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$195,000
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Property Description
INVESTOR SPECIAL seller finance terms available with 30% down. Two buildings featuring 7-units (one 5-unit and one duplex) in a premium location off Main Street in downtown Fallon. With a growing Naval Air Station and steady rental demand in the area, this property has potential to become a CASH COW. This property has so much potential and just needs someone to take it to the finish line. This property could also utilized as a land play with a great central location to build new and utilize the C-1 Zoning. 7 units all 1 bed, 1 bath and similar size. Many big ticket projects have been nearly completed including a new sewer line, new electrical master panel with romex wiring in the main building (option to individually meter available), Newer 200 gallon hot water heater system, new Pex water lines and plumbing, and a sealed roof with scuppers on the main building. Building plans for the 5-unit building found in photos will transfer with the property along with any and all building material on-site. Third structure may be used for a laundry facility or additional storage. Advantageous C-1 zoning will allow for a myriad of additional uses.
Full Property Details
Full Property Details for 79 W Richards
General
- Sold For: $195,000
- Taxes: $1,490
- Status: Closed
- Type: Multi-Family
- Source: 2502
- MLS ID: 220009972
- Added to Site: 1, 294 day(s) ago
Interior
- Flooring: None
Parking
- Parking: None
Location
- County: Churchill
- Driving Directions: Main St.
Heating & Cooling
- Heating Fuel: Air Unit, Natural Gas, Wall Heater
- Water Heater: Natural Gas
Structural Information
- Construction: Masonry
- Exterior Const.: Stucco
- Roof: Flat
- Disability Access: Public
- Stories/Levels: 2 Story
- Year Built: 1923
Unit Information
- Units in Building: 7
- Unit Features: None
- 1 Bedroom Units: 7
Lot Features
- Zoning: C-1
Financial Considerations
- Price Per Sq. Ft.: $56.93
- Assessment Amount: $1,923
- Tax Amount: $1,490.27
Disclosures and Reports
- Documents Avail.: None
- APN: 152801
Listed by Blue Sierra Realty, Cameron Meals (775) 544-4423
Sold by Sierra Sotheby's Intl. Realty, Kate Leddy-Tate
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Schools
Schools serving 79 W Richards
School District:Churchill County School District
| Name | Grades | Distance |
|---|---|---|
E C Best Elementary School 750 East Williams Avenue, Fallon, NV 89406 | 2-3 | 0.7 mi |
Lahontan Elementary School 1099 Merton Drive, Fallon, NV 89406 | K-1 | 0.9 mi |
Numa Elementary School 601 Discovery Drive, Fallon, NV 89406 | 4-5 | 1 mi |
Churchill County Jr. High School 650 South Maine Street, Fallon, NV 89406 | 6-8 | 0.2 mi |
Churchill County High School 1 Greenwave Circle, Fallon, NV 89406 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 79 W Richards
Date
Details
Price
Change
Source
3/17/2025
Sold
$195,000
-4.39%
MLS
1/31/2025
Price Reduced
$203,950
-0.27%
MLS
10/29/2024
Price Reduced
$204,500
-0.24%
MLS
7/17/2023
Price Reduced
$205,000
-14.58%
MLS
4/13/2023
Price Reduced
$240,000
-2.04%
MLS
7/05/2022
Listed
$245,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
79 W Richards, Fallon, NV 89406 (MLS# 220009972) is a Multi-Family property that was sold at $195,000 on March 17, 2025. Want to learn more about 79 W Richards? Do you have questions about finding other Multi-Family real estate for sale in Fallon? You can browse all Fallon real estate or contact a Coldwell Banker agent to request more information.

