Four-Unit
For Sale
$615,000
1080 South Jubilee Ct, Pahrump, NV 89048
Fully occupied quadplex with two-bedroom layouts, private garages, fenced outdoor areas, and shared parking.
Property Size1,936 SF
Price / SF$317.67
Days on Market78
Property Features for 1080 South Jubilee Ct
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
2001
Buildings
2
Listing Agency:
Access Realty
Listed By:
Christina M. Cummins · License #S.0194519
(775) 253-0809
Source:
Cameronhardygroup
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 12 at 9:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Access Realty
Investment Insights
Based on property information with market context.
This quadplex comprises four rental units arranged across two duplex buildings. Each residence offers two bedrooms, two bathrooms, and a one-car garage, with appliances included in Units A and B. Units A and B measure approximately 968 sq ft each, while Units C and D measure approximately 1149 sq ft each. Fenced outdoor areas accompany both buildings, with the second building offering a larger patio or yard area and open mountain views.
All four units are currently rented, and the property has been managed by Access Realty Property Management for years. The buildings share a parking lot that accommodates up to two additional vehicles per resident. Built in 2001, the property is located at 1080 South Jubilee Ct in Pahrump, a few blocks from Peaceful Discovery Park, which features walking paths, ponds, mature trees, and a free library with bulletin board.
All four units are currently rented, and the property has been managed by Access Realty Property Management for years. The buildings share a parking lot that accommodates up to two additional vehicles per resident. Built in 2001, the property is located at 1080 South Jubilee Ct in Pahrump, a few blocks from Peaceful Discovery Park, which features walking paths, ponds, mature trees, and a free library with bulletin board.
Key Highlights
- Four 2‑bedroom, 2‑bathroom units with 1‑car garages
- All units rented with no vacancy
- Units A and B are approximately 968 sq ft each; Units C and D are approximately 1149 sq ft each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,206
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex with two-bedroom layouts, private garages, fenced outdoor areas, and shared parking.
Where is this quadplex located?
The property is located at 1080 South Jubilee Ct 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 2‑bedroom, 2‑bathroom units with 1‑car garages; All units rented with no vacancy; Units A and B are approximately 968 sq ft each; Units C and D are approximately 1149 sq ft each
