Anthony Smith
Responds Quickly
RE/MAX Professionals-Reno
(341) 222-1907
51 Total Sales
1 in Northeast Reno
$355,000 Price
2285 Patton Dr Reno, NV 89512
Northeast Reno Neighborhood
8
Beds
--
Bath
3,432
Sq Ft
7,405
Sq Ft Lot
About This Home
As of May 2025Turnkey 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
Dickson Realty - Caughlin License #S.179311 Listed on: 02/27/2025
Last Buyer's Agent
Non MLS Agent
Non MLS Office
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2025
Closed on
Apr 30, 2025
Sold by
Bought by
Seller's Agent
Kylie Keenan
Dickson Realty - Caughlin
Buyer's Agent
Non MLS Agent
Non MLS Office
List Price
$699,000
Sold Price
$640,000
Premium/Discount to List
-$59,000
-8.44%
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$473,906
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 15, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 27, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,250
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 28, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 29, 2016
Sold by
Bought by
Purchase Details
Closed on
Oct 21, 2005
Sold by
Bought by
Purchase Details
Closed on
Nov 20, 2001
Sold by
Bought by
Purchase Details
Closed on
Jun 8, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
7.15%
Purchase Details
Closed on
Feb 2, 2001
Sold by
Bought by
Purchase Details
Closed on
Jan 5, 2001
Sold by
Bought by
Purchase Details
Closed on
Apr 2, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Northeast Reno, NV
-
Anthony Smith
-
Samantha Saquella
Samantha Saquella
RE/MAX Professionals-Reno
(775) 204-0396
67 Total Sales
1 in Northeast Reno
$202,000 Price
-
Jacob Fair
Jacob Fair
RE/MAX Realty Affiliates
(775) 364-5598
39 Total Sales
1 in Northeast Reno
$245,000 Price
-
Armando Reyes
Armando Reyes
Responds QuicklyColdwell Banker Select RE M
(775) 364-5632
77 Total Sales
3 in Northeast Reno
$230K - $420K Price Range
-
Colleen Feuling
Colleen Feuling
Sierra Nevada Properties-Reno
(775) 535-8487
21 Total Sales
1 in Northeast Reno
$252,000 Price
-
Michelle Hammond
Michelle Hammond
RE/MAX Professionals-Reno
(775) 257-6987
67 Total Sales
1 in Northeast Reno
$239,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $640,000 | First Centennial Title | ||
| $400,000 | First American Title | ||
| $362,500 | Reliant Title | ||
| $265,000 | Reliant Title | ||
| -- | Reliable Title | ||
| -- | Attorney Only | ||
| -- | -- | ||
| $180,000 | Stewart Title Northern Nevad | ||
| -- | First American Title | ||
| -- | First American Title | ||
| $117,752 | First American Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $480,000 | ||
| Previous Owner | $262,500 | ||
| Previous Owner | $257,250 | ||
| Previous Owner | $198,750 | ||
| Previous Owner | $125,000 | ||
| Previous Owner | $126,400 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,382 | $92,478 | $57,750 | $34,728 |
| 2025 | $1,714 | $89,152 | $54,740 | $34,412 |
| 2024 | $1,714 | $88,837 | $54,250 | $34,587 |
| 2023 | $1,817 | $79,152 | $49,000 | $30,152 |
| 2022 | $1,472 | $66,645 | $41,825 | $24,820 |
| 2021 | $1,363 | $60,162 | $35,420 | $24,742 |
| 2020 | $1,288 | $59,775 | $35,000 | $24,775 |
| 2019 | $2,461 | $58,289 | $35,000 | $23,289 |
| 2018 | $1,164 | $44,140 | $21,350 | $22,790 |
| 2017 | $1,131 | $42,890 | $20,300 | $22,590 |
| 2016 | $1,098 | $42,643 | $20,300 | $22,343 |
| 2015 | $554 | $36,910 | $14,700 | $22,210 |
| 2014 | $1,063 | $33,429 | $11,900 | $21,529 |
| 2013 | -- | $28,236 | $7,700 | $20,536 |
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
207 Total Sales
-
N
Buyer's Agent in 2025
Non MLS Agent
Non MLS Office
Map
Source: Northern Nevada Regional MLS
MLS Number: 250002432
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The content relating to real estate for sale on this web site comes in part from the Broker Reciprocity/ IDX program of the Northern Nevada Regional Multiple Listing Service°. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about those listings includes the name of the listing brokerage. Any use of the content other than by a search performed by a consumer looking to purchase or rent real estate is prohibited. © 2026 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.
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