*Prime Old Southwest Reno/Mid Town Quadruplex* - Exceptional Investment Opportunity- Location: This desirable quadruplex offers an unbeatable Southwest Reno location. The property consists of four, 2-bedroom, 1-bath units, each featuring in-unit laundry and convenient on-site parking. Residents enjoy close proximity to shopping and dining, nearby parks, local amenities and quick access to I-580—making this a highly attractive rental location. All 4 units are currently leased and occupied, providing immediate rental income. This is a well-priced opportunity with a motivated seller, making it ideal for investors seeking strong rental demand in a prime Reno location. Contact us today for more details.
Closed
$920,000
540 Monroe St, Reno, NV 89509
8beds
4baths
3,250sqft
Quadruplex
Built in 1989
-- sqft lot
$-- Zestimate®
$283/sqft
$1,701 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,701/mo
Zestimate® history
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$5,326/mo
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Zillow last checked:
Listing updated:
Listed by:
John A von Brincken B.146643 530-913-4311,
Nevada Real Estate Services by Intero
Bought with:
Tonnie Savage, S.187190
Coldwell Banker Select Reno
Source: NNRMLS,MLS#: 260004224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer
- Laundry: In Unit
Features
- No Interior Steps
- Flooring: Carpet, Vinyl
- Windows: Blinds, Double Pane Windows
- Has fireplace: No
Interior area
- Total structure area: 3,250
- Total interior livable area: 3,250 sqft
Property
Parking
- Total spaces: 8
- Parking features: Common
Features
- Stories: 2
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: None
Lot
- Size: 5,227 sqft
- Features: Corner Lot, Level
Details
- Additional structures: None
- Parcel number: 01404602
- Zoning: MF30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Water Connected, Cellular Coverage
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Arlington Heights
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Sold | $920,000+19.6%$283/sqft |
Source:  NNRMLS #260004224 Report a problem | ||
| 4/13/2026 | Contingent | $769,000$237/sqft |
Source: NNRMLS #260004224 Report a problem | ||
| 4/9/2026 | Listed for sale | $769,000$237/sqft |
Source: NNRMLS #260004224 Report a problem | ||
| 5/25/2013 | Listing removed | $625 |
Source: RE/MAX PREMIER PROPERTIES #130005123 Report a problem | ||
| 5/8/2013 | Listed for rent | $625 |
Source: RE/MAX PREMIER PROPERTIES #130005123 Report a problem | ||
| 11/17/2011 | Listing removed | $625 |
Source: RealRentals.com Report a problem | ||
| 10/8/2011 | Price change | $625-3.8% |
Source: RealRentals.com Report a problem | ||
| 7/19/2011 | Listed for rent | $650 |
Source: RE/MAX Premier Properties Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,741 +8% | $145,310 -0.9% |
| 2024 | $3,464 +3% | $146,561 +4.8% |
| 2023 | $3,364 +7.9% | $139,859 +20.6% |
| 2022 | $3,116 +1.1% | $115,944 +16.1% |
| 2021 | $3,081 +5% | $99,855 +6.2% |
| 2020 | $2,935 -4.7% | $94,050 |
| 2019 | $3,081 +5% | $94,050 +9% |
| 2018 | $2,935 +10.7% | $86,254 -0.5% |
| 2017 | $2,652 | $86,667 +2.6% |
| 2016 | $2,652 | $84,443 +11.6% |
| 2015 | $2,652 +3.2% | $75,652 +3.5% |
| 2014 | $2,570 | $73,086 +6.3% |
| 2013 | $2,570 | $68,731 |
| 2012 | -- | $68,731 +4.1% |
| 2011 | -- | $66,001 +1.7% |
| 2010 | -- | $64,890 -0.8% |
| 2009 | -- | $65,400 -11.2% |
| 2008 | -- | $73,658 |
| 2007 | -- | $73,658 +7.4% |
| 2006 | -- | $68,565 +5.8% |
| 2005 | -- | $64,780 +4.6% |
| 2004 | -- | $61,955 -1.1% |
| 2003 | -- | $62,661 +0.7% |
| 2002 | -- | $62,226 |
| 2001 | -- | $62,226 |
Find assessor info on the county website
Neighborhood: Plumus
Nearby schools
GreatSchools rating
- 8/10Mount Rose Elementary SchoolGrades: K-8Distance: 0.2 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.9 mi
- 6/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Mt. Rose
- Middle: Swope
- High: Reno
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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- Nevada
- Washoe County
- Reno
- 89509
- Plumus
- 540 Monroe St