The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.
Property Details
Price:
$799,000
MLS #:
260007314
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Southside
Listed Date:
Jun 9, 2026
Total Sq Ft:
2,288
Lot Size:
8,886 sqft / 0.20 acres (approx)
Year Built:
1954
Units:
4
See this Listing
Schools
Elementary School:
Veterans
Middle School:
Vaughn
High School:
Wooster
Interior
Appliances
Oven, Dishwasher, Gas Range, Refrigerator
Flooring
Luxury Vinyl
Heating
Wall Furnace
Laundry Features
None
Levels
One
Exterior
Construction Materials
Asbestos, Wood Siding
Exterior Features
None
Fencing
Partial
Lot Features
Level
Other Structures
None
Parking Features
Common
Parking Spots
4
Parking Total
4
Roof
Composition, Pitched
Security Features
Smoke Detector(s)
Spa Features
None
Stories
1
Window Features
Double Pane Windows, Vinyl Frames
Financial
Taxes
$1,306
Map
Community
- Address468 Capitol Hill Avenue Reno NV
- SubdivisionSouthside
- CityReno
- CountyWashoe
- Zip Code89502
Market Summary
Current real estate data for Multi Family in Reno as of Sep 25, 2026
23
Multi Family Listed
106
Avg DOM
$901,363
Avg List Price
Property Summary
- Located in the Southside subdivision, 468 Capitol Hill Avenue Reno NV is a Multi Family for sale in Reno, NV, 89502. 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 2026. Northern Nevada Regional MLS. All rights reserved. 468 Capitol Hill Avenue
Reno, NV