Maximize Your Investment at 506 Modoc Ave, Reno, NV 89509
Welcome to 506 Modoc Ave, an exceptional tri-plex offering an outstanding investment opportunity in the heart of Reno. This property combines charm, modern amenities, and significant potential for growth, ideal for both investors and homeowners.
Property Highlights:
• Well-Proportioned Units: Each unit averages 760 sq ft of living space, providing ample room for comfort and functionality.
• Strong Rental Potential: The two larger units should command 2,300permontheach, while the smaller unit should be 1,200 per month. Currently, the rents far below market have not seen vacancies in more than 5 years…
• Extensive Upgrades: The seller has invested significantly in upgrades over the years, ensuring no detail has been overlooked. Key improvements include:
• New Sewer Line: Replaced in 2012, providing peace of mind and reducing future maintenance concerns.
• New Water Lines: Installed to enhance plumbing reliability and efficiency.
• Private Outdoor Spaces: Each unit features large, private fenced front and rear yards—ideal for entertaining, relaxing, or enjoying a garden retreat.
• Charming Interiors: Each unit showcases delightful interior finishes, providing a warm and inviting atmosphere for residents.
• Durable Stone Exterior: The property boasts a beautiful stone exterior, combining visual appeal with low maintenance needs.
• Ample Parking: Each of the larger units includes 2 dedicated parking spaces (one garage and one driveway), while the smaller unit has 1 off-street parking space; plus, there’s plentiful street parking available on this desirable corner lot.
Prime Location:
• Convenience at Your Fingertips: Located just minutes from downtown Reno, offering easy access to a variety of dining, shopping, and entertainment options.
• Recreational Opportunities: Enjoy nearby parks and outdoor activities, perfect for residents who love an active lifestyle.
• Community Vibe: Experience the charm of a peaceful neighborhood, making it an attractive option for families and tenants alike.
Why Invest Now?
With rents well below market rates, this tri-plex presents a golden opportunity for significant income growth. The combination of beautiful units, prime location, and inviting outdoor spaces makes 506 Modoc Ave a sound addition to your real estate portfolio.
Act Fast!
This exceptional investment won’t last long. Contact us today to and explore the remarkable potential awaiting you at 506 Modoc Ave Reno NV 89509
******PLEASE DO NOT DISTURB THE OCCUPANTS******
Welcome to 506 Modoc Ave, an exceptional tri-plex offering an outstanding investment opportunity in the heart of Reno. This property combines charm, modern amenities, and significant potential for growth, ideal for both investors and homeowners.
Property Highlights:
• Well-Proportioned Units: Each unit averages 760 sq ft of living space, providing ample room for comfort and functionality.
• Strong Rental Potential: The two larger units should command 2,300permontheach, while the smaller unit should be 1,200 per month. Currently, the rents far below market have not seen vacancies in more than 5 years…
• Extensive Upgrades: The seller has invested significantly in upgrades over the years, ensuring no detail has been overlooked. Key improvements include:
• New Sewer Line: Replaced in 2012, providing peace of mind and reducing future maintenance concerns.
• New Water Lines: Installed to enhance plumbing reliability and efficiency.
• Private Outdoor Spaces: Each unit features large, private fenced front and rear yards—ideal for entertaining, relaxing, or enjoying a garden retreat.
• Charming Interiors: Each unit showcases delightful interior finishes, providing a warm and inviting atmosphere for residents.
• Durable Stone Exterior: The property boasts a beautiful stone exterior, combining visual appeal with low maintenance needs.
• Ample Parking: Each of the larger units includes 2 dedicated parking spaces (one garage and one driveway), while the smaller unit has 1 off-street parking space; plus, there’s plentiful street parking available on this desirable corner lot.
Prime Location:
• Convenience at Your Fingertips: Located just minutes from downtown Reno, offering easy access to a variety of dining, shopping, and entertainment options.
• Recreational Opportunities: Enjoy nearby parks and outdoor activities, perfect for residents who love an active lifestyle.
• Community Vibe: Experience the charm of a peaceful neighborhood, making it an attractive option for families and tenants alike.
Why Invest Now?
With rents well below market rates, this tri-plex presents a golden opportunity for significant income growth. The combination of beautiful units, prime location, and inviting outdoor spaces makes 506 Modoc Ave a sound addition to your real estate portfolio.
Act Fast!
This exceptional investment won’t last long. Contact us today to and explore the remarkable potential awaiting you at 506 Modoc Ave Reno NV 89509
******PLEASE DO NOT DISTURB THE OCCUPANTS******
Property Details
Price:
$895,000
MLS #:
250053312
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Hamlin
Listed Date:
Jul 19, 2025
Total Sq Ft:
2,258
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1937
Units:
3
See this Listing
Schools
Elementary School:
Mt. Rose
Middle School:
Swope
High School:
Reno
Interior
Appliances
Disposal, Electric Oven, Electric Range, Refrigerator, Washer
Cooling
Wall/ Window Unit(s), Varies By Unit
Fireplaces Total
1
Flooring
Carpet, Tile, Varies, Vinyl, Wood
Heating
Forced Air, Natural Gas
Laundry Features
In Unit, Washer Hookup, Varies By Unit
Exterior
Construction Materials
Cedar, Stone, Stone Veneer
Exterior Features
Awning(s), Rain Gutters
Other Structures
None
Parking Features
Assigned, Detached, Garage, Parking Pad, Varies by Unit
Parking Spots
5
Roof
Composition, Pitched
Security Features
Smoke Detector(s)
Financial
Taxes
$1,596
Map
Community
- Address506 Modoc Street Reno NV
- SubdivisionHamlin
- CityReno
- CountyWashoe
- Zip Code89509
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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
- Located in the Hamlin subdivision, 506 Modoc Street Reno NV is a Multi Family for sale in Reno, NV, 89509. It is listed for $895,000
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Courtesy of Greathouse Real Estate. 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. 506 Modoc Street
Reno, NV
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