New Four-Unit Duplex
New
For Sale
$649,900
660 San Lorenzo St, Pahrump, NV 89048
Two duplex buildings offer separately metered utilities and efficient two-bedroom layouts with dedicated laundry areas.
Property Size3,376 SF
Price / SF$192.51
Days on Market2
Property Features for 660 San Lorenzo St
General Information
Standard status
Active
Size
3,376 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
custom cabinets
quartz counters
stainless steel appliances
separate laundry area
ceiling fans
luxury vinyl plank flooring
sidewalk
Building Details
Year Built
2026
Buildings
2
Listing Agency:
Realty ONE Group, Inc
Listed By:
Jill Amsel · License #BS.0063646
(888) 461-0101
Source:
Tmgluxury
Added: Sep 1
Last Checked: Sep 1 at 9:00PM
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 Realty ONE Group, Inc
Investment Insights
Based on property information with market context.
Built in 2026, this residential income property comprises two duplex buildings with four units totaling 3,376 square feet. Each residence provides two bedrooms, two full bathrooms, a separate laundry area, and a practical open living arrangement with ceiling fans in the living room and bedrooms.
Interior finishes include custom cabinetry, quartz countertops, stainless steel appliances, and luxury vinyl plank flooring throughout the units and bedrooms. The appliance package includes a stove, microwave, refrigerator, and dishwasher. Water and power are separately metered for all four units, and a sidewalk leads to the entrance at 660 San Lorenzo St in Pahrump, Nevada.
Interior finishes include custom cabinetry, quartz countertops, stainless steel appliances, and luxury vinyl plank flooring throughout the units and bedrooms. The appliance package includes a stove, microwave, refrigerator, and dishwasher. Water and power are separately metered for all four units, and a sidewalk leads to the entrance at 660 San Lorenzo St in Pahrump, Nevada.
Key Highlights
- Two duplex buildings with four total units
- Built in 2026 with 3,376 square feet
- Each unit includes 2 bedrooms and 2 full baths
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
$30,004
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
4.62%
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%
$600,080
$600.1K
Cap Rate 7%
$428,629
$428.6K
Cap Rate 9%
$333,378
$333.4K
Market Conditions
NOI Build-Up for 3,376 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
$45.8K $13.56/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$42.9K $12.70/SF
− OpEx
−$12.9K −$3.81/SF
NOI
$30.0K $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%
$600,080
Cap Rate 7%
$428,629
Cap Rate 9%
$333,378
Alternative Uses
Best Use
Multifamily LT 5
$428.6K
$375.1K – $500.1K
NOI $30,004 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$394.9K
$345.6K – $460.8K
NOI $27,646 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.07M
$938.7K – $1.25M
NOI $75,094 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
113
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?
Duplex - Two duplex buildings offer separately metered utilities and efficient two-bedroom layouts with dedicated laundry areas.
Where is this duplex located?
The property is located at 660 San Lorenzo St Pahrump, NV.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two duplex buildings with four total units; Built in 2026 with 3,376 square feet; Each unit includes 2 bedrooms and 2 full baths
