Modern and immaculate duplex built in 2020, fully occupied, with strong rental history at an actual 5 percent cap rate. Each unit comes mostly furnished and is leased through December 2025 and February 2026 by tenants with an intention to stay, ensuring secure income for the next owner. Both units feature private balconies, solar power, and private carport parking with garage door openers. Located in a prime area close to the college and downtown, this property offers excellent future potential as either a long-term rental or Airbnb investment. A rare, turn-key opportunity in a sought-after location. At 442 E 7th Street, you have the flexibility to expand your investment. An excellent option for investors looking to maximize rental income or grow their portfolio in one location.
Property Details
Price:
$725,000
MLS #:
250055789
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Evans Northeast Addition
Listed Date:
Sep 12, 2025
Total Sq Ft:
1,474
Lot Size:
1,394 sqft / 0.03 acres (approx)
Year Built:
2020
Units:
2
See this Listing
Schools
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
Interior
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Microwave, Refrigerator, Smart Appliance(s), Washer
Cooling
Central Air, Refrigerated
Flooring
Carpet, Laminate
Heating
Forced Air, Natural Gas
Laundry Features
In Unit
Exterior
Construction Materials
Frame, Wood Siding
Exterior Features
Balcony
Other Structures
None
Parking Features
Alley Access, Assigned, Attached, Carport, Garage Door Opener
Parking Spots
2
Roof
Asphalt, Composition, Pitched
Security Features
Security Gate, Security System Owned, Smoke Detector(s)
Financial
Taxes
$3,573
Map
Community
- Address442 E 7th Street 1 & 2 Reno NV
- SubdivisionEvans Northeast Addition
- CityReno
- CountyWashoe
- Zip Code89512
Market Summary
Current real estate data for Multi Family in Reno as of Oct 03, 2025
33
Multi Family Listed
98
Avg DOM
$937,115
Avg List Price
Property Summary
- Located in the Evans Northeast Addition subdivision, 442 E 7th Street 1 & 2 Reno NV is a Multi Family for sale in Reno, NV, 89512. It is listed for $725,000
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Courtesy of LPT Realty, LLC. 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. 442 E 7th Street 1 & 2
Reno, NV