NOT LISTED FOR SALE

1012 Ralston St Unit 1010, 1010 1/2, 1012 Reno, NV 89503

West University Neighborhood

Estimated Value: $610,963

4 Beds
5 Baths
2,038 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $615,000 $302 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,351/month

2 Days on Market

Highlights

  • Brick or Stone Veneer
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Reno High School Rated A
  • Shed
  • Back and Front Yard Fenced

About This Home

As of May 2024

Welcome to this fantastic 3-unit property strategically positioned in the vicinity of UNR, offering a lucrative investment opportunity. The main building is a well-maintained duplex, each unit boasting 2 spacious bedrooms & 1 bathroom. Adding to the allure of this property is the converted garage nestled in the rear alley. This additional unit offers 1 bedroom & 1 bathroom, providing supplementary rental income potential. While unpermitted, this unit presents a unique opportunity for investors to maximize, their returns with minimal investment. All units have been upgraded with new windows, paints, flooring and more within the last 6 months. Mini-split heating/AC unit installed in one of the duplex units. All units feature ample living space, functional kitchens, and comfortable bedrooms, ensuring tenants enjoy a cozy living experience. With separate entrances for each unit, privacy and convenience are paramount for occupants.

Last Agent to Sell the Property

Lacie Carl

Clark Real Estate & Inv. License #S.184410 Listed on: 04/24/2024

Co-Listed By

Charles Clark

Clark Real Estate & Inv. License #B.17093

Last Buyer's Agent

Tayona Tate

NextHome Yourpickettfence Group License #B.146206

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,102

Year Built

  • Built in 1946

Lot Details

  • 6,970 Sq Ft Lot
  • Back and Front Yard Fenced

Home Design

  • Brick or Stone Veneer
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,038 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Parking

  • Common or Shared Parking
  • Alley Access

Outdoor Features

  • Shed

Schools

  • Elmcrest Elementary School
  • Clayton Middle School
  • Reno High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 00714412

Community Details

Overview

  • 2 Buildings
  • 3 Units

Additional Features

  • No Laundry Facilities
  • Net Operating Income $39,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,102

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Year Built: 1946
  • Property Type: Residential Income
  • Road Frontage Type: Public
  • Co List Office Mls Id: 696-o
  • Co List Office Phone: 775-828-3355
  • Co List Office Mls Id: 696-o
  • Co List Office Phone: 775-828-3355
  • Directions: Ralston between 10th and 11th Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Disposal, Gas Range, Refrigerator
  • Flooring: Carpet, Laminate
  • Number Of Buildings: 2
  • Window Features: Blinds

Exterior Features

  • Roof: Composition, Shingle
  • Stories: 1
  • Construction Type: Frame, Masonry Veneer
  • Foundation Details: Crawl Space
  • Other Structures: Shed(s), Storage

Garage/Parking

  • Parking Features: Alley Access, Common, None

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
  • Water Source: Public
  • Laundry Features: None
  • Cooling: Wall/Window Unit(s), Varies By Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Middle Or Junior School: Clayton

Lot Info

  • Parcel Number: 00714412
  • Fencing: Back Yard, Front Yard, Full, Partial
  • Lot Size Sq Ft: 6969.6
  • Zoning: Nc

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 44400.0
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1101.79

MLS Schools

  • Elementary School: Elmcrest
  • HighSchool: Reno

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
May 17, 2024
Sold by
George J Stempel J and George Kimberly N
Bought by
Mix Ryan W and Mix Sophie
Seller's Agent
Lacie Carl
Clark Real Estate & Inv.
Buyer's Agent
Tayona Tate
NextHome Yourpickettfence Group
List Price
$650,000
Sold Price
$615,000
Premium/Discount to List
-$35,000
-5.38%
Views
59
Current Estimated Value
$610,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,037
Avg. Annual Appreciation
-0.60%
Original Mortgage
$461,250
Outstanding Balance
$456,817
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$154,146

Purchase Details

Closed on
Sep 26, 2018
Sold by
Stempel Terry J and Stempel Kimberly N
Bought by
Stempel George J and Stempel Kimberly N

Purchase Details

Closed on
May 20, 2013
Sold by
Stempel George J and Stempel Terry J
Bought by
Stempel George O and Stempel Kimberlyn

Purchase Details

Closed on
Oct 2, 2005
Sold by
K & T Holdings Llc
Bought by
Stempel Terry J and Stempel Kimberly N

Purchase Details

Closed on
Nov 24, 2004
Sold by
Stempel Terry J and Stempel Kimberly N
Bought by
K & T Holdings Llc

Purchase Details

Closed on
Apr 1, 2002
Sold by
Shults Leslie
Bought by
Stempel Terry J and Stempel Kimberly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.78%

Purchase Details

Closed on
Apr 2, 1999
Sold by
Shults Jeffrey R
Bought by
Schwab Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
9.25%

Purchase Details

Closed on
Sep 22, 1997
Sold by
Chandelle Investments Llc
Bought by
Zoeller Gregory K and Gregory K Zoeller Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,450
Interest Rate
7.26%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 11, 1996
Sold by
Zoeller Gregory K
Bought by
Chandelle Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,978
Interest Rate
7.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 26, 1995
Sold by
Danielson Janet
Bought by
Zoeller Gregory K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,978
Interest Rate
7.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 10, 1994
Sold by
Lawing James and Danielson Janet
Bought by
Danielson Janet
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mix Ryan W $615,000 Stewart Title
Stempel George J -- None Available
Stempel George O -- Ticor Title Reno
Stempel Terry J $186,000 --
K & T Holdings Llc -- --
Stempel Terry J $186,000 Stewart Title Northern Nevad
Schwab Leslie $165,000 Western Title Company Inc
Zoeller Gregory K $34,500 --
Chandelle Investments $38,000 --
Zoeller Gregory K $38,000 Western Title Company
Danielson Janet -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mix Ryan W $461,250
Previous Owner Stempel Terry J $148,800
Previous Owner Stempel Terry J $148,800
Previous Owner Schwab Leslie $132,000
Previous Owner Zoeller Gregory K $34,450
Previous Owner Zoeller Gregory K $17,978
Closed Schwab Leslie $24,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $615,000 -5.4% $302 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $650,000 -- $319 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,291 $73,437 $52,710 $20,727
2024 $1,291 $69,636 $51,450 $18,186
2023 $1,101 $67,232 $51,450 $15,782
2022 $1,069 $58,717 $45,500 $13,217
2021 $1,035 $49,435 $36,400 $13,035
2020 $972 $47,880 $35,000 $12,880
2019 $926 $40,953 $28,700 $12,253
2018 $884 $31,686 $19,950 $11,736
2017 $858 $29,456 $18,025 $11,431
2016 $841 $27,238 $15,820 $11,418
2015 $841 $25,400 $14,000 $11,400
2014 $815 $22,199 $11,550 $10,649
2013 -- $21,515 $11,550 $9,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Nevada Regional MLS

MLS Number: 240004457

Northern Nevada Regional MLS

APN: 007-144-12