Duplex with Private
New
For Sale
$349,000
1851 Sycamore Avenue, Pahrump, NV 89048
Residential, Pahrump, NV
Property Size1,912 SF
Lot Size0.23 Acres
Price / SF$182.53
Days on Market3
Property Features for 1851 Sycamore Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Garage
Appliances
Dryer, Electric Water Heater, Refrigerator, Washer
Subdivision
Calvada Valley U7
Elementary school
,
Directions
From Highway 160, head west on E Calvada Boulevard. Turn right onto S Sycamore Avenue. Property is the second on the right at 1851 S Sycamore Avenue.
Standard status
Active
APN
38-681-12
Size
1,912 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1554
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1991
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Wood Frame
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Congress Realty
(888) 881-4118
Listed By:
Jared A. English · License #B.1001537
(866) 599-5601
Added: Sep 29
Last Checked: Oct 1 at 11:06PM
MLS# 2822649
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 1,912-square-foot duplex in Pahrump contains two residences, each with a single-car garage and its own yard. Built in 1991, the wood-frame property has tile flooring, central heating and air conditioning, and a composition shingle roof. Public water and sewer serve the property; appliances include a washer, dryer, refrigerator, and electric water heater.
The property occupies a 0.234-acre lot at 1851 Sycamore Avenue, with shopping and dining nearby.
The property occupies a 0.234-acre lot at 1851 Sycamore Avenue, with shopping and dining nearby.
Key Highlights
- 1,912 square feet of building area
- 0.234‑acre lot
- Two residences, each with a single‑car garage and yard
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
$16,993
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
4.87%
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%
$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
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
$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 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%
$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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Open Analytics
Current Use
Lease Details
2
Residential units
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
View Realmo Analytics
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 - Each residence has its own yard, along with central heating and air conditioning.
Where is this duplex located?
The property is located at 1851 Sycamore Avenue 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: 1,912 square feet of building area; 0.234‑acre lot; Two residences, each with a single‑car garage and yard
