$725,000

Estimated payment $3,966/month

Total Views 27,277
4 Beds
3 Baths
1,103 Sq Ft
$657 Price per Sq Ft

Highlights

  • Additional Residence on Property
  • Deck
  • Wood Flooring
  • RV Access or Parking
  • Vaulted Ceiling
  • 3-minute walk to Dick Taylor Memorial Park

About This Home

7.2 cap rate on in place income! Opportunity to own two units with a bonus detached living space that could be used to generate additional income utilizing the space as a rental, short-term rental, or owner occupier, multi-gen living, or an art studio. The property has been meticulously maintained, with recent HVAC servicing, and jetted sewer line. The main house is 2 beds, 1 bath and 828 sqft. The garage has been converted into a modern and efficient studio that has very little vacancy. The detached bonus unit is a cleverly designed studio space with its own HVAC and water heater. All units have their own washer and dryer hookups. There is an attached RV pad with full hookups that historically brings in additional income. The property is within minutes to the University of Nevada Reno campus and there are parking spaces for 6, with dedicated City of Reno passes. Property is tenant occupied, please do not disturb the tenants.

Listing Agent

Angela Beard

RE/MAX Gold License #S.48237 Listed on: 04/06/2026

RE/MAX Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $679

Year Built

  • Built in 1948

Lot Details

  • 8,451 Sq Ft Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Home Design

  • Slab Foundation
  • Stick Built Home

Interior Spaces

  • 1,103 Sq Ft Home
  • Vaulted Ceiling
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Blinds

Kitchen

  • Oven
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Car Attached Garage
  • 2 Parking Spaces Included
  • Common or Shared Parking
  • RV Access or Parking

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Master Meter
  • Electric Water Heater

Additional Features

  • Deck
  • Additional Residence on Property

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 007-061-09

Community Details

Overview

  • 3 Units
  • Reno Community
  • University Park Subdivision

Building Details

  • 2 Leased Units
  • Trash Expense $280
  • Vacancy Allowance $1,500
  • Net Operating Income $42,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$679

Year Built

Built in 1948

Lot Details

8,451 Sq Ft Lot

Listing Details

  • Year Built: 1948
  • Property Sub Type: Income
  • Property Type: Residential Income
  • Lot Features: Level, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.194
  • Is Senior Community?: No
  • Spa Features: None
  • Has Spa?: No
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Co List Office Mls Id: 1514-o
  • Co List Office Phone: 775-787-3629
  • Special Conditions: None
  • Subdivision Name: University Park
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Special Information Covenants Conditions Restrictions Y N: No
  • Contract Rent Control Y N: No
  • Meter Information Separate Meters Y N: No
  • Meter Information One Primary Electric Meter Y N: Yes
  • Meter Information One Primary Gas Meter Y N: Yes
  • Meter Information One Primary Water Meter Y N: Yes
  • Building Accessibility Features Y N5: No
  • Tax Legal Community Name5: Reno
  • Special Features: None

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Electric Range, Refrigerator, Washer, Oven
  • Flooring: Concrete, Wood, Varies
  • Number Of Buildings: 1
  • Owner Pays: All Utilities
  • Total Bedrooms: 4
  • Interior Amenities: Vaulted Ceiling(s)
  • Window Features: Vinyl Frames, Blinds, Double Pane Windows, Low-Emissivity Windows
  • Unit1 Furnished3: Partially
  • Unit2 Furnished6: Partially
  • Unit3 Furnished7: Furnished
  • Sprinklers: Automatic, Front, Rear
  • Window Features: Vinyl Frames, Blinds, Double Pane Windows, Low-Emissivity Windows
  • Owner Pays: All Utilities

Exterior Features

  • Exterior Features: RV Hookup
  • Roof: Composition, Shingle
  • Pool Features: None
  • Has Private Pool?: No
  • Construction Type: HardiPlank Type, Shake Siding
  • Foundation Details: Slab
  • Other Structures: Second Residence
  • Patio And Porch Features: Deck
  • Lot Pool Private Y N4: No

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Common, RV Access/Parking
  • Total Parking Spaces: 6.0
  • Unit1 Garage Attached Y N: Yes
  • 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

Utilities

  • Utilities: Internet Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Laundry Features: In Unit, Varies By Unit
  • Cooling: Central Air, Varies by Unit
  • Heating: Forced Air, Heat Pump, Varies by Unit, Mini Split(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Cooling: Central Air, Varies by Unit, Mini Split(s)

Fee Information

  • Trash Expense: 280.0

Schools

  • Middle Or Junior School: Traner

Lot Info

  • Parcel Number: 007-061-09
  • Fencing: Back Yard
  • Lot Size Sq Ft: 8451.0
  • Zoning: SF8

Rental Info

  • Tenant Pays: None
  • Tenant Pays: None

Multi Family

  • Gross Scheduled Income: 50400.0
  • Number Of Units Total: 3
  • Number Of Units Furnished: All Units
  • Number Of Units Leased: 2
  • Total Actual Rent: 50400.0
  • Income And Expenses Vacancy Allowance: 1500

Tax Info

  • Tax Annual Amount: 678.84

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

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 -- $43,961 $30,660 $13,301
2025 $589 $43,578 $30,310 $13,269
2024 $589 $40,361 $28,455 $11,906
2023 $548 $41,790 $30,765 $11,025
2022 $2,585 $33,147 $24,150 $8,997
2021 $520 $24,717 $15,960 $8,757
2020 $487 $23,534 $14,945 $8,589
2019 $466 $23,290 $15,155 $8,135
2018 $441 $18,045 $10,255 $7,790
2017 $425 $15,824 $8,365 $7,459
2016 $416 $14,769 $7,280 $7,489
2015 $414 $12,969 $5,635 $7,334
2014 $401 $11,284 $4,375 $6,909
2013 -- $10,367 $3,605 $6,762
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 Prior Sale
04/06/2026 04/06/26 For Sale $725,000 +153.9% $657 / Sq Ft
08/03/2023 08/03/23 Sold $285,500 -4.8% $345 / Sq Ft View Prior Sale
06/23/2023 06/23/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $300,000 -- $362 / Sq Ft
Source: Northern Nevada Regional MLS

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 Type Sale Price Title Company
Bargain Sale Deed $285,500 First American Title
Bargain Sale Deed -- Johnson Law Practice Pllc
Quit Claim Deed $52,500 None Available
Bargain Sale Deed $110,000 Western Title Inc
Grant Deed $83,000 Western Title Company Inc
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 Loan Amount Loan Type
Previous Owner $98,900 No Value Available
Previous Owner $82,669 FHA
Source: Public Records

Source: Northern Nevada Regional MLS

MLS Number: 260003996

Northern Nevada Regional MLS

APN: 007-061-09

Your Personal Tour Guide

Ask me questions while you tour the home.