442 E 7th St Unit 1 & 2 Reno, NV 89512
Downtown Reno NeighborhoodEstimated payment $3,946/month
Highlights
- Loft
- 1 Car Attached Garage
- Refrigerated Cooling System
- Balcony
- Double Pane Windows
- Courtyard
About This Home
Modern and immaculate duplex built in 2020, fully occupied, with strong rental history at an actual 5 percent cap rate. Each unit comes mostly furnished and is leased through December 2025 and February 2026 by tenants with an intention to stay, ensuring secure income for the next owner. Both units feature private balconies, solar power, and private carport parking with garage door openers. Located in a prime area close to the college and downtown, this property offers excellent future potential as either a long-term rental or Airbnb investment. A rare, turn-key opportunity in a sought-after location. At 442 E 7th Street, you have the flexibility to expand your investment. An excellent option for investors looking to maximize rental income or grow their portfolio in one location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,573
Year Built
- Built in 2020
Lot Details
- 1,394 Sq Ft Lot
- Property is Fully Fenced
- Level Lot
Home Design
- Duplex
- Slab Foundation
- Frame Construction
- Pitched Roof
- Composition Roof
- Asphalt Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 1,474 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Low Emissivity Windows
- Vinyl Clad Windows
- Loft
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Smart Appliances
- Disposal
Flooring
- Carpet
- Laminate
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Security System Owned
- Security Gate
- Smart Thermostat
- Fire and Smoke Detector
Parking
- 1 Car Attached Garage
- Carport
- 1 Parking Space Included
- Alley Access
- Garage Door Opener
- Assigned Parking
Eco-Friendly Details
- Xeriscape Landscape
Outdoor Features
- Balcony
- Courtyard
- Patio
Schools
- Booth Elementary School
- Vaughn Middle School
- Wooster High School
Utilities
- Refrigerated Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Connected
- Individual Gas Meter
- Separate Water Meter: 2
- Electric Water Heater
- Internet Available
- Centralized Data Panel
- Cable TV Available
Listing and Financial Details
- Tenant pays for internet, water, sewer, gas, electricity
- Assessor Parcel Number 007-233-06
Community Details
Overview
- 2 Units
- Reno Community
- Evans Northeast Addition Subdivision
- The community has rules related to covenants, conditions, and restrictions
Pet Policy
- No Pets Allowed
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2025 11/04/25 | Price Changed | $697,000 | -2.5% | $473 / Sq Ft | |
| 10/10/2025 10/10/25 | Price Changed | $715,000 | -1.4% | $485 / Sq Ft | |
| 09/12/2025 09/12/25 | For Sale | $725,000 | +14.2% | $492 / Sq Ft | |
| 06/21/2023 06/21/23 | Sold | $635,000 | +2.4% | $431 / Sq Ft | View Prior Sale |
| 05/21/2023 05/21/23 | Pending | -- | -- | -- | |
| 05/17/2023 05/17/23 | For Sale | $619,950 | -- | $421 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $635,000 | First American Title | |
| Bargain Sale Deed | $400,000 | First Centennial Title Reno | |
| Interfamily Deed Transfer | -- | First Centennial Reno | |
| Interfamily Deed Transfer | -- | First Centennial Reno | |
| Bargain Sale Deed | $165,000 | First Centennial Reno |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $574,887 | FHA | |
| Previous Owner | $392,755 | FHA |
Source: Northern Nevada Regional MLS
MLS Number: 250055789
APN: 007-233-06
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