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  • $725,000

    261 & 263 Thoma St, Reno, NV 89502

    --beds
    0baths
    1,240sqft
    Multi Family
    Built in 2018
    -- sqft lot
    $733,600 Zestimate®
    $585/sqft
    $2,450 Estimated rent

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    $2,450/mo

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    $2,450/mo

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    $4,024/mo

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    $4,024/mo

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    What's special

    261 & 263 Thoma Street is an exceptional duplex nestled in the heart of MidTown in Reno. This newer construction multifamily asset presents an outstanding stabilized investment opportunity. With its prime location in MidTown Reno, these easy to rent units offer direct access to restaurants, arts and culture events, shopping, and main thoroughfares. Take advantage of all that Reno MidTown urban living has to offer., The downstairs features a beautiful kitchen with polished concrete floors, a quaint office nook and guest bath. The upstairs master suite takes up the entire 2nd level and overlooks a portion of the downstairs area. This asset has one leased unit at $1,775 and one vacant unit to select your own tenant or have an owner occupant opportunity in one of the units. Owner occupant buyer could qualify for a low-down payment owner occupant loan on this asset. This asset can be purchased with the duplex at 265 Thoma as a portfolio sale. Do not disturb the tenants.

    Zillow last checked: 7 hours ago

    Listing updated: May 13, 2025 at 02:06pm

    Listed by:

    Austyn Jordan S.186531 775-600-7264,

    LPT Realty, LLC

    Bought with:

    Winston Chapman, S.192490

    Dickson Realty - Caughlin

    Source: NNRMLS,MLS#: 230010677MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Refrigerated
    Appliances
    • Included: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
    • Laundry: In Unit, Varies By Unit
    Features
    • Flooring: Concrete, Laminate
    • Windows: Blinds, Double Pane Windows
    • Has basement: No
    Interior area
    • Total structure area: 1,240
    • Total interior livable area: 1,240 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Common
    Features
    • Stories: 2
    • Patio & porch: Patio, Deck
    • Exterior features: Balcony
    • Fencing: Back Yard
    Lot
    • Size: 3,484 sqft
    • Features: Landscaped, Sprinklers In Front, Sprinklers In Rear
    Details
    • Parcel number: 01309225
    • Zoning: Mf30

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Wood Siding
    • Foundation: Slab
    • Roof: Composition,Shingle
    Condition
    • Year built: 2018

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available

    Community & neighborhood

    Location
    • Region: Reno
    • Subdivision: Wells Addition

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
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    Estimated market value
    $733,600