Triplex on 2.5
For Sale
$485,000
4361 Laute Drive, Pahrump, NV 89061
Residential, Pahrump, NV
Property Size1,856 SF
Lot Size2.50 Acres
Price / SF$261.31
Days on Market270
Property Features for 4361 Laute Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Interior features
Ceiling Fan(s)
Appliances
Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
Subdivision
Fox Hollow
Elementary school
,
Directions
North Hwy 160, Left on Homestead, Left on Turner, Right on Quarter Horse, Left on Kisha, Right on Coyote, Left on Laute, Property on right
Standard status
Active
APN
45-391-12
Size
1,856 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Annual Amount
1588
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Well, Private
Building Details
Year built
1981
Floors in Building
1
Number of units
3
Flooring type
Tile, Wood, Carpet
Building materials
Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Access Realty
(775) 727-2332
Listed By:
Walt W. Turner · License #BS.0146039
(775) 727-2332
Added: Dec 1, 2025
Changed: Aug 19
Last Checked: Aug 28 at 9:06PM
MLS# 2738352
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 triplex property combines a single-family home with a garage and a duplex on a 2.5-acre lot. The property totals 1,856 square feet and is described as fully occupied, with a reported 7.4% gross cap rate. Interior features include ceiling fans.
Built in 1981, the home is constructed with stucco and features a mix of carpet, wood, and tile flooring. Heating is provided by central electric, with central air conditioning. Kitchen and laundry appliances listed include a range, oven, refrigerator, dishwasher, washer, and dryer.
Water service is described as well and private, and wastewater is handled by a septic tank. The roof is noted as shingle and composition.
Built in 1981, the home is constructed with stucco and features a mix of carpet, wood, and tile flooring. Heating is provided by central electric, with central air conditioning. Kitchen and laundry appliances listed include a range, oven, refrigerator, dishwasher, washer, and dryer.
Water service is described as well and private, and wastewater is handled by a septic tank. The roof is noted as shingle and composition.
Key Highlights
- 2.5‑acre lot with a single‑family home with garage plus a duplex for a triplex configuration
- Fully occupied and reported 7.4% gross cap rate
- 1,856 square feet total
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
$16,495
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
3.40%
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%
$329,900
$329.9K
Cap Rate 7%
$235,643
$235.6K
Cap Rate 9%
$183,278
$183.3K
Market Conditions
NOI Build-Up for 1,856 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
$25.2K $13.56/SF
− Vacancy
−$1.6K −$0.86/SF
EGI
$23.6K $12.70/SF
− OpEx
−$7.1K −$3.81/SF
NOI
$16.5K $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%
$329,900
Cap Rate 7%
$235,643
Cap Rate 9%
$183,278
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,495 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$217.1K
$190.0K – $253.3K
NOI $15,199 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 89061, NV
7,891
Population
3,909
Households
2
Avg Household Size
57
Median Age
14%
College-Educated
87%
High-School Grad
64.0 sq mi
ZIP Area
123
Density / Sq Mi
$69,609
Median Household Income
$62,800
Median Earnings
$1,710
Median Rent
$328,400
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?
Triplex - Fully occupied triplex with well and septic system, built 1981, reported 7.4% gross cap rate.
Where is this triplex located?
The property is located at 4361 Laute Drive Pahrump, NV.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2.5‑acre lot with a single‑family home with garage plus a duplex for a triplex configuration; Fully occupied and reported 7.4% gross cap rate; 1,856 square feet total
