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175 Wonder Street Reno NV 89502 MLS #260005476

175 Wonder Street
Reno, NV, 89502
$899,000
6 Beds
3 Baths
0 SqFt
0.16 Acres
MLS #260005476 image #0
***Seller Financing Available*** This is a rare opportunity to own a cash-flowing multi-unit property in the heart of Midtown Reno. Just moments from Midtown’s restaurants, shops, and downtown—yet tucked on a quiet and well kept residential street. The property features three units tenant occupied. New Roof on main house and garage. New flooring in all units save for upstairs duplex living and bedrooms. New paint. All units are 2 bed / 1 bath. The Main house (Wonder St) is 1,152 sq ft with basement, detached garage, and private yard built in 1942. The Duplex (alley access) built 1977, Is a two story, identical units, 720 sq ft each, offering functional layouts and strong rental demand. All units are currently rented, providing immediate income with additional upside through future rent increases or improvements. Zoned MF30, offering potential for further development of a **4th UNIT** and long-term value growth. Seller financing available with competitive interest rates and down payment terms, creating a unique opportunity for buyers looking to maximize leverage and returns. Ideal for: Investors seeking stable cash flow with flexible financing Owner-occupants looking to offset their mortgage. Buyers targeting Midtown appreciation and future expansion potential. Due to tenant occupancy, Please provide proof of funds/Approval Letter. Allow for 24 hours notice before showing. Please do not disturb tenants during any drive/walk by viewings

Property Details

Price:
$899,000
MLS #:
260005476
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
Income
Subdivision:
Mccormick Addition
Listed Date:
May 2, 2026
Total Sq Ft:
2,592
Lot Size:
7,013 sqft / 0.16 acres (approx)
Year Built:
1977
Units:
3
Mccormick AdditionVeteransVaughnWooster

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Schools

Elementary School:
Veterans
Middle School:
Vaughn
High School:
Wooster

Interior

Appliances
Oven, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Cooling
Evaporative Cooling
Flooring
Carpet, Luxury Vinyl
Heating
Forced Air
Interior Features
Ceiling Fan(s)
Laundry Features
Varies By Unit
Levels
Two

Exterior

Construction Materials
Brick, Frame, Wood Siding
Exterior Features
Balcony, Dog Run, Rain Gutters
Fencing
Back Yard, Full
Lot Features
Level, Sprinklers In Front, Sprinklers In Rear
Other Structures
None
Parking Features
Alley Access, Detached, Garage
Parking Spots
8
Parking Total
8
Roof
Asphalt, Pitched
Security Features
Smoke Detector(s)
Stories
2
Window Features
Aluminum Frames, Blinds, Double Pane Windows, Drapes, Rods, Vinyl Frames

Financial

Net Operating Income
$41,655
Taxes
$1,931

Map

Community

Market Summary

Current real estate data for Multi Family in Reno as of May 04, 2026
18
Multi Family Listed
93
Avg DOM
$841,544
Avg List Price

Property Summary

    Located in the Mccormick Addition subdivision, 175 Wonder Street Reno NV is a Multi Family for sale in Reno, NV, 89502. It is listed for $899,000

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