462 Laurel St Reno, NV 89512
West University NeighborhoodEstimated payment $6,074/month
Highlights
- Double Pane Windows
- Forced Air Heating and Cooling System
- Property is Fully Fenced
- Drip System Landscaping
- Concrete Flooring
- 3-minute walk to Eighth Street Park
About This Home
Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history., The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,305
Year Built
- Built in 1918
Lot Details
- 6,970 Sq Ft Lot
- Property is Fully Fenced
- Drip System Landscaping
- Sprinklers on Timer
Home Design
- Flat Roof Shape
- Slab Foundation
- Frame Construction
- Stucco
Interior Spaces
- 3,340 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Vinyl Clad Windows
- Blinds
- Fire and Smoke Detector
Kitchen
- Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
- Concrete
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Parking
- 3 Parking Spaces
- 1 Parking Space Included
- Alley Access
- Assigned Parking
Schools
- Lemelson Stem Academy Elementary School
- Traner Middle School
- Hug High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Master Meter
- Individual Gas Meter
- Separate Water Meter: 2
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for water
- Assessor Parcel Number 007-193-04
Community Details
Overview
- 2 Buildings
- 3 Units
- Reno Community
- Edmonds Subdivision
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Net Operating Income $30,510
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 | $3,305 | $129,492 | $43,190 | $86,302 |
| 2024 | $3,305 | $129,744 | $42,875 | $86,869 |
| 2023 | $3,061 | $117,041 | $36,995 | $80,046 |
| 2022 | $2,973 | $97,598 | $30,975 | $66,623 |
| 2021 | $2,881 | $91,692 | $25,760 | $65,932 |
| 2020 | $2,796 | $90,454 | $24,850 | $65,604 |
| 2019 | $2,663 | $87,707 | $24,500 | $63,207 |
| 2018 | $2,586 | $75,921 | $14,700 | $61,221 |
| 2017 | $2,511 | $73,197 | $12,250 | $60,947 |
| 2016 | $2,444 | $74,405 | $12,425 | $61,980 |
| 2015 | $569 | $20,987 | $10,220 | $10,767 |
| 2014 | $555 | $16,536 | $6,440 | $10,096 |
| 2013 | -- | $14,521 | $4,900 | $9,621 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2025 01/10/25 | For Sale | $950,000 | -- | $284 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $190,000 | Ticor Title | |
| Deed | $81,000 | First Centennial Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $149,994 | Unknown | |
| Previous Owner | $64,800 | No Value Available |
Source: Northern Nevada Regional MLS
MLS Number: 250000365
APN: 007-193-04
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