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Downtown Reno Multifamily Homes & Duplexes for Sale

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  • /27

    $799,000

    • 2,165 Sq Ft

    650 Elko Ave, Reno, NV 89512

    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

    Angela Beard RE/MAX Gold

    650 Elko Ave, Reno, NV 89512
  • /27

    $399,000

    • 1,483 Sq Ft

    632 Quincy St, Reno, NV 89512

    Investor Alert! Flipper! 2 homes on 1 lot. Front home has been under construction by owner. No further work will be completed by Owner. Front unit has newer roof, new kitchen cabinets, granite slab counter tops, recessed lighting, ceiling fans, microwave installed, bath/shower unit is there ready for installation. Both units being sold in its current condition with NO repairs. No assignment

    Felisa Cusimano-Martin Dickson Realty - Sparks

    632 Quincy St, Reno, NV 89512

Why Live in Downtown Reno

Downtown Reno, known as "The Biggest Little City in the World," is a vibrant neighborhood with a rich history dating back to the mid-1800s mining rush. Today, it thrives on its gaming and tourism industries, attracting millions of visitors annually. The area is bustling, ideal for those who enjoy an active lifestyle. Recreation is a major draw, with hotels and casinos like Circus-Circus and the Silver Legacy offering games, live shows, and dining options. The Truckee River provides a scenic backdrop with popular fishing spots, while Wingfield Park offers a peaceful retreat with greenery and live performances. Sports enthusiasts can catch a Reno Aces baseball game at Greater Nevada Field or bowl at the National Bowling Stadium. For groceries, the Great Basin Community Food Co-Op supplies local produce, and Meadowood Mall, 6 miles southeast, caters to other shopping needs. Dining options include the Wild River Grille and the historic Gold 'n Silver Inn. Housing in Downtown Reno is primarily condo living, with prices ranging from the low-$100,000s for studios to high-rise penthouses in the high $700,000s, accompanied by HOA fees between $800 to $1,000 monthly. The neighborhood is highly walkable, with convenient access to casinos and shows. Interstate 80 and the Reno-Tahoe International Airport, 5 miles southeast, provide easy travel options. Public transportation is available with frequent bus pickups. Students attend highly rated schools, including Archie Clayton Pre-AP Academy and Reno High School, known for its strong academic programs.

Home Trends in Downtown Reno, NV

Housing Trends

Median Sale Price
$320,000
Median Single Family Sale Price
$366,950
Median Townhouse Sale Price
$415,000
Median 2 Bedroom Sale Price
$359,000
Median 1 Bedroom Sale Price
$302,499
Average Price Per Sq Ft
$335
Number of Homes for Sale
24
Last 12 months Home Sales
49
Months of Supply
5.90
Median List Price
$350,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
10%
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