Duplex with
New
For Sale
$349,000
1851 Sycamore Ave, Pahrump, NV 89048
Both residences include a private yard and a single-car garage.
Property Size1,912 SF
Price / SF$182.53
Days on Market7
Property Features for 1851 Sycamore Ave
General Information
Standard status
Active
Size
1,912 SF
Property subtype
Multi-Family
Building Details
Year Built
1991
Listing Agency:
Nevada Real Estate Corp
(702) 368-6883
Listed By:
Contact Buyer's Agent
(702) 718-3878
Source:
Allhomeslasvegas
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 7:10PM
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 Nevada Real Estate Corp
Investment Insights
Based on property information with market context.
Built in 1991, this Pahrump duplex contains 1,912 square feet across two units. Each residence has a single-car garage and its own yard. One unit is occupied by the owner, while the other currently produces rental income.
Shopping and dining are nearby, and the property is in Pahrump, Nevada, with a commute to Las Vegas noted in the property information.
Shopping and dining are nearby, and the property is in Pahrump, Nevada, with a commute to Las Vegas noted in the property information.
Key Highlights
- Two‑unit duplex with 1,912 square feet
- Each unit has a single‑car garage and private yard
- Built in 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,993
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,860
$339.9K
Cap Rate 7%
$242,757
$242.8K
Cap Rate 9%
$188,811
$188.8K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$25.9K $13.56/SF
− Vacancy
−$1.7K −$0.86/SF
EGI
$24.3K $12.70/SF
− OpEx
−$7.3K −$3.81/SF
NOI
$17.0K $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 Rate 5%
$339,860
Cap Rate 7%
$242,757
Cap Rate 9%
$188,811
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$223.7K
$195.7K – $261.0K
NOI $15,657 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$607.6K
$531.6K – $708.8K
NOI $42,530 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include a private yard and a single-car garage.
Where is this duplex located?
The property is located at 1851 Sycamore Ave Pahrump, NV.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,912 square feet; Each unit has a single‑car garage and private yard; Built in 1991
