Michael Robinson II
Responds Quickly
Chase International-Damonte
(775) 204-7637
53 Total Sales
1 in Downtown Reno
$975,000 Price
650 Elko Ave Reno, NV 89512
Downtown Reno Neighborhood
5
Beds
3
Baths
2,165
Sq Ft
7,405
Sq Ft Lot
Highlights
- Double Pane Windows
- Ceramic Tile Flooring
- Forced Air Heating System
- Laundry Room
- Landscaped
- Partially Fenced Property
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!
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2025
Closed on
Dec 29, 2025
Sold by
Bought by
Seller's Agent
Angela Beard
RE/MAX Gold
Buyer's Agent
Sarah Powell
Dickson Realty - Caughlin
List Price
$799,000
Sold Price
$745,000
Premium/Discount to List
-$54,000
-6.76%
Views
90
Purchase Details
Listed on
Nov 3, 2025
Closed on
Dec 18, 2025
Sold by
Bought by
Seller's Agent
Angela Beard
RE/MAX Gold
Buyer's Agent
Sarah Powell
Dickson Realty - Caughlin
List Price
$799,000
Sold Price
$745,000
Premium/Discount to List
-$54,000
-6.76%
Views
90
Purchase Details
Closed on
Aug 27, 2020
Sold by
Bought by
Purchase Details
Closed on
Jan 25, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
3.28%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 25, 2012
Sold by
Bought by
Purchase Details
Closed on
Feb 13, 2012
Sold by
Bought by
Purchase Details
Closed on
Feb 8, 2012
Sold by
Bought by
Purchase Details
Closed on
Mar 5, 2011
Sold by
Bought by
Purchase Details
Closed on
Sep 22, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.72%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 13, 2004
Sold by
Bought by
Purchase Details
Closed on
May 26, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.63%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 7, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 2, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Reno, NV
-
Michael Robinson II
-
J.P. Menante
J.P. Menante
Dickson Realty - Downtown
(775) 305-7967
95 Total Sales
1 in Downtown Reno
$330,000 Price
-
Coleen Cooke
Coleen Cooke
RE/MAX Professionals-Sparks
(775) 414-6844
50 Total Sales
1 in Downtown Reno
$490,000 Price
-
Andrea Cassidy
Andrea Cassidy
PMI Reno
(775) 514-8047
20 Total Sales
1 in Downtown Reno
$240,000 Price
-
Anthony Smith
Anthony Smith
Responds QuicklyRE/MAX Professionals-Reno
(341) 222-1907
51 Total Sales
1 in Downtown Reno
$153,000 Price
-
Dave Lass
Dave Lass
Real Broker LLC
(530) 456-7759
65 Total Sales
1 in Downtown Reno
$289,500 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | First American Title | ||
| $745,000 | First Centennial Title | ||
| -- | None Available | ||
| $245,000 | Ticor Title | ||
| $63,500 | None Available | ||
| -- | Ticor Title Reno | ||
| $63,500 | Ticor Title Reno | ||
| $121,044 | None Available | ||
| $180,000 | First Centennial Title Co | ||
| -- | None Available | ||
| -- | -- | ||
| $200,000 | Western Title Incorporated | ||
| $200,000 | -- | ||
| $170,000 | First Centennial Title Co |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $183,750 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $160,000 | ||
| Previous Owner | $40,000 |
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 |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
Angela Beard
RE/MAX
(775) 722-5868
3 in this area
161 Total Sales
-
Sarah Powell
Buyer's Agent in 2025
Sarah Powell
Dickson Realty
(775) 247-9146
1 in this area
59 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
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.
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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