NOT LISTED FOR SALE

442 E 7th St Unit 1 & 2 Reno, NV 89512

Downtown Reno Neighborhood

Estimated Value: $542,000 - $668,757

4 Beds
8 Baths
1,474 Sq Ft
$418/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $635,000 $431 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,688/month

4 Days on Market

Highlights

  • Solar Power System
  • Double Pane Windows
  • Home Security System
  • Furnished
  • Patio
  • Smart Appliances

About This Home

As of June 2023

Introducing a remarkable real estate opportunity near Downtown Reno, just a short distance from the University of Nevada (UNR), hospitals, and the bustling Greater Nevada Field. This ground-up new construction duplex is an excellent investment opportunity, offering the potential to occupy one unit while renting out the other, with a rental income of approximately $1,900 per month per unit. Built-in 2020, this modern property presents a fantastic chance for homeowners and investors alike.

Last Listed By

Ryan Alter

Cave Rock Partners Of Nevada License #B.1002796 Listed on: 05/17/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,839

Year Built

  • Built in 2020

Lot Details

  • 1,307 Sq Ft Lot
  • Property fronts an alley
  • Property is Fully Fenced

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,474 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Double Pane Windows
  • Blinds
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Smart Appliances
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Carport
  • 1 Parking Space Included
  • Garage Door Opener

Eco-Friendly Details

  • Moisture Control
  • Solar Power System

Outdoor Features

  • Patio

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Separate Meters
  • Master Gas Meter
  • Master Water Meter
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Utilities Included
  • Assessor Parcel Number 00723306

Community Details

Overview

  • 2 Units
  • Modern Reno Duplex Community

Building Details

  • Net Operating Income $22,033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,839

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Duplex, Triplex, 4-Plex
  • Extended Remarks: With two separate units, each featuring two bedrooms and one and a half baths, you'll find ample space for comfortable living. In addition, the property boasts approximately 1,474 square feet of living space, providing room for you to enjoy. The duplex comes fully furnished, including furniture, flat-screen TVs, cookware, dishes, and coffee makers. Move-in or start renting out the units immediately without any additional purchases required. The property also includes a smart garage door system, providing convenience and enhanced security. The duplex offers generous loft space for your personalization and storage needs. The hardscaping and artificial turf minimize yard maintenance, giving you more time to enjoy your surroundings. Sustainability is a key feature of this property, with a separately metered solar system that keeps monthly expenses to a minimum. In addition, LED lighting, Energy Star appliances, and smart thermostats for the HVAC system contribute to energy efficiency and cost savings. The property also boasts a Cove smart security system that alerts you to water leaks, fire, CO2, and glass breakage. Additionally, Ring Security Cameras are installed around the perimeter, allowing you to monitor the property right from your smartphone. Don't miss out on this exceptional opportunity to own a ground-up new construction duplex conveniently located near Downtown Reno and UNR. This property offers modern amenities, fully furnished units, a smart garage door system, sustainable features, a smart security system, loft space, and a low-maintenance yard. Whether you're looking for a comfortable home or a profitable investment, this duplex is the perfect choice. Secure your future in the thriving Reno real estate market today.
  • Lvt Date: 05/17/2023
  • Year Built: 2020
  • Access Type: Public
  • Xstreet Directions: Valley Road
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dryer, Dishwasher, Microwave, Oven/Range, Refrigerator, Washer
  • Water Heater: Electric
  • Flooring: Carpet, Laminate
  • Price Per Sq Ft: 430.8
  • Sold Price Per Sq Ft: 430.8
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 1474

Exterior Features

  • Windows: Double Pane
  • Construction: Wood Frame
  • Exterior: Wood Siding
  • Fenced: Full
  • Foundation: Concrete/Crawl Space
  • Roof: Composition/Shingle, Pitched
  • Stories: 2 Story

Garage/Parking

  • Total Parking Capacity: 2
  • Parking Capacity Per Unit: 1
  • Parking Types: Carport

Utilities

  • Heating Cooling: Natural Gas, Forced Air, Programmable Thermostat, SMART Appliance 1 or More
  • Internet: Yes
  • Utilities: City/County Water, City Sewer, Electricity, Internet Available, Natural Gas, Solar (photovoltaic), Water Meter Installed
  • Facility Features: Landlord Pays Utilities, Master Meter-Gas, Master Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters
  • Individually Metered: Yes
  • Laundry: Hall

Condo/Co-op/Association

  • Common Features: Alley Access
  • Complex Name: Modern Reno Duplex

Fee Information

  • Annual Debt Service: 37300

Lot Info

  • Acreage: 0.03
  • Parcel Number: 00723306
  • Zoning Actual: MD-ID

Green Features

  • Green Features: 1+ Energy Star Appliance
  • Green Features: Double Pane Windows, EnergyStar APPL 1 or more, Programmable Thermostat, Solar - Photovoltaic
  • Smart Features: Moisture Sensing System, Programmable Thermostat, SMART HVAC APPL 1 or more, SMART APPL 1 or more

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 2839.22

Multi Family

  • Annual Expenses: 23191
  • Annual Vacancy: 3
  • Gross Scheduled Income: 45224
  • Number Units: 2
  • Unit Features: Blinds/Shades, Furnished, Garage Door Opener, Loft, Patio/Deck, Security System, Smoke Detector

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jun 14, 2023
Sold by
Foxcroft Kevin R
Bought by
Mobaligh Lailah and Mobaligh Saeed R
Seller's Agent
Ryan Alter
Cave Rock Partners Of Nevada
Buyer's Agent
Sage Ball
LPT Realty, LLC
List Price
$619,950
Sold Price
$635,000
Premium/Discount to List
$15,050
2.43%
Total Days on Market
4
Views
32
Current Estimated Value
$615,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,561
Avg. Annual Appreciation
-1.65%
Original Mortgage
$574,887
Outstanding Balance
$562,438
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$53,001

Purchase Details

Closed on
Nov 23, 2020
Sold by
Fletcher Luke and Balkenbush Joseph
Bought by
Foxcroft Kevin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2018
Sold by
Balkenbush Shanel
Bought by
Balkenbush Joseph

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mobaligh Lailah $635,000 First American Title
Foxcroft Kevin R $400,000 First Centennial Title Reno
Balkenbush Joseph -- First Centennial Reno
Fletcher Luke -- First Centennial Reno
Fletcher Luke $165,000 First Centennial Reno
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mobaligh Lailah $574,887
Previous Owner Foxcroft Kevin R $469,597
Previous Owner Foxcroft Kevin R $392,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $635,000 +2.4% $431 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $619,950 -- $421 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $3,310 $108,420 $34,132 $74,288
2024 $3,310 $110,596 $34,132 $76,464
2023 $3,066 $95,852 $29,400 $66,452
2022 $2,839 $80,546 $23,380 $57,166
2021 $2,564 $75,632 $20,160 $55,472
2020 $192 $45,887 $20,160 $25,727
2019 $245 $9,772 $9,772 $0
2018 $234 $4,778 $4,778 $0
2017 $225 $8,209 $2,888 $5,321
2016 $219 $8,101 $2,765 $5,336
2015 $218 $7,197 $1,904 $5,293
2014 $212 $6,651 $1,680 $4,971
2013 -- $5,623 $742 $4,881
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Ryan Alter

    Cave Rock Partners Of Nevada

    (775) 364-8486

    2 in this area

    4 Total Sales

    Ryan Alter
    Section Image
  • Sage Ball

    Buyer's Agent in 2023

    Sage Ball

    LPT Realty, LLC

    (775) 854-2597

    1 in this area

    94 Total Sales

    Sage Ball
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 230004930

Northern Nevada Regional MLS

APN: 007-233-06

Nevada Washoe County Reno 89512 Downtown Reno

442 E 7th St Unit 1 & 2, Reno, NV

Homes for Sale in Reno, NV

This home is located at 442 E 7th St Unit 1 & 2, Reno, NV 89512 since 17 May 2023 and is currently estimated at $615,439, approximately $417 per square foot. This property was built in 2020. 442 E 7th St Unit 1 & 2 is a home located in Washoe County with nearby schools including Libby C Booth Elementary School, Vaughn Middle School, and Earl Wooster High School.

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.

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.

Nearby Homes