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 Market32
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
(775) 253-0809
Listed By:
Christina M. Cummins · License #S.0194519
Source:
Findavegashouse
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 28 at 1:00PM
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 = 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?
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
