Fourplex with Covered
For Sale
$675,000
1444 Star Rd, Pahrump, NV 89048
Fully rented multifamily property with mountain views, individual laundry rooms, and dedicated storage for every residence.
Property Size4,310 SF
Price / SF$156.61
Days on Market17
Property Features for 1444 Star Rd
General Information
Standard status
Active
Size
4,310 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
covered front porches
blocked-in patio areas
separate laundry rooms
individual storage areas
Building Details
Year Built
1998
Buildings
1
Listing Agency:
Keller Williams VIP
(702) 503-9104
Listed By:
Lisa Shahin · License #BS.0146790
Source:
Tmgluxury
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 2:58PM
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 Keller Williams VIP
Investment Insights
Based on property information with market context.
This 1998-built quadplex contains four residences, each offering three bedrooms, two bathrooms, and 1,077 square feet of living space. The property is fully rented and includes covered front porches, enclosed patio areas, assigned covered parking, separate laundry rooms, and individual storage areas for each unit. No HOA applies to the property.
Located at 1444 Star Rd in Pahrump, Nevada, the fourplex is situated minutes from restaurants, shopping, and highway access. Mountain views add to the setting, while the unit layouts and individually assigned amenities provide consistent features across the property.
The property size is 4,310 square feet, and the four-unit configuration provides a straightforward multifamily asset with established occupancy.
Located at 1444 Star Rd in Pahrump, Nevada, the fourplex is situated minutes from restaurants, shopping, and highway access. Mountain views add to the setting, while the unit layouts and individually assigned amenities provide consistent features across the property.
The property size is 4,310 square feet, and the four-unit configuration provides a straightforward multifamily asset with established occupancy.
Key Highlights
- Four units, each with 3 bedrooms, 2 bathrooms, and 1,077 square feet
- Fully rented quadplex at 1444 Star Rd, Pahrump, NV 89048
- 1998‑built property with 4,310 square feet of property size
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
$38,305
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
5.67%
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%
$766,100
$766.1K
Cap Rate 7%
$547,214
$547.2K
Cap Rate 9%
$425,611
$425.6K
Market Conditions
NOI Build-Up for 4,310 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
$58.4K $13.56/SF
− Vacancy
−$3.7K −$0.86/SF
EGI
$54.7K $12.70/SF
− OpEx
−$16.4K −$3.81/SF
NOI
$38.3K $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%
$766,100
Cap Rate 7%
$547,214
Cap Rate 9%
$425,611
Alternative Uses
Best Use
Multifamily LT 5
$547.2K
$478.8K – $638.4K
NOI $38,305 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$504.2K
$441.2K – $588.3K
NOI $35,295 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,869 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
62
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?
Quadplex - Fully rented multifamily property with mountain views, individual laundry rooms, and dedicated storage for every residence.
Where is this quadplex located?
The property is located at 1444 Star Rd Pahrump, NV.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms, 2 bathrooms, and 1,077 square feet; Fully rented quadplex at 1444 Star Rd, Pahrump, NV 89048; 1998‑built property with 4,310 square feet of property size
