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.
Under contract
$995,000
820 W 1st St, Reno, NV 89503
--beds
--baths
--sqft
Multi Family
Built in 1926
-- sqft lot
$936,100 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story fourplexShared common area courtyardAttached two-car garage
- 16 days |
- 168 |
- 13 |
Zillow last checked:
Listed by:
Tom Abbott BS.0146826,
Engel & Völkers Reno
Source: Engel & Volkers,MLS#: 260004705
Facts & features
Interior
Heating
- Radiant
Cooling
- Has cooling: Yes
Features
- Flooring: Tile
- Has basement: No
- Has fireplace: Yes
Property
Lot
- Size: 9,583 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: 5/21/2026
- Lease term: Contact For Details
Estimated market value
$936,100
$889,000 - $983,000
$1,601/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Contingent | $995,000 |
Source:  Engel & Volkers #260004705 Report a problem | ||
| 5/21/2026 | Listed for sale | $995,000 |
Source: Engel & Volkers #260004705 Report a problem | ||
| 5/2/2026 | Listing removed | $995,000 |
Source: Engel & Volkers #260004705 Report a problem | ||
| 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 | -- | $56,010 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Mountain View
Nearby schools
GreatSchools rating
- 9/10Hunter Lake Elementary SchoolGrades: PK-5Distance: 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.
- Nevada
- Washoe County
- Reno
- 89503
- Mountain View
- 820 W 1st St
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Nearby neighborhoods
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