$730,000
$95K PRICE DROP

Estimated payment $4,117/month

Total Views 14,237
-- Bed
-- Bath
3,456 Sq Ft
$211 Price per Sq Ft

Highlights

  • Balcony
  • Brick or Stone Veneer
  • Ceramic Tile Flooring
  • Double Pane Windows
  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System

About This Home

Investment Opportunity: Discover a townhome-style 4-plex situated in the heart of North Reno. Each of the 4 units features a spacious 864 sq. ft. layout with 2 bedrooms & 1 bathroom.This multi-family property offers a strategic location with easy access to bus lines, Interstate 80, and a variety of local amenities, including restaurants, coffee shops, and laundromats., The interiors boast large kitchens with newer cabinets, granite countertops, and stylish tile backsplashes. Title flooring throughout adds to the modern appeal, while private balconies provide outdoor space for tenants to enjoy. Convenient on-site parking is available directly in front of each unit. Whether you're looking to expand your investment portfolio or capitalize on Reno's growing rental market, 2424 Sutro Street is a valuable addition. The Debbie Smith Career & Technical Education Academy High School is also being built close by. Don't miss out on this exceptional opportunity.

Listing Agent

Ginger Marphis

Fathom Realty License #S.177579 Listed on: 08/31/2025

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,762

Year Built

  • Built in 1964

Lot Details

  • 0.26 Acre Lot
  • Lot Sloped Up

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick or Stone Veneer
  • Slab Foundation
  • Membrane Roofing
  • Wood Siding
  • Masonry

Interior Spaces

  • 3,456 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 2 Parking Spaces Included
  • Common or Shared Parking
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Meter
  • Natural Gas Connected
  • Individual Gas Meter
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas, electricity
  • The owner pays for exterior maintenance, common area maintenance
  • Assessor Parcel Number 004-093-18

Community Details

Overview

  • 4 Units
  • Reno Community
  • On-Site Maintenance

Amenities

  • No Laundry Facilities

Pet Policy

  • Pets Allowed

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Trash Expense $103
  • Vacancy Allowance $1,275
  • Net Operating Income $47,031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,762

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Year Built: 1964
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Lot Features: Gentle Sloping, Sloped Up
  • Lot Size Acres: 0.26
  • Road Frontage Type: Public
  • Is Senior Community?: No
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Co List Office Mls Id: 2441-o
  • Co List Office Phone: 888-455-6040
  • Special Conditions: Agent Owned
  • Directions: N. McCarran to Sutro
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: MF30
  • Building Stories5: 2
  • Cooling Evaporative Cooling: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Water Heater Electric5: Yes
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • Appliances Microwave: Yes
  • Lot Features Sloped Up: Yes
  • Lot Features Gentle Sloping: Yes
  • Construction Materials Brick: Yes
  • Construction Materials Masonry Veneer: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Cannan
  • Tax Legal High School2: Hug
  • Lot Lot Size Acres4: 0.262
  • Lot Lot Size Square Feet4: 11325.6
  • Appliances Electric Range: Yes
  • Pet Information Pets Allowed Y N: Yes
  • Owner Pays Common Area Maintenance: Yes
  • Tax Legal Tax Annual Amount3: 1761.66
  • Typeof Construction Masonry5: Yes
  • Appliances Electric Oven: Yes
  • Incomeand Expenses Net Operating Income: 47031.0
  • 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: Yes
  • 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
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Levels Two: Yes
  • Security Features Carbon Monoxide Detector(s): Yes
  • Incomeand Expenses Total Actual Rent: 5060.0
  • Incomeand Expenses Trash Expense: 103.45
  • Meter Information Number Of Separate Electric Meters: 4
  • Meter Information Number Of Separate Gas Meters: 4
  • Unit Details Number Of Units Leased: 3
  • Unit Details Number Of Units Vacant: 1
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
  • Flooring: Carpet, Ceramic Tile, Varies
  • Number Of Buildings: 1
  • Owner Pays: Exterior Maintenance, Common Area Maintenance
  • Window Features: Blinds, Double Pane Windows, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Window Features Blinds: Yes
  • Flooring Ceramic Tile: Yes
  • Interior Fireplace Y N3: No
  • Laundry Features None15: Yes
  • Interior Building Area Total3: 3456.0
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished
  • Unit4 Furnished8: Unfurnished

Exterior Features

  • Exterior Features: Balcony
  • Roof: Flat, Membrane
  • Stories: 2
  • Construction Type: Brick, Wood Siding, Masonry Veneer
  • Foundation Details: Slab
  • Other Structures: None
  • Construction Materials Wood Siding: Yes
  • Roof Flat: Yes
  • Owner Pays Exterior Maintenance: Yes
  • Roof Membrane: Yes
  • Exterior Features Balcony: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Assigned, Common
  • Total Parking Spaces: 8.0
  • Parking Information Parking Total4: 8.0
  • Parking Features Common: Yes
  • Parking Features Assigned: Yes
  • Unit1 Parking Capacity Per Unit: 2.0
  • Unit2 Parking Capacity Per Unit2: 2.0
  • Unit3 Parking Capacity Per Unit3: 2.0
  • Unit4 Parking Capacity Per Unit4: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: None
  • Cooling: Evaporative Cooling
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Utilities Natural Gas Connected: Yes

Fee Information

  • Trash Expense: 103.45

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 004-093-18
  • Fencing: None
  • Lot Size Sq Ft: 11325.6
  • Zoning: MF30

Rental Info

  • Tenant Pays: Water, Trash Collection, Sewer, Gas, Electricity

Multi Family

  • Gross Scheduled Income: 60842.0
  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3
  • Number of Month to Month Units: 1275
  • Number Of Units Vacant: 1
  • Total Actual Rent: 5060.0
  • Income And Expenses Vacancy Allowance: 1275
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Income And Expenses Vacancy Allowance: 1275

Tax Info

  • Tax Annual Amount: 1761.66

MLS Schools

  • Elementary School: Cannan
  • HighSchool: Hug

Map

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 Change Sq Ft Price
08/31/2025 08/31/25 For Sale $730,000 0.0% $211 / Sq Ft
04/01/2025 04/01/25 Off Market $730,000 -- --
08/10/2022 08/10/22 Sold $725,000 -3.3% $210 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $750,000 0.0% $217 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $750,000 -- $217 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 240010907

Northern Nevada Regional MLS