Four-Unit
New
For Sale
$649,900
660 San Lorenzo Street, Pahrump, NV 89048
Residential, Pahrump, NV
Property Size3,376 SF
Lot Size0.40 Acres
Price / SF$192.51
Days on Market1
Property Features for 660 San Lorenzo Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator
Subdivision
Calvada Valley U7
Elementary school
,
Directions
From HWY 160 turn left onto Hwy 372, left on to Red Butte and left onto San Lorenzo.
Standard status
Active
APN
39-631-13
Size
3,376 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
97
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
custom cabinets
quartz counters
stainless steel appliances
separate laundry area
ceiling fans
luxury vinyl plank flooring
sidewalk at entrance
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Realty ONE Group, Inc
(702) 898-1010
Listed By:
Jill Amsel · License #BS.0063646
(702) 683-6563
Added: Aug 28
Last Checked: Aug 28 at 4:06PM
MLS# 2812884
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 quadplex comprises two duplex buildings with four total units on a 0.4-acre lot. Each residence offers 2 bedrooms, 2 full baths, custom cabinetry, quartz countertops, stainless steel appliances, and a dedicated laundry area. Living rooms and bedrooms include ceiling fans, while luxury vinyl plank flooring extends throughout each unit. The buildings feature stucco construction, tile roofs, central heating and cooling, public water, and public sewer.
Water and power are separately metered for every unit. Additional property details include a sidewalk at the entrance, electric heating, central air, and a 2026 year built designation. The property is located in Pahrump, Nevada, within Nye County.
Water and power are separately metered for every unit. Additional property details include a sidewalk at the entrance, electric heating, central air, and a 2026 year built designation. The property is located in Pahrump, Nevada, within Nye County.
Key Highlights
- Four total units across two duplex buildings
- Each unit includes 2 bedrooms and 2 full baths
- 0.4‑acre lot with 3,376 square feet of property size
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
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?
Quadplex - Two duplex buildings provide separately metered utilities and efficient two-bedroom, two-bath unit layouts.
Where is this quadplex located?
The property is located at 660 San Lorenzo Street 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: Four total units across two duplex buildings; Each unit includes 2 bedrooms and 2 full baths; 0.4‑acre lot with 3,376 square feet of property size
