4-Unit Duplex
For Sale
$615,000
1080 S Jubilee Court, Pahrump, NV 89048
Residential, Pahrump, NV
Property Size1,936 SF
Lot Size0.38 Acres
Price / SF$317.67
Days on Market49
Property Features for 1080 S Jubilee Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Ceiling Fan(s)
Appliances
Dishwasher
Subdivision
Calvada Valley U7
Elementary school
,
Directions
North on HWY 160. Left on Highway 372. At the roundabout take the 3rd exit to Pahrump Valley BLVD. Right on Bourbon st. Right on Jubilee. The two buildings will be just down the way to the left. Look for the sign.
Standard status
Active
APN
39-491-21
Size
1,936 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
3059
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
fenced backyards
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Stucco, Wood Frame
Roof type
Tile
Architectural style
Other
Listing Agency:
Access Realty
(775) 727-2332
Listed By:
Christina M. Cummins · License #S.0194519
(775) 253-0809
Added: Jul 11
Changed: Aug 19
Last Checked: Aug 28 at 6:06PM
MLS# 2798698
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 residential income property consists of two duplex buildings with four total units. Each residence includes 2 bedrooms, 2 bathrooms, and a 1-car garage, with additional open-lot parking shared by the buildings. All units are currently rented, and the property has been managed by Access Realty Property Management for years. Building 1 contains Units A and B and includes appliances, while Building 2 contains Units C and D and provides larger rear patio or yard areas with open mountain views. All backyards are fenced. Unit interiors include central heating and cooling, ceiling fans, dishwashers, carpet, and vinyl flooring. Some residences have received light updates, including flooring and paint, while others retain original finishes.
The property is located at 1080 S Jubilee Court in Pahrump, Nevada, a few blocks from Peaceful Discovery Park. The site occupies 0.379 acres and is served by public water and public sewer. Built in 2001, the buildings feature stucco and wood-frame construction with tile roofs.
The property is located at 1080 S Jubilee Court in Pahrump, Nevada, a few blocks from Peaceful Discovery Park. The site occupies 0.379 acres and is served by public water and public sewer. Built in 2001, the buildings feature stucco and wood-frame construction with tile roofs.
Key Highlights
- Four total multifamily units arranged across two duplex buildings
- Each unit offers 2 bedrooms, 2 bathrooms, and a 1‑car garage
- All units are rented with no vacancy reported
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
$17,206
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
2.80%
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%
$344,120
$344.1K
Cap Rate 7%
$245,800
$245.8K
Cap Rate 9%
$191,178
$191.2K
Market Conditions
NOI Build-Up for 1,936 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
$26.3K $13.56/SF
− Vacancy
−$1.7K −$0.86/SF
EGI
$24.6K $12.70/SF
− OpEx
−$7.4K −$3.81/SF
NOI
$17.2K $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%
$344,120
Cap Rate 7%
$245,800
Cap Rate 9%
$191,178
Alternative Uses
Best Use
Multifamily LT 5
$245.8K
$215.1K – $286.8K
NOI $17,206 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.2K
NOI $15,854 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$615.2K
$538.3K – $717.7K
NOI $43,063 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
248
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?
Duplex - Two buildings contain fully leased residential units with fenced outdoor areas and shared parking.
Where is this duplex located?
The property is located at 1080 S Jubilee Court Pahrump, NV.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Four total multifamily units arranged across two duplex buildings; Each unit offers 2 bedrooms, 2 bathrooms, and a 1‑car garage; All units are rented with no vacancy reported
