$640,000
SOLD MAY 6, 2025

2285 Patton Dr Reno, NV 89512

Northeast Reno Neighborhood
-- Bed
-- Bath
3,432 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$186 Per Sq Ft

8% Below List Price

26 Days on Market

About This Home

As of May 2025

Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don’t miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today’s market., The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents an opportunity to add even more value and amenities. This is a fantastic turnkey investment, don’t miss out on this income-producing property!

Last Agent to Sell the Property

Kylie Keenan

Dickson Realty - Caughlin License #S.179311 Listed on: 02/27/2025

Dickson Realty - Caughlin

Last Buyer's Agent

Non MLS Agent

Non MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,714

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason
  • Slab Foundation
  • Masonry

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Kitchen

  • Oven
  • Gas Range

Laundry

  • Laundry in unit
  • Washer Hookup

Parking

  • 6 Parking Spaces
  • Common or Shared Parking

Schools

  • Cannan Elementary School
  • Traner Middle School
  • Hug High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Electric Water Heater
  • Phone Available

Community Details

  • 4 Units
  • Net Operating Income $52,930

Listing and Financial Details

  • Assessor Parcel Number 00409306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,714

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Year Built: 1963
  • Property Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Frontage Type: Public
  • Co List Office Mls Id: 136-o
  • Co List Office Phone: 775-746-7000
  • Directions: Sutro/Wedekind/Patton
  • Tax Legal Zoning4: MF30
  • Building Stories5: 2
  • Foundation Details Slab: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Water Heater Electric5: Yes
  • Construction Materials Brick: Yes
  • Tax Legal Elementary School2: Cannan
  • Tax Legal High School2: Hug
  • Lot Lot Size Acres4: 0.17
  • Lot Lot Size Square Feet4: 7405.2
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Tax Legal Tax Annual Amount3: 1713.96
  • Typeof Construction Masonry5: Yes
  • Incomeand Expenses Net Operating Income: 52930.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 4.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: Yes
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: No
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: No
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Traner
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Oven, Gas Range, Refrigerator
  • Flooring: Laminate
  • Number Of Buildings: 1
  • Flooring Laminate: Yes
  • Interior Building Area Total3: 3432.0
  • Laundry Features Washer Hookup: Yes
  • Laundry Features In Unit: Yes

Exterior Features

  • Roof: Flat
  • Stories: 2
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof Flat: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Common
  • Total Parking Spaces: 6.0
  • Parking Information Parking Total4: 6.0
  • Parking Features Common: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Unit, Washer Hookup
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 00409306
  • Lot Size Sq Ft: 7405.2
  • Zoning: MF30

Multi Family

  • Gross Scheduled Income: 76800.0
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1713.96

MLS Schools

  • Elementary School: Cannan
  • HighSchool: Hug

Range of Values:

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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 List to Sale Price per Sq Ft
05/06/2025 05/06/25 Sold $640,000 -8.4% $186 / Sq Ft
02/27/2025 02/27/25 For Sale $699,000 -- $204 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kylie Keenan

    Seller's Agent in 2025

    Kylie Keenan

    Dickson Realty

    (775) 846-9726

    2 in this area

    212 Total Sales

    Kylie Keenan
    Section Image

  • N

    Buyer's Agent in 2025

    Non MLS Agent

    Non MLS Office

See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 250002432

Northern Nevada Regional MLS
Nevada Washoe County Reno 89512 Northeast Reno

2285 Patton Dr, Reno, NV

This home is located at 2285 Patton Dr, Reno, NV 89512 and is currently priced at $640,000, approximately $186 per square foot. This property was built in 1963. 2285 Patton Dr is a home located in Washoe County with nearby schools including Rita Cannan Elementary School, Fred W. Traner Middle School, and Procter R. Hug High School.

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