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462 Laurel Street Reno NV 89512 MLS #250000365

462 Laurel Street
Reno, NV, 89512
$1,050,000
Beds
0 Baths
0 SqFt
0.16 Acres
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Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history., The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.

Property Details

Price:
$1,050,000
MLS #:
250000365
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Edmonds
Listed Date:
Jan 10, 2025
Total Sq Ft:
3,340
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1918
Units:
3
EdmondsLemelson Stem AcademyTranerHug

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Schools

Elementary School:
Lemelson Stem Academy
Middle School:
Traner
High School:
Hug

Interior

Appliances
Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Flooring
Carpet, Concrete, Laminate
Heating
Forced Air, Natural Gas
Laundry Features
In Kitchen, In Unit

Exterior

Construction Materials
Frame, Stucco
Parking Features
Alley Access, Assigned
Parking Spots
3
Roof
Flat
Security Features
Smoke Detector(s)

Financial

Net Operating Income
$30,510
Taxes
$3,305

Map

Community

Market Summary

Current real estate data for Multi Family in Reno as of Aug 03, 2025
39
Multi Family Listed
91
Avg DOM
392
Avg $ / SqFt
$905,513
Avg List Price

Property Summary

    Located in the Edmonds subdivision, 462 Laurel Street Reno NV is a Multi Family for sale in Reno, NV, 89512. It is listed for $1,050,000

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