Duplex with Owned
For Sale
$400,000
1170 E Calvada Boulevard, Pahrump, NV 89048
Residential, Pahrump, NV
Property Size2,212 SF
Lot Size0.25 Acres
Price / SF$180.83
Days on Market48
Property Features for 1170 E Calvada Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Parking features
Garage
Window features
Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Window Treatments
Exterior features
Private Yard
Appliances
Dryer, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Subdivision
Calvada Valley U7
Elementary school
,
Directions
Hwy 160 to West on Calvada, property is on your right on the northeast corner of Calvada and Pershing.
Special listing conditions
Probate Listing
Standard status
Active
APN
38-672-11
Size
2,212 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
1454
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
owned solar
fenced backyards
laundry room
private patio
pellet stove
landscaped front yard
mountain views
Building Details
Year built
1994
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Stucco, Wood Frame
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
775 Realty
(775) 209-3097
Listed By:
Marci R. Wells · License #BS.0144996
(775) 910-1423
Added: Jul 12
Changed: Aug 21
Last Checked: Aug 28 at 7:06PM
MLS# 2799326
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.
This 2,212-square-foot duplex sits on a 0.25-acre corner lot and contains two separately configured residences. One offers 2 bedrooms, 2 bathrooms, and a 2-car garage; the other includes 2 bedrooms, 1 bathroom, and a 1-car garage. Both units have kitchen and laundry appliances, private fenced backyards, and garage parking. One residence also includes a dedicated laundry room, patio, and pellet stove.
Built in 1994, the property has owned solar, central heating and cooling, vinyl and tile flooring, stucco and wood-frame construction, and a composition shingle roof. Public water and public sewer serve the property. Both units are currently leased, providing existing rental occupancy. The address is 1170 E Calvada Boulevard in Pahrump, Nevada, near schools, shopping, and other amenities.
Built in 1994, the property has owned solar, central heating and cooling, vinyl and tile flooring, stucco and wood-frame construction, and a composition shingle roof. Public water and public sewer serve the property. Both units are currently leased, providing existing rental occupancy. The address is 1170 E Calvada Boulevard in Pahrump, Nevada, near schools, shopping, and other amenities.
Key Highlights
- 2,212‑square‑foot duplex on a 0.25‑acre corner lot
- One 2 bed, 2 bath unit with a 2‑car garage; one 2 bed, 1 bath unit with a 1‑car garage
- Owned solar system
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
196
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 residences share appliances, fenced yards, and separate garages on a corner lot.
Where is this duplex located?
The property is located at 1170 E Calvada Boulevard 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‑square‑foot duplex on a 0.25‑acre corner lot; One 2 bed, 2 bath unit with a 2‑car garage; one 2 bed, 1 bath unit with a 1‑car garage; Owned solar system
