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!
Closed
$745,000
650 Elko Ave, Reno, NV 89512
--beds
0baths
2,165sqft
Quadruplex
Built in 1992
-- sqft lot
$-- Zestimate®
$344/sqft
$2,678 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,678/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 05, 2026 at 03:47pm
Listed by:
Angela Beard S.48237 775-722-5868,
RE/MAX Gold
Bought with:
Sarah Powell, S.190549
Dickson Realty - Caughlin
Source: NNRMLS,MLS#: 250005215
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 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 sqft
- 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
- 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 & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Reno
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/29/2025 | Sold | $745,000+204.1%$344/sqft |
Source:  NNRMLS #250005215 Report a problem | ||
| 1/28/2013 | Sold | $245,000+285.8%$113/sqft |
Source: Public Record Report a problem | ||
| 4/25/2012 | Sold | $63,500$29/sqft |
Source: Agent Provided Report a problem | ||
| 2/14/2012 | Sold | $63,500-47.5%$29/sqft |
Source: Public Record Report a problem | ||
| 3/9/2011 | Sold | $121,044-32.8%$56/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,002 +8.2% | $82,546 +0.1% |
| 2024 | $1,850 +7.9% | $82,429 +7.2% |
| 2023 | $1,715 +7.9% | $76,875 +13.9% |
Find assessor info on the county website
Neighborhood: East 4th Street
Nearby schools
GreatSchools rating
- 1/10Libby C Booth Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 2.2 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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