$615,000
SOLD MAY 21, 2024

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

West University Neighborhood
5 Beds
5 Baths
2,038 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$302 Per Sq Ft

5% Below List Price

2 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Community Storage Space
  • Reno High School Rated A
  • Back and Front Yard Fenced
  • Carpet

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

Last Agent to Sell the Property

Lacie Carl

Clark Real Estate & Inv. License #S.184410

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
  • Property fronts an alley
  • Back and Front Yard Fenced

Parking

  • Parking Lot

Home Design

  • Wood Frame Construction
  • Composition Shingle Roof
  • Masonry

Interior Spaces

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

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Schools

  • Elmcast Elementary School
  • Clayton Middle School
  • Reno High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00714412

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • 1010 1012 Ralston Community

Additional Features

  • Community Storage Space
  • 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

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: 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.
  • Lvt Date: 04/23/2024
  • Year Built: 1946
  • Access Type: Public
  • Xstreet Directions: Ralston between 10th and 11th Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Oven/Range, Refrigerator
  • Water Heater: Natural Gas
  • Flooring: Carpet, Laminate
  • Price Per Sq Ft: 301.77
  • Sold Price Per Sq Ft: 301.77
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 2038

Exterior Features

  • Windows: Combo/Varies
  • Construction: Wood Frame
  • Exterior: Masonry Veneer
  • Fenced: Back, Front, Full, Partial, Varies Per Unit
  • Foundation: Concrete/Crawl Space
  • Roof: Composition/Shingle
  • Stories: 1 Story

Garage/Parking

  • Parking Types: Common

Utilities

  • Heating Cooling: Air Unit, Natural Gas, Forced Air, Varies by Unit
  • Internet: Yes
  • Utilities: Cable, City/County Water, City Sewer, Electricity, Natural Gas, Telephone, Internet Available, Cellular Coverage Avail
  • Facility Features: Separate Meters-Electric, Separated Meters-Gas, Separate Meters-Water, Separate Water Heaters, Tenant Pays Utilities
  • Individually Metered: Yes

Condo/Co-op/Association

  • Common Features: Alley Access, Storage Shed
  • Complex Name: 1010-1012 Ralston

Schools

  • Elementary School: Elmcast
  • Middle School: Clayton
  • High School: Reno

Lot Info

  • Acreage: 0.16
  • Parcel Number: 00714412
  • Zoning Actual: Nc

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 1101.79

Multi Family

  • Annual Expenses: 4996
  • Gross Scheduled Income: 44400
  • Number Units: 3
  • Unit Features: Blinds/Shades, Smoke Detector

MLS Schools

  • Elementary School: Elmcast
  • HighSchool: Reno
  • Middle School: Clayton

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $461,250 New Conventional
Previous Owner $148,800 Unknown
Previous Owner $148,800 No Value Available
Previous Owner $132,000 No Value Available
Previous Owner $34,450 Seller Take Back
Previous Owner $17,978 Seller Take Back
Closed $24,750 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Bargain Sale Deed $615,000 Stewart Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title Reno
Bargain Sale Deed $186,000 --
Bargain Sale Deed -- --
Bargain Sale Deed $186,000 Stewart Title Northern Nevad
Bargain Sale Deed $165,000 Western Title Company Inc
Grant Deed $34,500 --
Individual Deed $38,000 --
Individual Deed $38,000 Western Title Company
Grant Deed -- --
Source: Public Records

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Source: Northern Nevada Regional MLS

MLS Number: 240004457

Northern Nevada Regional MLS

APN: 007-144-12