Multifamily Property With Ancillary
1130 N Leslie St, Pahrump, NV 89060
For Sale
$595,000
Residential units, manufactured homes, metal buildings, and RV hookups are served by private well and septic systems.
Property Size2,272 SF
Lot Size2.00 Acres
Price / SF$261.88
Days on Market56
Property Features for 1130 N Leslie St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Unit Mix
Amenities
RV hookups
Building Details
Year Built
Listing Agency:
Realty One Group, Inc
(702) 683-6563
Listed By:
Jill Amsel · License #BS.0063646
(623) 404-0110
Source:
Totalvegasrealestate
Added: Sep 13
Changed: Nov 6
Last Checked: Nov 6 at 8:02AM
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 Realty One Group, Inc
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Investment Insights
Based on property information with market context.
This multifamily property includes a duplex, a one-bedroom, one-bath apartment, and three manufactured homes. Additional improvements include a 3,600-square-foot multi-bay metal building, a separate 2,000-square-foot metal building, and six RV hookups. The residential units have been used for occupancy, while the metal buildings have not been used for business operations. Water and wastewater service are provided by a private well and septic system.
The property is located at 1130 N Leslie St in Pahrump, with access to a main cross street and a commuter route toward the town center. The improvements date to 1996, and the site includes multiple existing structures with additional expansion possibilities noted in the property information.
The property is located at 1130 N Leslie St in Pahrump, with access to a main cross street and a commuter route toward the town center. The improvements date to 1996, and the site includes multiple existing structures with additional expansion possibilities noted in the property information.
Key Highlights
- Duplex, one‑bedroom apartment, and 3 manufactured homes
- 3,600‑square‑foot multi‑bay metal building
- Separate 2,000‑square‑foot metal building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,192
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,840
$403.8K
Cap Rate 7%
$288,457
$288.5K
Cap Rate 9%
$224,356
$224.4K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$30.8K $13.56/SF
− Vacancy
−$2.0K −$0.86/SF
EGI
$28.8K $12.70/SF
− OpEx
−$8.7K −$3.81/SF
NOI
$20.2K $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%
$403,840
Cap Rate 7%
$288,457
Cap Rate 9%
$224,356
Alternative Uses
Best Use
Multifamily LT 5
$288.5K
$252.4K – $336.5K
NOI $20,192 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,605 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$722.0K
$631.7K – $842.3K
NOI $50,537 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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Business Placement
Demographics for 89060, NV
11,857
Population
5,722
Households
2.1
Avg Household Size
53
Median Age
11%
College-Educated
84%
High-School Grad
449.4 sq mi
ZIP Area
26
Density / Sq Mi
$49,008
Median Household Income
$38,807
Median Earnings
$919
Median Rent
$232,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Pahrump, NV
Properties on Market for Multifamily properties in Pahrump
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units, manufactured homes, metal buildings, and RV hookups are served by private well and septic systems.
Where is this multifamily property located?
The property is located at 1130 N Leslie St Pahrump, NV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex, one‑bedroom apartment, and 3 manufactured homes; 3,600‑square‑foot multi‑bay metal building; Separate 2,000‑square‑foot metal building
