***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
Active under contract-no show
$899,000
175 Wonder St, Reno, NV 89502
6beds
3baths
2,592sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$347/sqft
$-- HOA
What's special
Functional layoutsDetached garagePrivate yardNew paint
- 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#: 260005476
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
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Contingent | $899,000$347/sqft |
Source: | ||
| 5/2/2026 | Listed for sale | $899,000$347/sqft |
Source: | ||
| 11/6/2024 | Listing removed | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 11/3/2024 | Listed for rent | $1,000 |
Source: Zillow Rentals Report a problem | ||
| 6/13/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/11/2024 | Listed for rent | $1,000+48.1% |
Source: Zillow Rentals Report a problem | ||
| 12/2/2014 | Listing removed | $675 |
Source: Zillow Rental Network Report a problem | ||
| 11/16/2014 | Listed for rent | $675 |
Source: Zillow Rental Network Report a problem | ||
| 6/15/2014 | Listing removed | $675 |
Source: Zillow Rental Network Report a problem | ||
| 6/6/2014 | Price change | $675-12.9% |
Source: Zillow Rental Network Report a problem | ||
| 6/5/2014 | Listed for rent | $775+24% |
Source: Zillow Rental Network Report a problem | ||
| 6/14/2013 | Listing removed | $625 |
Source: Zillow Rental Network Report a problem | ||
| 5/8/2013 | Listed for rent | $625 |
Source: Zillow Rental Network Report a problem | ||
| 11/2/2011 | Listing removed | $625 |
Source: Reno Rental Finders Report a problem | ||
| 9/10/2011 | Listed for rent | $625 |
Source: Reno Rental Finders Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $47,461 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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Climate risks
Neighborhood: East Reno
Nearby schools
GreatSchools rating
- 2/10Veterans Memorial Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 1.2 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Nevada
- Washoe County
- Reno
- 89502
- East Reno
- 175 Wonder St







