$1,750,000

Estimated payment $9,465/month

Total Views 3,321
-- Bed
-- Bath
4,760 Sq Ft
$368 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Corner Lot
  • South Facing Home
  • 1-minute walk to Wilkinson Park

About This Home

Charming turnkey multifamily investment near Midtown Reno. This well-maintained property is a rare find in the highly sought-after Reno market. Featuring six spacious 2 bed / 1 bath units, it’s an ideal opportunity for investors seeking hassle-free ownership and long-term stability. Currently managed by a skilled and reliable property manager who is available to stay on post-sale, this is a truly streamlined investment. With a slight adjustment in rents, the property can reach a 5% annual return (cap rate), making it a strong performer in today’s market. Built in 1962 and offering a total of 4,760 square feet, the property generates a solid gross annual income of $105,319. Its proximity to Midtown Reno adds to the appeal for tenants and investors alike. For a comprehensive marketing package and detailed investment summary, please contact us directly. Don’t miss this fantastic opportunity to add a quality asset to your portfolio.

Listing Agent

Trevor Richardson

Address Income License #B.1002905 Listed on: 07/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,679

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • South Facing Home
  • Corner Lot
  • Level Lot

Property Views

  • Woods
  • Mountain

Home Design

  • Flat Roof Shape
  • Masonry Siding

Interior Spaces

  • 4,760 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Home Security

  • Security Lights
  • Security Fence, Lighting or Alarms
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

  • 6 Units
  • Gross Income $122,436

Listing and Financial Details

  • Assessor Parcel Number 013-141-17

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,679

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Building Stories: 2
  • Year Built: 1962
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Laminate
  • Living Area: 4760.0

Exterior Features

  • Lot Features: Corner Lot, Level
  • Topography: Level
  • View: Mountain(s), Trees/Woods
  • View: Yes
  • Construction Type: Masonry
  • Direction Faces: South
  • Exterior Features: Security Lighting
  • Property Condition: Updated/Remodeled
  • Roof: Flat

Utilities

  • Security: Smoke Detector(s), Security Lights
  • Cooling: Central Air, Wall/Window Unit(s), 1 Unit
  • Cooling Y N: Yes
  • Heating: Natural Gas, Gas, Wall Furnace
  • Heating Yn: Yes

Lot Info

  • Parcel #: 013-141-17

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 122436.0

Tax Info

  • Tax Annual Amount: 2679.0

Map

Range of Values:

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Average Value
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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
07/29/2025 07/29/25 For Sale $1,750,000 -- $368 / Sq Ft
Source: Incline Village REALTORS®

Source: Incline Village REALTORS®

MLS Number: 1018363

Incline Village REALTORS®