Fallon, NV Multifamily Homes & Duplexes for Sale

/29
$485,000
- 2,008 Sq Ft
250 S Taylor St, Fallon, NV 89406

Great location duplex right on Taylor Owner has maintained this property The roof is 5 years old NEW EXERIOR PAINT ! DRIVE BY AND SEE Tenants are great but need 24 hours to show, Leases are available to qualified buyers only, for tenants privacy Please be careful when driving by as this is a busy road with lots of traffic The garage has alley access for both tenants 100% occupancy at

Leslie Beach

RE/MAX Connection

(775) 514-6867

250 S Taylor St, Fallon, NV 89406
/24
$555,000
- 2,850 Sq Ft
4300 Reno Hwy, Fallon, NV 89406

4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6% CAP rate, this property provides solid in-place cash flow and minimal deferred maintenance—ideal for investors seeking a low-maintenance, income-producing asset.Each of the three townhome-style units features a 2-bedroom, 1-bath layout with

Donal Minihan RE/MAX Professionals-Reno

4300 Reno Hwy, Fallon, NV 89406
/15
$405,000
- 1,776 Sq Ft
360 & 360 1/2 W Virginia St, Fallon, NV 89406

Take a look at this great investment property, 2 separate unit on one parcel. It also has a sharable shed for tenant storage. It is tenant occupied with month-to-month leases paying $1200 per month each.

Tami Baca Cardin Realty Pros

360 & 360 1/2 W Virginia St, Fallon, NV 89406
/5
$415,000
- 3,050 Sq Ft
125 N Broadway St, Fallon, NV 89406

Rare chance to own two homes on one parcel in a prime location in Fallon, NV. This unique property includes 155 E A Street, 3-bedroom, 1-bathroom, 1,052 sq ft and 125 N Broadway, 2-bedroom, 1-bathroom, 856 sq ft.

Daniel Doty Doty Realty LLC

125 N Broadway St, Fallon, NV 89406
/33
$385,500
- 3,119 Sq Ft
510 Churchill St, Fallon, NV 89406

Wonderful investment property! Includes three separate houses on one parcel - one of which is tenant occupied with a month to month lease at $1200/mo. The second house has been newly remodeled to include plumbing, new flooring, interior paint, cabinets/countertops, new windows, etc. Smaller back house located in the alley is being sold as is and has not had any recent renovations. All three

Lauren Vogel Rogne Realty, LTD.

510 Churchill St, Fallon, NV 89406
/15
$409,900
- 3,432 Sq Ft
4904 Saint Clair Rd, Fallon, NV 89406

PLEASE THOROUGHLY READ ALL REMARKS!! Home #1: 744 sq ft built in 1926, completely remodeled in January 2024. 2 bed 1 bath, detached garage, carport, pumphouse/storage shed. New plumbing, windows, sheetrock, flooring, fixtures, mini split, granite counter tops in kitchen and bathroom, tile surround in tub/shower, enclosed porch. Seller is in the process of doing a boundary line adjustment with

Mitzi Corkill Berney Realty, LTD

4904 Saint Clair Rd, Fallon, NV 89406

Nevada Fallon

Why Live in Fallon

Fallon, Nevada, is a small city with a rich Old West heritage and a strong military presence. The Spanish Revival-style courthouse and historic movie theater on Maine Street contribute to its quintessential Western charm. Fallon is home to Naval Air Station Fallon, located 6 miles southeast of downtown, which houses the Navy Fighter Weapons School (TOPGUN) and is the city’s largest employer. The community is primarily composed of military personnel, agricultural workers, and retirees. Housing in Fallon ranges from ranch-style homes built during World War II to newer developments featuring stucco walls and New Traditional influences. The city faces challenges in expanding due to its agricultural land. Fallon’s downtown, particularly Maine Street, is recognized for its historical significance and offers a variety of dining options, including Mexican, Chinese, Indian, and American Western cuisine, along with shopping amenities like Walmart and Safeway. Churchill County Regional Park serves as the main recreational area, hosting events such as the Fallon Cantaloupe Festival & County Fair and the Fastest Gun Alive championship. The Churchill County School District, highly rated for its athletic programs, provides education through three elementary schools, one middle school, and one high school, which includes a Naval Junior ROTC program. Fallon is safer than the national average, though it experiences extreme desert temperatures. U.S. Route 50, known as “The Loneliest Road in America,” and Interstate 80 offer routes to nearby cities, including Reno, which is an hour away.

Learn more about living in Fallon

Home Trends in Fallon, NV

On average, homes in Fallon, NV sell after 47 days on the market compared to the national average of 70 days. The median sale price for homes in Fallon, NV over the last 12 months is $430,000, up 9% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$430,000

Median Single Family Sale Price

$436,500

Average Price Per Sq Ft

$280

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.50

Median List Price

$429,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Fallon, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $385,500 to $555,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Fallon is $429,900, while the average sale price is $449,124, offering insights into the local housing market. On average, multi-family homes spend 47 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Fallon, NV.

Fallon Types of Homes for Sale

More About Living in Fallon

Homes in Nearby Counties

Churchill County Homes for Sale

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