,166
Population
11,571
Households
2.2
Avg Household Size
54
Median Age
13%
College-Educated
87%
High-School Grad
86.0 sq mi
ZIP Area
293
Density / Sq Mi
$55,747
Median Household Income
$35,405
Median Earnings
$1,162
Median Rent
$292,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences offer private patios, covered porches, assigned parking, and separate laundry and storage areas.
Where is this quadplex located?
The property is located at 1444 Star Road Pahrump, NV.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms, 2 bathrooms, and 1,077 square feet; All four residences are currently rented; Covered front porches, enclosed patio areas, and assigned covered parking
