$555,000
UNDER CONTRACT

4300 Reno Hwy Fallon, NV 89406

Estimated payment $3,091/month

Total Views 1,826
-- Bed
-- Bath
2,850 Sq Ft
$195 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Refrigerated and Evaporative Cooling System
  • Outdoor Storage
  • Lahontan Elementary School Rated A-
  • Laundry Room
  • Luxury Vinyl Tile Flooring

About This Home

4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6 percent CAP rate, this property provides solid in-place cash flow and minimal deferred maintenance—ideal for investors seeking a low-maintenance, income-producing asset.

Each of the three townhome-style units features a 2-bedroom, 1-bath layout with spacious living rooms, full kitchens, large bedrooms, and bathrooms with shower-over-tub configurations. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing overall tenant satisfaction and leasing demand.

All units have been extensively modernized since 2022, including luxury vinyl plank flooring, updated carpet, and refreshed fixtures throughout. Property systems include natural gas wall heaters, evaporative coolers, electric ranges, and gas water heaters—all contributing to efficient, cost-effective operations.

The property is serviced by a shared private well with a new booster pump and a private septic system, reducing ongoing utility expenses. Additional surface parking provides flexibility for tenants and guests.

Conveniently located just minutes from downtown Fallon and within commuting distance of the Reno-Tahoe Industrial Center, the property benefits from regional economic growth, strong rental demand, and a functional, tenant-friendly design.
Each of the three townhome-style units features a 2-bedroom, 1-bathroom layout with a spacious living room, full kitchen, large bedrooms, and a bathroom with a shower-over-tub. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing rental appeal and tenant satisfaction.

Since 2022, all three units have been extensively modernized, including updated luxury vinyl plank flooring, carpet, and fixtures. Systems include natural gas wall heaters, evaporative coolers for efficient cooling, electric ranges, and gas water heaters.

The property is served by a private shared well with a new booster pump and its own septic system, reducing utility expenses and long-term operational costs. Additional surface parking offers flexibility for tenants or guests.

Located just minutes from downtown Fallon and in proximity to the Reno-Tahoe Industrial Center, this asset benefits from regional economic growth, strong rental demand, and a tenant-friendly design.
Seller is willing to also sell 4310 Reno Hwy- Parcel Number 00846159

Listing Agent

Donal Minihan

RE/MAX Professionals-Reno License #S.174259 Listed on: 06/12/2025

RE/MAX Professionals-Reno

Co-Listing Agent

Brent Vaulet

RE/MAX Professionals-Reno License #S.179290

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,916

Year Built

  • Built in 1980

Lot Details

  • 1.03 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Pitched Roof
  • Composition Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2,850 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Aluminum Window Frames
  • Crawl Space
  • Electric Range
  • Laundry Room

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Carport
  • 2 Parking Spaces Included
  • Common or Shared Parking

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Lahontan Elementary School
  • Churchill Middle School
  • Churchill High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace
  • Separate Meters
  • Natural Gas Connected
  • Individual Gas Meter
  • Private Water Source
  • Shared Well
  • Well
  • Gas Water Heater
  • Central Water Heater
  • Water Purifier is Owned
  • Septic Tank

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 00846109

Community Details

Overview

  • 3 Units
  • 4300 Reno Hwy Community

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • Vacancy Allowance $1,350
  • Net Operating Income $33,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,916

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Year Built: 1980
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Lot Features: Level
  • Lot Size Acres: 1.03
  • Is Senior Community?: No
  • Spa Features: None
  • Has Spa?: No
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Co List Office Mls Id: 1934-o
  • Co List Office Phone: 775-345-3070
  • Co List Office Mls Id: 1934-o
  • Co List Office Phone: 775-345-3070
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: C1
  • Building Stories5: 1
  • Cooling Evaporative Cooling: Yes
  • Lot Features Level: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Outdoor Living Spaces Patio2: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Sewer Septic Tank: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Lahontan
  • Tax Legal High School2: Churchill
  • Lot Lot Size Acres4: 1.03
  • Lot Lot Size Square Feet4: 44866.8
  • Appliances Electric Range: Yes
  • Owner Pays Water3: Yes
  • Foundation Details Crawl Space2: Yes
  • Owner Pays Sewer2: Yes
  • Tax Legal Tax Annual Amount3: 1915.6
  • Lot Spa Y N4: No
  • Water Heater Central2: Yes
  • Incomeand Expenses Net Operating Income: 33058.0
  • Contract Rent Control Y N: No
  • Building Number Of Units Total5: 3.0
  • 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 One Primary Water Meter Y N: No
  • Tax Legal Middleor Junior School: Churchill
  • Other Structures Storage4: Yes
  • Building Accessibility Features Y N5: No
  • Levels One: Yes
  • Security Features Carbon Monoxide Detector(s): Yes
  • Incomeand Expenses Total Actual Rent: 43732.0
  • Outdoor Living Spaces Features Covered Patio: Yes
  • Meter Information Number Of Separate Electric Meters: 4
  • Meter Information Number Of Separate Gas Meters: 3
  • Unit Details Number Of Units Leased: 3
  • Building Building Name5: 4300 Reno Hwy
  • Typeof Construction Site Stick- Built2: Yes
  • Special Features: UnderContract
  • Stories: 1

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Flooring: Carpet, Luxury Vinyl, Vinyl
  • Owner Pays: Water, Sewer
  • Window Features: Aluminum Frames, Blinds
  • Flooring Carpet: Yes
  • Window Features Blinds: Yes
  • Flooring Vinyl: Yes
  • Interior Fireplace Y N3: No
  • Interior Building Area Total3: 2850.0
  • Laundry Features Common Area2: Yes
  • Window Features Aluminum Frames: Yes
  • Flooring Luxury Vinyl: Yes
  • Unit1 Furnished3: Unfurnished

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched
  • Stories: 1
  • Pool Features: None
  • Has Private Pool?: No
  • Construction Type: Wood Siding
  • Foundation Details: Crawl Space
  • Other Structures: Storage
  • Patio And Porch Features: Patio
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Lot Pool Private Y N4: No

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Carport, Common
  • Total Parking Spaces: 6.0
  • Parking Features Carport: Yes
  • Parking Information Parking Total4: 6.0
  • Parking Features Common: Yes
  • Unit1 Garage Attached Y N: No
  • Unit1 Parking Capacity Per Unit: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Cellular Coverage
  • Water Source: Private, Shared Well, Well
  • Laundry Features: Common Area
  • Cooling: Evaporative Cooling
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source Private6: Yes
  • Water Source Well: Yes
  • Heating Wall Furnace: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Water Source Shared Well: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Natural Gas Connected: Yes

Schools

  • Middle Or Junior School: Churchill

Lot Info

  • Parcel Number: 00846109
  • Fencing: Partial
  • Lot Size Sq Ft: 44866.8
  • Zoning: C1

Rental Info

  • Tenant Pays: Trash Collection, Gas, Electricity

Multi Family

  • Gross Scheduled Income: 45000.0
  • Number Of Units Total: 3
  • Number Of Units Furnished: None
  • Number Of Units Leased: 3
  • Number of Month to Month Units: 1
  • Total Actual Rent: 43732.0
  • Income And Expenses Vacancy Allowance: 1350
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Income And Expenses Vacancy Allowance: 1350

Tax Info

  • Tax Annual Amount: 1915.6

MLS Schools

  • Elementary School: Lahontan
  • HighSchool: Churchill

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
06/12/2025 06/12/25 For Sale $555,000 -- $195 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 250051401

Northern Nevada Regional MLS

APN: 008-461-09

Nevada Churchill County Fallon 89406

4300 Reno Hwy, Fallon, NV

This home is located at 4300 Reno Hwy, Fallon, NV 89406 and is currently priced at $555,000, approximately $194 per square foot. This property was built in 1980. 4300 Reno Hwy is a home located in Churchill County with nearby schools including Lahontan Elementary School, E.C. Best Elementary School, and Numa Elementary School.

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Northern Nevada Regional MLS 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. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

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Donal Minihan
Listing Agent
Donal Minihan
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RE/MAX Professionals-Reno
(775) 264-2199