Well-located 5-unit multifamily investment opportunity just minutes from downtown Reno and the Truckee River. The property consists of two separate buildings on one parcel. 820 W 1st Street features a spacious 2-bedroom, 1-bath unit with approximately 1,064 sq. ft. and an attached two-car garage. 822 W 1st Street is a two-story fourplex offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each approximately 792 sq. ft. Every unit includes its own garage, providing added tenant appeal and rental stability. The property also features a shared common area courtyard, enhancing tenant enjoyment and community feel. Its desirable location near dining, entertainment, and outdoor recreation, combined with strong rental characteristics, makes this an excellent opportunity for investors seeking long-term growth and cash flow.
For sale
$995,000
820 W 1st St, Reno, NV 89503
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1926
-- sqft lot
$940,800 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story fourplexShared common area courtyardAttached two-car garage
- 1 day |
- 266 |
- 18 |
Zillow last checked:
Listed by:
Tom Abbott BS.0146826,
Engel & Völkers Reno
Source: Engel & Volkers,MLS#: 260004705
Tour with a local agent
Facts & features
Interior
Heating
- Radiant
Cooling
- Has cooling: Yes
Features
- Has basement: No
- Has fireplace: Yes
Property
Lot
- Size: 9,583.2 Square Feet
Details
- Parcel number: 01109114
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- Year built: 1926
Community & HOA
Community
- Subdivision: Powning Addition
Location
- Region: Reno
Financial & listing details
- Tax assessed value: $366,745
- Annual tax amount: $2,679
- Date on market: 4/18/2026
- Lease term: Contact For Details
Estimated market value
$940,800
$894,000 - $988,000
$1,782/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2026 | Listed for sale | $995,000 |
Source:  Engel & Volkers #260004705 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,679 +3.1% | $128,361 +0.5% |
| 2024 | $2,600 +2.8% | $127,719 +4.1% |
| 2023 | $2,530 +3.1% | $122,728 +18% |
| 2022 | $2,455 +6.3% | $103,990 +18.4% |
| 2021 | $2,309 +4.9% | $87,866 |
| 2020 | $2,200 -4.7% | -- |
| 2019 | $2,309 +4.9% | $81,423 +17.8% |
| 2018 | $2,200 +11.7% | $69,104 +3.4% |
| 2017 | $1,969 | $66,826 +1% |
| 2016 | $1,969 | $66,173 +7% |
| 2015 | $1,969 +3.4% | $61,833 +18.5% |
| 2014 | $1,904 | $52,161 +5.1% |
| 2013 | $1,904 | $49,625 |
| 2012 | -- | $49,625 -6.7% |
| 2011 | -- | $53,183 -1.9% |
| 2010 | -- | $54,191 -7.3% |
| 2009 | -- | $58,487 -22.1% |
| 2008 | -- | $75,109 |
| 2007 | -- | $75,109 +11.2% |
| 2006 | -- | $67,546 +6.9% |
| 2005 | -- | $63,162 +13.1% |
| 2004 | -- | $55,854 -0.7% |
| 2003 | -- | $56,261 +0.4% |
| 2002 | -- | $56,010 |
| 2001 | -- | $56,010 |
Find assessor info on the county website
Monthly payment
Est. payment
$5,496/mo
Principal & interest
$5131
Property taxes
$365
More affordability tools
Climate risks
Neighborhood: Mountain View
Nearby schools
GreatSchools rating
- 9/10Hunter Lake Elementary SchoolGrades: K-6Distance: 1.1 mi
- 6/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Nevada
- Washoe County
- Reno
- 89503
- Mountain View
- 820 W 1st St
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