3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces!, Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.
Closed
$905,000
531 Mill St, Reno, NV 89502
--beds
0baths
2,548sqft
Multi Family
Built in 1932
-- sqft lot
$-- Zestimate®
$355/sqft
$1,366 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,366/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 02:15pm
Listed by:
Laura Kirsch S.176875 775-391-9076,
Marmot Properties, LLC
Bought with:
Dilyn Rooker, S.197799
Marmot Properties, LLC
Source: NNRMLS,MLS#: 240013036
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas, Varies by Unit
Cooling
- Central Air, Refrigerated, Varies by Unit
Appliances
- Included: Oven, Gas Range, Refrigerator
- Laundry: In Unit, Washer Hookup
Features
- Flooring: Laminate, Varies, Wood
- Windows: Blinds, Varies
- Has basement: No
Interior area
- Total structure area: 2,548
- Total interior livable area: 2,548 sqft
Property
Parking
- Total spaces: 5
- Parking features: Alley Access, Carport, Varies by Unit
- Has carport: Yes
Features
- Stories: 2
- Fencing: Full
Lot
- Size: 6,969 sqft
- Features: Landscaped
Details
- Parcel number: 01211211
- Zoning: MD-RD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Keyless Entry, Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Haydon-Shoemaker Addition
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2024 | Sold | $905,000-4.7%$355/sqft |
Source:  NNRMLS #240013036 | ||
| 11/4/2024 | Pending sale | $950,000$373/sqft |
Source: NNRMLS #240013036 | ||
| 10/28/2024 | Price change | $950,000-2.6%$373/sqft |
Source: NNRMLS #240013036 | ||
| 10/11/2024 | Listing removed | $1,850$1/sqft |
Source: Zillow Rentals | ||
| 10/10/2024 | Listed for sale | $975,000+99.4%$383/sqft |
Source: NNRMLS #240013036 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,851 +8.1% | $100,115 -0.1% |
| 2024 | $1,712 +9.5% | $100,218 +1.8% |
| 2023 | $1,563 +7.9% | $98,398 +24.8% |
Find assessor info on the county website
Neighborhood: Ryland
Nearby schools
GreatSchools rating
- 4/10Libby C Booth Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Booth
- 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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