Duplex Property with
New
For Sale
$595,000
1130 N Leslie Street, Pahrump, NV 89060
Residential, Pahrump, NV
Property Size2,272 SF
Lot Size2.05 Acres
Price / SF$261.88
Days on Market1
Property Features for 1130 N Leslie Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Window features
Blinds
Interior features
Ceiling Fan(s), Window Treatments
Appliances
Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Refrigerator, Range Hood
Elementary school
,
Directions
North Highway 160, Left on Irene, Right on Leslie, Property on Right
Standard status
Active
APN
36-011-56
Size
2,272 SF
Lot size
2.05 Acres
Taxes and HOA fees
Tax Annual Amount
2892
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central, Natural Gas
Cooling system
Evaporative Cooling, Central Air
Water source
Well, Private
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Stucco, Wood Siding
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
(702) 898-1010
Listed By:
Jill Amsel · License #BS.0063646
(702) 683-6563
Added: Sep 11
Last Checked: Sep 11 at 11:06PM
MLS# 2818050
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.
Set on 2.05 acres, this duplex property includes a 1-bedroom, 1-bath apartment, three manufactured homes, and a 3,600-square-foot multi-bay metal building. A second metal building adds 2,000 square feet, while six RV hookups expand the property's existing utility. The residential units have been rented for residential and private use, and the metal buildings have not been used for businesses.
The property is served by a private well and septic tank and was built in 1996. Neighborhood Commercial zoning is in place, and the parcel sits on a main cross street with a commuter route to the center of town. Additional improvements include central air, evaporative cooling, electric and natural-gas heating, tile and carpet flooring, and stucco and wood siding.
The property is served by a private well and septic tank and was built in 1996. Neighborhood Commercial zoning is in place, and the parcel sits on a main cross street with a commuter route to the center of town. Additional improvements include central air, evaporative cooling, electric and natural-gas heating, tile and carpet flooring, and stucco and wood siding.
Key Highlights
- 2.05‑acre parcel with Neighborhood Commercial zoning
- Duplex plus 1‑bedroom, 1‑bath apartment and 3 manufactured homes
- 3,600‑square‑foot multi‑bay metal building
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
$20,192
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
3.39%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Neighborhood Commercial-zoned property with multiple residential units, metal buildings, RV hookups, well water, and septic service.
Where is this duplex located?
The property is located at 1130 N Leslie Street 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: 2.05‑acre parcel with Neighborhood Commercial zoning; Duplex plus 1‑bedroom, 1‑bath apartment and 3 manufactured homes; 3,600‑square‑foot multi‑bay metal building
