Updated
For Sale
$649,999
2081 S Dandelion St, Pahrump, NV 89048
Four residences offer a mix of one-, two-, and three-bedroom layouts with contemporary interior finishes.
Property Size3,008 SF
Days on Market10
Property Features for 2081 S Dandelion St
General Information
Standard status
Active
Size
3,008 SF
Property subtype
Multi Family
Occupancy
75%
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,381
Building Details
Building Size
3,008 SF
Year Built
1980
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Access Realty LLC
Listed By:
Sidney M. Johnson · License #S.0180704
(775) 727-2332
Source:
Elliman
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 14 at 11:24PM
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 Access Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1980, this four-unit property combines a range of apartment layouts: one 1-bedroom/1-bath unit, two 2-bedroom/1-bath units, and one 3-bedroom/2-bath unit. Interior updates include stainless steel appliances, granite countertops, vinyl plank flooring, updated fixtures, and modern finishes throughout the units.
Three apartments are occupied by long-term tenants, while the fourth is vacant and being marketed for rent. The property has undergone preventative maintenance, and the unit mix provides options across several bedroom configurations.
Three apartments are occupied by long-term tenants, while the fourth is vacant and being marketed for rent. The property has undergone preventative maintenance, and the unit mix provides options across several bedroom configurations.
Key Highlights
- Four units: one 1‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and one 3‑bedroom/2‑bath
- Three of four units occupied by long‑term tenants; the remaining unit is vacant and being marketed for rent
- Unit interiors feature stainless steel appliances, granite countertops, and vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,733
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,660
$534.7K
Cap Rate 7%
$381,900
$381.9K
Cap Rate 9%
$297,033
$297.0K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$40.8K $13.56/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$38.2K $12.70/SF
− OpEx
−$11.5K −$3.81/SF
NOI
$26.7K $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 Rate 5%
$534,660
Cap Rate 7%
$381,900
Cap Rate 9%
$297,033
Alternative Uses
Best Use
Multifamily LT 5
$381.9K
$334.2K – $445.6K
NOI $26,733 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$351.9K
$307.9K – $410.6K
NOI $24,633 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$955.8K
$836.4K – $1.12M
NOI $66,908 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
301
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer a mix of one-, two-, and three-bedroom layouts with contemporary interior finishes.
Where is this quadplex located?
The property is located at 2081 S Dandelion St Pahrump, NV.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Four units: one 1‑bedroom/1‑bath, two 2‑bedroom/1‑bath, and one 3‑bedroom/2‑bath; Three of four units occupied by long‑term tenants; the remaining unit is vacant and being marketed for rent; Unit interiors feature stainless steel appliances, granite countertops, and vinyl plank flooring
