Seller's Agent in 2025
Angela Beard
RE/MAX
(775) 722-5868
4 in this area
181 Total Sales
650 Elko Ave Reno, NV 89512
Downtown Reno Neighborhood
--
Bed
--
Bath
2,165
Sq Ft
7,405
Sq Ft Lot
Highlights
- Double Pane Windows
- Laundry Room
- Landscaped
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
- Forced Air Heating System
About This Home
As of December 2025Amazing 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!
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
- The owner pays for all utilities
- 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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2025 12/29/25 | Sold | $745,000 | -6.8% | $344 / Sq Ft |
| 11/03/2025 11/03/25 | For Sale | $799,000 | +7.2% | $369 / Sq Ft |
| 10/31/2025 10/31/25 | Off Market | $745,000 | -- | -- |
| 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
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 |
|---|---|---|---|---|
| 2026 | $1,604 | $84,097 | $50,750 | $33,347 |
| 2025 | $2,002 | $82,546 | $49,000 | $33,546 |
| 2024 | $2,002 | $82,429 | $49,000 | $33,429 |
| 2023 | $1,850 | $76,875 | $45,500 | $31,375 |
| 2022 | $1,715 | $67,509 | $42,000 | $25,509 |
| 2021 | $1,590 | $60,122 | $35,000 | $25,122 |
| 2020 | $1,496 | $59,928 | $35,000 | $24,928 |
| 2019 | $1,424 | $58,898 | $35,000 | $23,898 |
| 2018 | $1,358 | $50,966 | $27,825 | $23,141 |
| 2017 | $1,306 | $40,682 | $17,710 | $22,972 |
| 2016 | $1,273 | $41,067 | $17,710 | $23,357 |
| 2015 | $1,270 | $36,507 | $13,300 | $23,207 |
| 2014 | -- | $34,608 | $12,600 | $22,008 |
| 2013 | -- | $32,254 | $10,780 | $21,474 |
Source: Public Records
Agents Affiliated with this Home
-
Angela Beard
-
Sarah Powell
Buyer's Agent in 2025
Sarah Powell
Dickson Realty
(775) 247-9146
1 in this area
48 Total Sales
-
Amber Fuller-McDade
Seller's Agent in 2013
Amber Fuller-McDade
Realty Boulevard
(775) 247-8123
29 Total Sales
-
A
Buyer's Agent in 2013
Amber McDade
First Choice Realty 500
Map
Source: Northern Nevada Regional MLS
MLS Number: 250005215
APN: 008-183-18
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