Unique opportunity to own a newly renovated, fully furnished, 4 unit building located blocks from downtown Reno. Units have high ceilings, appliances, tasteful decor, and lots of charm. The fully landscaped outdoor space features a hot tub, artificial grass, lighting, and covered awnings. New heating and cooling systems were installed in 2017. This property has tons of historical character, with modern upgrades and finishing., The owners have meticulously curated almost every aspect of the building, and the running of their rental business. Most of the building is rented out for short term occupants, who consistently leave 5 star reviews. There is also one long term month-to-month tenant. A slew of resources are available to the next owner, if needed, including a staff who takes care of reservation and cleaning. The building has a built in hospitable reputation.
Closed
$1,170,000
540 W 2nd St, Reno, NV 89503
--beds
0baths
4,093sqft
Quadruplex
Built in 1914
-- sqft lot
$1,321,100 Zestimate®
$286/sqft
$1,765 Estimated rent
Home value
$1,321,100
$1.16M - $1.49M
$1,765/mo
Zestimate® history
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$1,765/mo
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$1,765/mo
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$5,375/mo
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Zillow last checked:
Listing updated:
Listed by:
Brandon Hapin S.199414 775-400-5338,
Keller Williams Group One Inc.,
Gloria Hapin S.184485 775-378-2682,
Keller Williams Group One Inc.
Bought with:
Unrepresented Buyer or Seller
Non MLS Office
Source: NNRMLS,MLS#: 240005321
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- Electric, Wall/Window Unit(s)
Appliances
- Included: Oven, Dishwasher, Dryer, Gas Range, Refrigerator, Washer
- Laundry: Common Area, In Hall, Varies By Unit
Features
- Flooring: Carpet, Laminate, Varies, Vinyl, Wood
- Windows: Blinds, Double Pane Windows, Drapes
Interior area
- Total structure area: 4,093
- Total interior livable area: 4,093 sqft
Property
Parking
- Total spaces: 4
- Parking features: Common, Garage
Features
- Stories: 2
- Exterior features: Balcony
- Fencing: Back Yard
Lot
- Size: 6,969 Square Feet
- Features: Landscaped, Sprinklers In Front, Other
Details
- Additional structures: Shed(s), Storage
- Parcel number: 01102217
- Zoning: MUDR
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame
- Foundation: Stone
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available, Water Meter Installed
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Powning Addition
HOA
- Amenities included: Barbecue
Location
- Region: Reno
Financial & listing details
- Price per square foot: $286/sqft
- Annual tax amount: $3,134
- Date on market: 5/8/2024
- Cumulative days on market: 170 days
- Listing terms: 1031 Exchange,Cash,Conventional
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2024 | Sold | $1,170,000-6.4%$286/sqft |
Source:  NNRMLS #240005321 Report a problem | ||
| 10/2/2024 | Pending sale | $1,250,000$305/sqft |
Source: NNRMLS #240005321 Report a problem | ||
| 5/30/2024 | Price change | $1,250,000-7.4%$305/sqft |
Source: NNRMLS #240005321 Report a problem | ||
| 5/7/2024 | Listed for sale | $1,350,000$330/sqft |
Source: NNRMLS #240005321 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Mountain View
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Nearby schools
GreatSchools rating
- 9/10Hunter Lake Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 6/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Hunter Lake
- 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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Estimated market value
$1,321,100
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Estimated market value
$1,321,100
- Nevada
- Washoe County
- Reno
- 89503
- Mountain View
- 540 W 2nd St
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