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$525,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 23 hours ago
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Excellent opportunity to acquire income-producing 4-unit investment property with an estimated $27,000 annual NOI and a 5.14 CAP rate. The property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering a desirable mix of unit sizes. Originally constructed in 1949 as the 7-unit Sage Motel, the property was converted to apartments in 2005 and operated as multifamily housing through 2016. Between 2018 and 2019, the property underwent an extensive renovation, including a new roof, plumbing, electrical, doors, Low-E double-pane windows, flooring, paint, water heaters, appliances, and numerous additional improvements, creating attractive, low-maintenance units. Each apartment is separately metered for gas and electricity, helping reduce operating expenses. The property includes approximately 2,184 square feet in the main building plus a 130-square-foot detached laundry/storage building. Commercial zoning provides exceptional flexibility for investors and owner-users alike. Potential uses include long-term apartments, short-term rentals, motel/hospitality, Airbnb or vacation rentals (subject to local regulations), retail, office space, or a live/work business opportunity. Seller financing is available with negotiable owner-carry terms, making this an attractive option for qualified buyers seeking positive cash flow and flexible acquisition terms.

Full Property Details for 1335 Cornell Ave

General

  • Price: $525,000
  • Taxes: $1,566
  • Status: Active
  • Type: Multi-Family
  • Source: 2502
  • MLS ID: 260008894
  • Updated: 7/11/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Oven, Dryer, Gas Range, Refrigerator, Washer
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Common Area

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: None

Parking

  • Total Spaces: 8
  • Parking Features: Assigned

Location

  • County: Pershing
  • Subdivision: Webb Addition

School Information

  • Elementary School: Lovelock
  • Middle School: Pershing
  • High School: Pershing

Heating & Cooling

  • Heating Type: Electric, Natural Gas, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • # Buildings: 1
  • Exterior Const.: Frame, Vinyl Siding
  • Roof: Composition, Pitched, Shingle
  • Windows: Blinds, Double Pane Windows, Vinyl Frames
  • Stories/Levels: 1
  • Building Size: 2184
  • Year Built: 1949

Additional Structures

  • Other Structures: Other

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,750
  • Frontage: Public
  • Road Maintenance: Public Maintained Road
  • Lot Features: Level
  • Zoning: C
  • Fencing (Description): Partial

Financial Considerations

  • Tax Amount: $1,566.6
  • Terms: 1031 Exchange, Cash, Conventional, Owner May Carry, Owner May Carry 2nd
  • Owner Pays: Water, Trash Collection, Sewer, Exterior Maintenance
  • Tenant Pays: Internet, Telephone, Hot Water, Gas, Electricity, Cable TV

Disclosures and Reports

  • APN: 001-044-07

Listed by RE/MAX Gold, Joshua Talayka (775) 220-1630

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Listing agent

— 1335 Cornell Ave —

  • Joshua Talayka

    RE/MAX Gold

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1335 Cornell Ave

School District:Pershing County School District
NameGradesDistance
Lovelock Elementary School
1100 Harvard Way, Lovelock, NV 89419
PK-50.5 mi
Pershing County Middle School
1295 Elmhurst Avenue, Lovelock, NV 89419
6-80.3 mi
Pershing County High School (And Alternative Ed)
1215 Franklin Avenue, Lovelock, NV 89419
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1335 Cornell Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/11/2026
Listed
$525,000
110%
MLS
4/10/2020
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1335 Cornell Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,567
5%
$29,776
11%
2024
$1,489
5%
$26,932
9%
2023
$1,417
14%
$24,650
10%
2021
$1,238
76%
$22,342
-2%
2022
$703
-43%
$22,749
3%
2021
$1,238
—
$22,111
-3%
2019
$1,241
56%
$22,709
4%
2018
$797
1%
$21,782
1%
2017
$788
1%
$21,537
1%
2016
$780
—
$21,315
—
2015
$777
-1%
$21,230
-1%
2014
$782
6%
$21,365
6%
2013
$740
—
$20,219
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by RE/MAX Gold, Joshua Talayka (775) 220-1630

Recent Sales near 1335 Cornell Ave

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22575 Dorsey Ln, Lovelock, NV 89419 - Photo 1 Sold
$465,000

22575 Dorsey Ln  Lovelock, NV 89419

  • Mobile Home
  • Closed
  • Updated 9 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,520
    Sq. Ft.
Listed by Desert Rose Realty, Sheryl Watson
Sold by Non MLS Office, Non MLS Agent

1335 Cornell Avenue, Lovelock, NV 89419 (MLS# 260008894) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 1335 Cornell Avenue is currently listed for $525,000 and was received on July 11, 2026. Want to learn more about 1335 Cornell Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lovelock? You can browse all Lovelock real estate or contact a Coldwell Banker agent to request more information.

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