175 Wonder St Reno, NV 89502
MidTown NeighborhoodEstimated payment $4,928/month
Highlights
- 1 Car Detached Garage
- Brick or Stone Mason
- Forced Air Heating System
- Double Pane Windows
- Refrigerated and Evaporative Cooling System
- Ceiling Fan
About This Home
***Seller Financing Available*** This is a rare opportunity to own a cash-flowing multi-unit property in the heart of Midtown Reno. Just moments from Midtown's restaurants, shops, and downtown—yet tucked on a quiet and well kept residential street. The property features three units tenant occupied. New Roof on main house and garage. New flooring in all units save for upstairs duplex living and bedrooms. New paint. All units are 2 bed / 1 bath. The Main house (Wonder St) is 1,152 sq ft with basement, detached garage, and private yard built in 1942. The Duplex (alley access) built 1977, Is a two story, identical units, 720 sq ft each, offering functional layouts and strong rental demand. All units are currently rented, providing immediate income with additional upside through future rent increases or improvements. Zoned MF30, offering potential for further development of a **4th UNIT** and long-term value growth. Seller financing available with competitive interest rates and down payment terms, creating a unique opportunity for buyers looking to maximize leverage and returns. Ideal for: Investors seeking stable cash flow with flexible financing Owner-occupants looking to offset their mortgage. Buyers targeting Midtown appreciation and future expansion potential. Due to tenant occupancy, Please provide proof of funds/Approval Letter. Allow for 24 hours notice before showing. Please do not disturb tenants during any drive/walk by viewings
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,931
Year Built
- Built in 1977
Lot Details
- 7,013 Sq Ft Lot
- Dog Run
- Level Lot
- Front and Back Yard Sprinklers
Home Design
- Brick or Stone Mason
- Frame Construction
- Pitched Roof
- Asphalt Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,592 Sq Ft Home
- Ceiling Fan
- Double Pane Windows
- Vinyl Clad Windows
- Drapes & Rods
- Blinds
- Aluminum Window Frames
- Carpet
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Electric Oven
- Electric Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 1 Car Detached Garage
- 3 Parking Spaces Included
- Alley Access
Schools
- Veterans Elementary School
- Vaughn Middle School
- Wooster High School
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
- Separate Meters
- Master Meter
- Individual Gas Meter
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 013-226-13
Community Details
Overview
- 2 Buildings
- 3 Units
- Reno Community
- Mccormick Addition Subdivision
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Trash Expense $60
- Vacancy Allowance $972
- Net Operating Income $41,655
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $1,433 | $100,196 | $62,598 | $37,598 |
| 2024 | $1,875 | $98,425 | $59,500 | $38,925 |
| 2023 | $1,821 | $97,300 | $61,670 | $35,630 |
| 2022 | $1,772 | $79,316 | $48,650 | $30,666 |
| 2021 | $1,759 | $65,542 | $35,420 | $30,122 |
| 2020 | $1,649 | $61,972 | $31,395 | $30,577 |
| 2019 | $1,562 | $59,556 | $29,960 | $29,596 |
| 2018 | $1,512 | $47,234 | $18,375 | $28,859 |
| 2017 | $1,466 | $47,299 | $18,375 | $28,924 |
| 2016 | $1,430 | $45,680 | $16,275 | $29,405 |
| 2015 | $1,433 | $43,952 | $14,175 | $29,777 |
| 2014 | $1,393 | $38,180 | $9,660 | $28,520 |
| 2013 | -- | $35,914 | $7,665 | $28,249 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/02/2026 05/02/26 | For Sale | $899,000 | -- | $347 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- |
Source: Northern Nevada Regional MLS
MLS Number: 260005476
APN: 013-226-13
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Ask me questions while you tour the home.