Corner-Lot Duplex with
For Sale
$400,000
1170 E Calvada Blvd, Pahrump, NV 89048
Two leased units offer separate garages, appliances, and fenced backyards.
Property Size2,212 SF
Price / SF$180.83
Days on Market52
Property Features for 1170 E Calvada Blvd
General Information
Standard status
Active
Size
2,212 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
mountain views
kitchen and laundry appliances
fully fenced backyards
dedicated laundry room
private patio
pellet stove
landscaped front yard
owned solar
Building Details
Year Built
1994
Listing Agency:
775 Realty
(775) 727-1961
Listed By:
Marci R. Wells (775) 910-1423 · License #BS.0144996
Source:
Greenvalleyhomefinder
Added: Jul 8
Changed: Aug 28
Last Checked: Aug 28 at 12:23PM
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 775 Realty
Investment Insights
Based on property information with market context.
Built in 1994, this 2,212-square-foot duplex contains two separately leased residences. One unit provides 2 bedrooms, 2 bathrooms, a 2-car garage, and a dedicated laundry room. The second includes 2 bedrooms, 1 bathroom, and a 1-car garage. Both residences are furnished with kitchen and laundry appliances and have fully fenced backyards. Additional features include a private patio and pellet stove in one unit, along with a landscaped front yard.
The property occupies a corner lot at 1170 E Calvada Blvd in Pahrump, with views toward Mt. Charleston. Schools, shopping, and other amenities are located nearby. Owned solar equipment is included and will be paid in full at closing.
The property occupies a corner lot at 1170 E Calvada Blvd in Pahrump, with views toward Mt. Charleston. Schools, shopping, and other amenities are located nearby. Owned solar equipment is included and will be paid in full at closing.
Key Highlights
- 2,212 SF duplex built in 1994
- Two leased units: one 2 bed/2 bath and one 2 bed/1 bath
- Separate garages with 2‑car and 1‑car capacity
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
$19,659
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
4.91%
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%
$393,180
$393.2K
Cap Rate 7%
$280,843
$280.8K
Cap Rate 9%
$218,433
$218.4K
Market Conditions
NOI Build-Up for 2,212 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
$30.0K $13.56/SF
− Vacancy
−$1.9K −$0.86/SF
EGI
$28.1K $12.70/SF
− OpEx
−$8.4K −$3.81/SF
NOI
$19.7K $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%
$393,180
Cap Rate 7%
$280,843
Cap Rate 9%
$218,433
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.7K
NOI $19,659 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$258.8K
$226.4K – $301.9K
NOI $18,114 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$702.9K
$615.0K – $820.1K
NOI $49,203 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
205
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?
Duplex - Two leased units offer separate garages, appliances, and fenced backyards.
Where is this duplex located?
The property is located at 1170 E Calvada Blvd Pahrump, NV.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,212 SF duplex built in 1994; Two leased units: one 2 bed/2 bath and one 2 bed/1 bath; Separate garages with 2‑car and 1‑car capacity
