4-Unit Residential Property with
1101 Potro Avenue, Pahrump, NV 89048
For Sale
$769,900
Residential, Pahrump, NV
Property Size4,884 SF
Lot Size0.37 Acres
Price / SF$157.64
Days on Market50
Property Features for 1101 Potro Avenue
General Information
Property type
Property subtype
Window features
Interior features
Appliances
Subdivision
Elementary school
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer/dryer
refrigerators
fenced back yard
attached garages
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Advantage · RE/MAX International
(702) 228-3200
Listed By:
Leslie North · License NV S.0045313
(702) 860-5412
Added: Sep 25
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 2821998
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 4,884 square feet on a 0.372-acre parcel. Each unit offers three bedrooms, 2.5 baths, and an attached two-car garage, along with a washer and dryer and a refrigerator. Fenced backyards and low-maintenance exterior materials serve all four residences. Three units have updated kitchens and laminate flooring.
Power and water are separately metered for each unit. The property was built in 1999 and has central electric heat and central air conditioning. Public water and sewer serve the property.
Power and water are separately metered for each unit. The property was built in 1999 and has central electric heat and central air conditioning. Public water and sewer serve the property.
Key Highlights
- Four units, each with three bedrooms and 2.5 baths
- Each residence has an attached two‑car garage and fenced backyard
- 4,884 square feet on 0.372 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,406
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,120
$868.1K
Cap Rate 7%
$620,086
$620.1K
Cap Rate 9%
$482,289
$482.3K
Market Conditions
NOI Build-Up for 4,884 SF
Gross rent
$66.2K $13.56/SF
− Vacancy
−$4.2K −$0.86/SF
EGI
$62.0K $12.70/SF
− OpEx
−$18.6K −$3.81/SF
NOI
$43.4K $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%
$868,120
Cap Rate 7%
$620,086
Cap Rate 9%
$482,289
Alternative Uses
Best Use
Multifamily LT 5
$620.1K
$542.6K – $723.4K
NOI $43,406 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$571.4K
$499.9K – $666.6K
NOI $39,995 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,637 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
143
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
$292,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Pahrump, NV
Properties on Market for Quadplexes in Pahrump
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes private outdoor space, in-unit laundry, and separately metered power and water.
Where is this quadplex located?
The property is located at 1101 Potro Avenue Pahrump, NV.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Four units, each with three bedrooms and 2.5 baths; Each residence has an attached two‑car garage and fenced backyard; 4,884 square feet on 0.372 acres
