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  • Price cut: $31K (7/18)
    $799,000

    650 Elko Ave, Reno, NV 89512

    --beds
    0baths
    2,165sqft
    : 
    Quadruplex
    Built in 1992
    -- sqft lot
    $-- Zestimate®
    $369/sqft
    $-- HOA

    What's special

    Large fenced yardOff street parking spaces
    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!
    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#: 250005215MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 650 Elko Ave.

    Next available tour time:Today at 11am

    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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