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Active under contract-no show
  • $899,000

    175 Wonder St, Reno, NV 89502

    6beds
    3baths
    2,592sqft
    : 
    Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $347/sqft
    $-- HOA

    What's special

    Functional layoutsDetached garagePrivate yardNew paint
    ***Seller Financing Available*** This is a rare opportunity to own a cash-flowing multi-unit property in the heart of Midtown Reno. Just moments from Midtown's restaurants, shops, and downtown—yet tucked on a quiet and well kept residential street. The property features three units tenant occupied. New Roof on main house and garage. New flooring in all units save for upstairs duplex living and bedrooms. New paint. All units are 2 bed / 1 bath. The Main house (Wonder St) is 1,152 sq ft with basement, detached garage, and private yard built in 1942. The Duplex (alley access) built 1977, Is a two story, identical units, 720 sq ft each, offering functional layouts and strong rental demand. All units are currently rented, providing immediate income with additional upside through future rent increases or improvements. Zoned MF30, offering potential for further development of a **4th UNIT** and long-term value growth. Seller financing available with competitive interest rates and down payment terms, creating a unique opportunity for buyers looking to maximize leverage and returns. Ideal for: Investors seeking stable cash flow with flexible financing Owner-occupants looking to offset their mortgage. Buyers targeting Midtown appreciation and future expansion potential. Due to tenant occupancy, Please provide proof of funds/Approval Letter. Allow for 24 hours notice before showing. Please do not disturb tenants during any drive/walk by viewings
    11 days
    |
    686
    |
    40
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Bradley Wass S.191397 775-742-3438,

    Coldwell Banker Select Reno

    Source: NNRMLS,MLS#: 260005476MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      Heating
      • Forced Air
      Cooling
      • Evaporative Cooling
      Appliances
      • Included: Oven, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
      • Laundry: Varies By Unit
      Features
      • Ceiling Fan(s)
      • Flooring: Carpet, Luxury Vinyl
      • Windows: Aluminum Frames, Blinds, Double Pane Windows, Drapes, Rods, Vinyl Frames
      • Has fireplace: No
      Interior area
      • Total structure area: 2,592
      • Total interior livable area: 2,592 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: Alley Access, Detached, Garage
      Features
      • Levels: Two
      • Stories: 2
      • Exterior features: Balcony, Dog Run, Rain Gutters
      • Fencing: Back Yard,Full
      Lot
      • Size: 6,969.6 Square Feet
      • Features: Level, Sprinklers In Front, Sprinklers In Rear
      Details
      • Additional structures: None
      • Parcel number: 01322613
      • Zoning: MF40

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Frame
      • Foundation: Full Perimeter, Crawl Space
      • Roof: Asphalt,Pitched
      Condition
      • Year built: 1977

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Mccormick Addition
      Location
      • Region: Reno

      Financial & listing details

      • Price per square foot: $347/sqft
      • Tax assessed value: $278,366
      • Annual tax amount: $1,930
      • Date on market: 5/2/2026
      • Cumulative days on market: 14 days
      • Listing terms: 1031 Exchange,Cash,Conventional,FHA,Owner May Carry,VA Loan
      • Total actual rent: 3250
      • Tenant pays: Electricity

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/6/2026Contingent$899,000$347/sqft
        Source: NNRMLS #260005476 Report a problem
        5/2/2026Listed for sale$899,000$347/sqft
        Source: NNRMLS #260005476 Report a problem
        11/6/2024Listing removed$1,000
        Source: Zillow Rentals Report a problem
        11/3/2024Listed for rent$1,000
        Source: Zillow Rentals Report a problem
        6/13/2024Listing removed--
        Source: Zillow Rentals Report a problem
        6/11/2024Listed for rent$1,000+48.1%
        Source: Zillow Rentals Report a problem
        12/2/2014Listing removed$675
        Source: Zillow Rental Network Report a problem
        11/16/2014Listed for rent$675
        Source: Zillow Rental Network Report a problem
        6/15/2014Listing removed$675
        Source: Zillow Rental Network Report a problem
        6/6/2014Price change$675-12.9%
        Source: Zillow Rental Network Report a problem
        6/5/2014Listed for rent$775+24%
        Source: Zillow Rental Network Report a problem
        6/14/2013Listing removed$625
        Source: Zillow Rental Network Report a problem
        5/8/2013Listed for rent$625
        Source: Zillow Rental Network Report a problem
        11/2/2011Listing removed$625
        Source: Reno Rental Finders Report a problem
        9/10/2011Listed for rent$625
        Source: Reno Rental Finders Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,875 +2.9%$97,428 -1%
        2024$1,821 +2.8%$98,425 +1.2%
        2023$1,772 +0.7%$97,300 +22.7%
        2022$1,759 +6.7%$79,316 +21%
        2021$1,649 +5.6%$65,542
        2020$1,562 -5.3%--
        2019$1,649 +5.6%$59,556 +26.1%
        2018$1,562 +9.2%$47,234 -0.1%
        2017$1,430 $47,299 +3.5%
        2016$1,430 $45,680 +3.9%
        2015$1,430 +2.6%$43,952 +15.1%
        2014$1,393 $38,180 +6.3%
        2013$1,393 $35,914
        2012-- $35,914 -0.9%
        2011-- $36,233 -3.5%
        2010-- $37,555 -17.1%
        2009-- $45,287 -21.2%
        2008-- $57,481
        2007-- $57,481 +22.7%
        2006-- $46,833 +4.8%
        2005-- $44,697 -5%
        2004-- $47,067 -1.3%
        2003-- $47,706 +0.5%
        2002-- $47,461
        2001-- $47,461

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: East Reno

          Getting around

          95 / 100
          Walker's Paradise
          45 / 100
          Some Transit
          83 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Veterans
          • Middle: Vaughn
          • High: Wooster

          Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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