$455,000
SOLD JUN 2, 2025

541 Colorado River Blvd Reno, NV 89502

Wells Avenue District Neighborhood
-- Bed
-- Bath
1,221 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$373 Per Sq Ft

4% Below List Price

92 Days on Market

Highlights

  • Wood Flooring
  • Asbestos
  • Heating System Uses Natural Gas
  • Double Pane Windows
  • Wood Siding
  • 1-Story Property

About This Home

As of June 2025

There was the third unit but it was required to be removed by the city because of no permits. New owner is asked to take the property in current condition. Call listing agent for information on that middle unit. Possible more units to be added. Cash only.

Last Agent to Sell the Property

Karen Walker-Hill

Ferrari-Lund Real Estate Reno License #S.14934 Listed on: 02/11/2025

Ferrari-Lund Real Estate Reno

Last Buyer's Agent

Tayona Tate

NextHome Yourpickettfence Group License #B.146206

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,390

Year Built

  • Built in 1926

Lot Details

  • 10,454 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Asbestos

Interior Spaces

  • 1,221 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Laminate

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Assigned Parking

Schools

  • Veterans Elementary School
  • Vaughn Middle School
  • Wooster High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 01341413

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Reno Community
  • Southside Subdivision

Building Details

  • Net Operating Income $22,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,390

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Year Built: 1926
  • Property Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Frontage Type: Public
  • Is Senior Community?: No
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 643-o
  • Co List Office Phone: 775-688-4000
  • Subdivision Name: Southside
  • Directions: Kirman
  • Has Cooling?: No
  • Has Fireplace?: No
  • Tax Legal Zoning4: Mf21
  • Building Stories5: 1
  • Fencing Back Yard: Yes
  • Construction Materials Asbestos: Yes
  • Foundation Details Slab: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Security Features Smoke Detector(s): Yes
  • Water Heater Gas5: Yes
  • Construction Materials Frame: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Veterans
  • Tax Legal High School2: Wooster
  • Lot Lot Size Acres4: 0.24
  • Lot Lot Size Square Feet4: 10454.4
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 1390.08
  • Incomeand Expenses Net Operating Income: 22125.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 3.0
  • Building Number Of Units Total5: 2.0
  • Special Information Onsite Management Y N: No
  • Meter Information Separate Meters Y N: Yes
  • Meter Information Separate Electric Meters Y N: No
  • Meter Information Separate Gas Meters Y N: Yes
  • Meter Information Separate Water Meters Y N: Yes
  • Meter Information Separate Water Heaters Y N: No
  • 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: No
  • Tax Legal Middleor Junior School: Vaughn
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Oven, Dryer, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Laminate, Wood
  • Number Of Buildings: 3
  • Window Features: Double Pane Windows, Single Pane Windows
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Laundry Features In Hall: Yes
  • Flooring Wood: Yes
  • Flooring Laminate: Yes
  • Interior Fireplace Y N3: No
  • Interior Building Area Total3: 1221.0

Exterior Features

  • Roof: Composition, Pitched, Shingle
  • Stories: 1
  • Construction Type: Asbestos, Frame, Wood Siding
  • Foundation Details: Slab, Crawl Space
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Assigned
  • Total Parking Spaces: 6.0
  • Parking Information Parking Total4: 6.0
  • Parking Features Assigned: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed
  • Water Source: Public
  • Laundry Features: In Hall
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Water Meter Installed: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: No

Schools

  • Middle Or Junior School: Vaughn

Lot Info

  • Parcel Number: 01341413
  • Fencing: Back Yard
  • Lot Size Sq Ft: 10454.4
  • Zoning: Mf21

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 28860.0
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1390.08

MLS Schools

  • Elementary School: Veterans
  • HighSchool: Wooster

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

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold $455,000 -4.2% $373 / Sq Ft
02/11/2025 02/11/25 For Sale $475,000 -- $389 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Karen Walker-Hill

    Seller's Agent in 2025

    Karen Walker-Hill

    Ferrari-Lund Real Estate Reno

    (775) 688-4000

    2 in this area

    123 Total Sales

    Karen Walker-Hill
    Section Image
  • Tayona Tate

    Buyer's Agent in 2025

    Tayona Tate

    NextHome Yourpickettfence Group

    (775) 762-8355

    1 in this area

    92 Total Sales

    Tayona Tate
    Section Image
See All Agents

Map

Source: Northern Nevada Regional MLS

MLS Number: 250001622

Northern Nevada Regional MLS

APN: 013-414-13

Nevada Washoe County Reno 89502 Wells Avenue District

541 Colorado River Blvd, Reno, NV

This home is located at 541 Colorado River Blvd, Reno, NV 89502 and is currently priced at $455,000, approximately $372 per square foot. This property was built in 1926. 541 Colorado River Blvd is a home located in Washoe County with nearby schools including Veterans Memorial 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