Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!
Active
Price cut: $31K (7/18)
$799,000
650 Elko Ave, Reno, NV 89512
--beds
0baths
2,165sqft
Est.:
Quadruplex
Built in 1992
-- sqft lot
$-- Zestimate®
$369/sqft
$-- HOA
What's special
Large fenced yardOff street parking spaces
- 107 days
- on Zillow |
- 194 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 02:05pm
Listed by:
Angela Beard S.48237 775-722-5868,
RE/MAX Gold
Source: NNRMLS,MLS#: 250005215

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
- Windows: Blinds, Double Pane Windows, Low Emissivity Windows, Vinyl Frames
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,165
- Total interior livable area: 2,165 sqft
Property
Parking
- Total spaces: 6
Features
- Stories: 2
- Fencing: Partial
Lot
- Size: 7,405.2 Square Feet
- Features: Landscaped
Details
- Parcel number: 00818318
- Zoning: Md-Id
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Wood Siding
- Foundation: Crawl Space
- Roof: Composition,Shingle
Condition
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Reno
Financial & listing details
- Price per square foot: $369/sqft
- Tax assessed value: $235,846
- Annual tax amount: $2,001
- Date on market: 4/22/2025
- Listing terms: 1031 Exchange,Cash,Conventional
- Tenant pays: See Remarks, None
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