$740,000
$10K PRICE DROP

650 Denslowe Dr Reno, NV 89512

West University Neighborhood

Estimated payment $4,008/month

Total Views 14,541
8 Beds
4 Baths
2,966 Sq Ft
$249 Price per Sq Ft

Highlights

  • Balcony
  • Cooling System Mounted To A Wall/Window
  • Landscaped
  • Double Pane Windows
  • Ceramic Tile Flooring
  • Partially Fenced Property

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
  • Partially Fenced Property
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Wood Siding
  • Stick Built Home

Interior Spaces

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

Kitchen

  • Oven
  • Gas Range

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

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

Outdoor Features

  • Balcony

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
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, trash collection, sewer
  • 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

  • Common Area
  • 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
  • Subdivision Name: Sterling Village
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: MF30
  • Building Stories5: 2
  • Lot Features Landscaped: Yes
  • Foundation Details Slab: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Partial2: Yes
  • Water Heater Gas5: Yes
  • Construction Materials Frame: Yes
  • Association Community Senior Community Y N3: No
  • Tax Legal Elementary School2: Lemelson Stem Academy
  • Tax Legal High School2: Hug
  • Lot Lot Size Acres4: 0.14
  • Lot Lot Size Square Feet4: 6186.0
  • Pet Information Pets Allowed Y N: Yes
  • Appliances Oven: Yes
  • Owner Pays Water3: Yes
  • Appliances Gas Range: Yes
  • Owner Pays Sewer2: Yes
  • Owner Pays Trash Collection: Yes
  • Tax Legal Tax Annual Amount3: 1020.31
  • Lot Features Adjoins Common Area: Yes
  • Lot Spa Y N4: No
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 1.0
  • Building Number Of Units Total5: 4.0
  • 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
  • Tax Legal Middleor Junior School: Traner
  • Pet Information Pets Comments: Currently no tenants have pets
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Levels Two: Yes
  • Security Features Carbon Monoxide Detector(s): Yes
  • Incomeand Expenses Total Actual Rent: 4800.0
  • Incomeand Expenses Trash Expense: 3600.0
  • Meter Information Number Of Separate Electric Meters: 4
  • Meter Information Number Of Separate Gas Meters: 4
  • Unit Details Number Of Units Leased: 4
  • Typeof Construction Site Stick- Built2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Oven, Gas Range, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Number Of Buildings: 1
  • Owner Pays: Water, Trash Collection, Sewer
  • Total Bedrooms: 8
  • Window Features: Blinds, Double Pane Windows, Metal Frames, Single Pane Windows, Vinyl Frames, Varies
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Window Features Blinds: Yes
  • Flooring Ceramic Tile: Yes
  • Window Features Metal Frames: Yes
  • Flooring Laminate: Yes
  • Flooring Vinyl: Yes
  • Cooling Wall Window Unit(s): Yes
  • Interior Fireplace Y N3: No
  • Laundry Features None15: Yes
  • Interior Building Area Total3: 2966.0
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished
  • Unit4 Furnished8: Unfurnished

Exterior Features

  • Exterior Features: Balcony
  • Roof: Flat
  • Stories: 2
  • Pool Features: None
  • Has Private Pool?: No
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Slab
  • Other Structures: None
  • Construction Materials Wood Siding: Yes
  • Roof Flat: Yes
  • Exterior Features Balcony: Yes
  • Lot Pool Private Y N4: No

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Common
  • Total Parking Spaces: 6.0
  • Parking Information Parking Total4: 6.0
  • Parking Features Common: Yes
  • 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: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed
  • 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
  • Utilities Cable Available: Yes
  • Utilities Water Meter Installed: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Wall Furnace: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Utilities Natural Gas Connected: Yes

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: Gas, Electricity

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

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

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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.

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Listing Agent
Jacqueline Lescott
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Dickson Realty - Downtown
(775) 264-0840
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