$799,000
$31K PRICE DROP

650 Elko Ave Reno, NV 89512

Downtown Reno Neighborhood

Estimated payment $4,424/month

Total Views 5,170
-- Bed
-- Bath
2,165 Sq Ft
$369 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Laundry Room
  • Landscaped
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Forced Air Heating System

About This Home

Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!

Listing Agent

Angela Beard

RE/MAX Gold License #S.48237 Listed on: 04/22/2025

RE/MAX Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,002

Year Built

  • Built in 1992

Lot Details

  • 7,405 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,165 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Blinds
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • 1 Parking Space Included

Schools

  • Booth Elementary School
  • Vaughn Middle School
  • Wooster High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Master Meter
  • Gas Water Heater
  • Central Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 008-183-18

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Reno Community

Building Details

  • 4 Leased Units
  • 2 Separate Electric Meters
  • Vacancy Allowance $1,525
  • Net Operating Income $45,562

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,002

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Year Built: 1992
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Lot Features: Landscaped
  • Lot Size Acres: 0.17
  • Road Frontage Type: Public
  • Is Senior Community?: No
  • Security Features: Smoke Detector(s)
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Directions: E 7th and Elko Ave
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Tax Legal Zoning4: Md-Id
  • Building Stories5: 2
  • Lot Features Landscaped: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: 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: Booth
  • Tax Legal High School2: Wooster
  • Lot Lot Size Acres4: 0.17
  • Lot Lot Size Square Feet4: 7405.2
  • Appliances Oven: Yes
  • Appliances Gas Range: Yes
  • Foundation Details Crawl Space2: Yes
  • Tax Legal Tax Annual Amount3: 2001.56
  • Water Heater Central2: Yes
  • Incomeand Expenses Net Operating Income: 45562.0
  • Contract Rent Control Y N: No
  • Association Community Number Of Buildings2: 2.0
  • 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: No
  • Meter Information Separate Water Meters Y N: No
  • Meter Information Separate Water Heaters Y N: Yes
  • Meter Information One Primary Electric Meter Y N: No
  • Meter Information One Primary Gas Meter Y N: Yes
  • Meter Information One Primary Water Meter Y N: Yes
  • Tax Legal Middleor Junior School: Vaughn
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Meter Information Number Of Separate Electric Meters: 2
  • Unit Details Number Of Units Leased: 4
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
  • Number Of Buildings: 2
  • Other Equipment: Varies By Unit
  • Owner Pays: All Utilities
  • Window Features: Blinds, Double Pane Windows, Low-Emissivity Windows, Vinyl Frames
  • Flooring Carpet: Yes
  • Window Features Double Pane Windows: Yes
  • Window Features Vinyl Frames: Yes
  • Window Features Blinds: Yes
  • Flooring Ceramic Tile: Yes
  • Window Features Low- Emissivity Windows: Yes
  • Flooring Laminate: Yes
  • Flooring Vinyl: Yes
  • Cooling Wall Window Unit(s): Yes
  • Interior Fireplace Y N3: No
  • Interior Building Area Total3: 2165.0
  • Laundry Features Common Area2: Yes
  • Unit1 Furnished3: Unfurnished
  • Unit2 Furnished6: Unfurnished
  • Unit3 Furnished7: Unfurnished
  • Unit4 Furnished8: Unfurnished

Exterior Features

  • Roof: Composition, Shingle
  • Stories: 2
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Crawl Space
  • Construction Materials Wood Siding: Yes
  • Roof Composition: Yes
  • Roof Shingle: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • Parking Information Parking Total4: 6.0
  • Unit1 Garage Attached Y N: No
  • Unit1 Parking Capacity Per Unit: 1.0
  • 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: 1.0

Utilities

  • Utilities: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Utilities Heating Y N5: Yes
  • Utilities Cooling Y N5: Yes
  • Owner Pays All Utilities: Yes

Schools

  • Middle Or Junior School: Vaughn

Lot Info

  • Parcel Number: 008-183-18
  • Fencing: Partial
  • Lot Size Sq Ft: 7405.2
  • Zoning: Md-Id

Rental Info

  • Tenant Pays: See Remarks, None

Multi Family

  • Gross Scheduled Income: 55666.0
  • Number Of Units Total: 4
  • Number Of Units Leased: 4
  • Income And Expenses Vacancy Allowance: 1525
  • Number Of Separate Electric Meters: 2
  • Income And Expenses Vacancy Allowance: 1525

Tax Info

  • Tax Annual Amount: 2001.56

MLS Schools

  • Elementary School: Booth
  • HighSchool: Wooster

Map

Range of Values:

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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 Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $799,000 -3.7% $369 / Sq Ft
04/22/2025 04/22/25 For Sale $830,000 0.0% $383 / Sq Ft
08/02/2013 08/02/13 Rented $550 -24.1% --
08/02/2013 08/02/13 Under Contract -- -- --
07/24/2013 07/24/13 Rented $725 -3.3% --
07/24/2013 07/24/13 Under Contract -- -- --
06/05/2013 06/05/13 For Rent $750 0.0% --
05/13/2013 05/13/13 For Rent $750 -- --
Source: Northern Nevada Regional MLS

Source: Northern Nevada Regional MLS

MLS Number: 250005215

Northern Nevada Regional MLS

APN: 008-183-18

Nevada Washoe County Reno 89512 Downtown Reno

650 Elko Ave, Reno, NV

This home is located at 650 Elko Ave, Reno, NV 89512 and is currently priced at $799,000, approximately $369 per square foot. This property was built in 1992. 650 Elko Ave is a home located in Washoe County with nearby schools including Libby C Booth Elementary School, Vaughn Middle School, and Earl Wooster High School.

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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. © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved.

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Angela Beard
Listing Agent
Angela Beard
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RE/MAX Gold
(775) 630-7894