Pahrump Multifamily Property For
1191 Fourth Street Pahrump, NV 89048
1191 Fourth Street, Pahrump, NV, 89048
$400,000
For Sale
$400,000
MULTI_FAMILY - Other - Pahrump, NV
Property Size1,612 SF
Lot Size1.60 Acres
Price / SF$248.14
Days on Market133
Property Features for 1191 Fourth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 35-305-02
- Size
- 1,612 SF
- Lot size
- 1.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 769
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating)
- Water source
- Private, Well
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Tile
- Architectural style
- Other
Listing Agency
Nevada Realty
(775) 727-1818
1771 S Hwy 160, Pahrump, NV
Listed by
Sarah Chapman · License #S.0190718
(702) 327-8170
Added: Mar 6 Checked: Jul 17 at 5:06 pm
MLS# 2762278
Listing URL
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 multifamily property is located in Pahrump, Nevada. The property has a building size of 1612 square feet and is situated on a 1.6-acre lot.
Key Highlights
- Well water source
- Septic tank sewer system
- Stucco construction material
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $13.56 |
| − Vacancy | −$1.4k | −$0.86 |
| EGI | $20.5k | $12.70 |
| − OpEx | −$6.1k | −$3.81 |
| NOI | $14.3k | $8.89 |
1,612 SF · lease $13.56/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.7K
$179.1K – $238.8K
NOI $14,326 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$188.6K
$165.0K – $220.0K
NOI $13,201 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$512.2K
$448.2K – $597.6K
NOI $35,857 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property in Pahrump, Nevada, featuring 1.6 acres.
Where is this duplex located?
The property is located at 1191 Fourth Street 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: Well water source; Septic tank sewer system; Stucco construction material
