Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!
Property Details
Price:
$799,000
MLS #:
250005215
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Listed Date:
Apr 22, 2025
Total Sq Ft:
2,165
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1992
Units:
4
See this Listing
Schools
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
Interior
Appliances
Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
Cooling
Wall/ Window Unit(s)
Flooring
Carpet, Ceramic Tile, Laminate, Vinyl
Heating
Forced Air, Natural Gas
Laundry Features
Common Area
Exterior
Construction Materials
Frame, Wood Siding
Parking Spots
6
Roof
Composition, Shingle
Security Features
Smoke Detector(s)
Financial
Taxes
$2,002
Map
Community
Market Summary
Current real estate data for Multi Family in Reno as of Aug 11, 2025
41
Multi Family Listed
94
Avg DOM
392
Avg $ / SqFt
$913,171
Avg List Price
Property Summary
- 650 Elko Avenue Reno NV is a Multi Family for sale in Reno, NV, 89512. It is listed for $799,000
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Courtesy of RE/MAX Gold. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Northern Nevada Regional MLS. All rights reserved. 650 Elko Avenue
Reno, NV
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