$740,000
$10K PRICE DROP

650 Denslowe Dr Reno, NV 89512

West University Neighborhood

Estimated payment $4,094/month

Total Views 20,238
8 Beds
4 Baths
2,966 Sq Ft
$249 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Ceramic Tile Flooring
  • Level Lot
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Wood Siding

About This Home

Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.

Listing Agent

Jacqueline Lescott

Dickson Realty - Downtown License #S.187479 Listed on: 01/29/2026

Dickson Realty - Downtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,020

Year Built

  • Built in 1952

Lot Details

  • 6,186 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2,966 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Blinds
  • Aluminum Window Frames

Kitchen

  • Oven
  • Gas Range

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

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

Schools

  • Lemelson Stem Academy Elementary School
  • Traner Middle School
  • Hug High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Master Meter
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 008-013-08

Community Details

Overview

  • 4 Units
  • Reno Community
  • Sterling Village Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • No Laundry Facilities

Pet Policy

  • Pets Allowed

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Trash Expense $3,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,020

Year Built

Built in 1952

Lot Details

6,186 Sq Ft Lot

Listing Details

  • Year Built: 1952
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Lot Features: Landscaped, Level
  • Lot Size Acres: 0.14
  • Road Frontage Type: Public
  • Is Senior Community?: No
  • Spa Features: None
  • Has Spa?: No
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Co List Office Mls Id: 1961-o
  • Co List Office Phone: 775-324-7000
  • Special Conditions: None
  • Subdivision Name: Sterling Village
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Pet Information Pets Allowed Y N: Yes
  • Contract Rent Control Y N: No
  • Special Information Onsite Management Y N: No
  • 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: Yes
  • Pet Information Pets Comments: Currently no tenants have pets
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Special Features: None

Interior Features

  • Appliances: Gas Range, Refrigerator, Oven
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Number Of Buildings: 1
  • Owner Pays: Sewer, Trash Collection, Water
  • Total Bedrooms: 8
  • Window Features: Metal Frames, Single Pane Windows, Vinyl Frames, Blinds, Double Pane Windows, Varies
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished
  • Unit4 Furnished8: Unfurnished
  • Sprinklers: None
  • Window Features: Metal Frames, Single Pane Windows, Vinyl Frames, Blinds, Double Pane Windows, Varies
  • Owner Pays: Sewer, Trash Collection, Water

Exterior Features

  • Exterior Features: Balcony
  • Roof: Flat
  • Pool Features: None
  • Has Private Pool?: No
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Slab
  • Other Structures: None
  • Lot Pool Private Y N4: No

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Common
  • Total Parking Spaces: 6.0
  • Unit1 Garage Attached Y N: No
  • Unit1 Parking Capacity Per Unit: 2.0
  • Unit2 Garage Attached Y N2: No
  • Unit2 Parking Capacity Per Unit2: 2.0
  • Unit3 Garage Attached Y N3: No
  • Unit3 Parking Capacity Per Unit3: 2.0
  • Unit4 Garage Attached Y N4: No
  • Unit4 Parking Capacity Per Unit4: 2.0

Utilities

  • Utilities: Cellular Coverage, Water Meter Installed, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: None
  • Cooling: Wall/Window Unit(s), Varies by Unit
  • Heating: Natural Gas, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s), Varies by Unit

Fee Information

  • Trash Expense: 3600.0

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 008-013-08
  • Fencing: Partial
  • Lot Size Sq Ft: 6186.0
  • Zoning: MF30

Rental Info

  • Tenant Pays: Electricity, Gas
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 57600.0
  • Number Of Units Total: 4
  • Number Of Units Furnished: None
  • Number Of Units Leased: 4
  • Number of Month to Month Units: 4
  • Total Actual Rent: 4800.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 1020.31

MLS Schools

  • Elementary School: Lemelson Stem Academy
  • HighSchool: Hug

Map

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/09/2026 04/09/26 Price Changed $740,000 -1.3% $249 / Sq Ft
01/29/2026 01/29/26 For Sale $750,000 -- $253 / Sq Ft
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 260001005

Northern Nevada Regional MLS
Nevada Washoe County Reno 89512 West University

650 Denslowe Dr, Reno, NV

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. © 2026 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

Nearby Homes
Listing Agent
Jacqueline Lescott
Section Image
Dickson Realty - Downtown
(775) 264-0840
Your Personal Tour Guide

Ask me questions while you tour the home.