Date
Details
Price
Change
Source
5/19/2026
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/25
$1,400,000 Just Listed
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Property Description
Exceptional investment opportunity in the heart of Midtown Reno. This well-maintained 6-unit multi-family property offers the perfect blend of character, location, and long-term upside just moments from Wells Avenue, local restaurants, coffee shops, boutiques, and some of Reno's most vibrant neighborhood amenities. The property consists of a charming brick building featuring four 1-bedroom units, plus a separate 2-story duplex off the alley with two spacious 2-bedroom units and off-street parking. Ownership has continued to thoughtfully maintain and improve the property over time, with upgrades including newer roofs on both buildings, vinyl windows, furnace, hot water heater, and additional system improvements. Additional features include a shared laundry area, bike storage, and an unfinished basement offering additional storage space not included in the square footage. With one 2-bedroom unit and one 1-bedroom unit currently vacant, investors have immediate flexibility for market-rate leasing, owner-occupancy potential, or future value-add opportunities. Located in one of Reno's most walkable and rapidly evolving neighborhoods, this is a rare chance to own a multi-unit asset in highly desirable Midtown Reno with strong rental appeal and future growth potential.
Full Property Details
Full Property Details for 251 E Arroyo St
General
- Price: $1,400,000
- Taxes: $2,278
- Status: Active
- Type: Commercial Multi-Family
- Source: 2502
- MLS ID: 260006290
- Updated: 5/19/2026
- Added to Site: 1 day(s) ago
Business
- Name: None
- Business Type: Other
Interior
- Flooring: Carpet, Luxury Vinyl, Wood
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Security/Safety: Smoke Detector(s)
Parking
- Parking Features: Alley Access, Off Street, Paved
Location
- County: Washoe
- Subdivision: Victoria Park Tract
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Baseboard, Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Exterior Const.: Brick Veneer
- Roof: Composition, Pitched, Shingle
- Common Walls: 2+ Common Walls
- Windows: Double Pane Windows
- Stories/Levels: 2
- Building Size: 3677
- Sq. Ft. Source: Assessor
- Year Built: 1945
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 7,013
- Frontage: Public
- Lot Features: Level
- Zoning: GC
- Fencing (Description): None
Financial Considerations
- Price Per Sq. Ft.: $380.75
- Tax Amount: $2,278.94
- Terms: 1031 Exchange, Cash, Conventional
Disclosures and Reports
- APN: 014-073-15
Listed by Marmot Properties, LLC, Laura Kirsch (775) 391-9076
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Listing agent
— 251 E Arroyo St —
Laura Kirsch
Marmot Properties, LLC
NMLS#: 1598647
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Schools
Schools serving 251 E Arroyo St
School District:Washoe County School District
| Name | Grades | Distance |
|---|---|---|
Veterans Memorial Elementary School 1200 Locust Street, Reno, NV 89502 | K-5 | 0.2 mi |
E Otis Vaughn Middle School 1200 Bresson Avenue, Reno, NV 89502 | 6-8 | 0.6 mi |
Earl Wooster High School 1331 East Plumb Lane, Reno, NV 89502 | 9-12 | 1.1 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 251 E Arroyo St
Tax History
Tax History for 251 E Arroyo St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,279
—
$122,066
9%
2025
$2,279
8%
$111,738
1%
2024
$2,110
8%
$110,367
2%
2023
$1,957
8%
$107,954
27%
2022
$1,808
8%
$85,068
16%
2021
$1,677
—
$73,609
6%
2021
$1,677
8%
$69,722
5%
2019
$1,557
4%
$66,221
17%
2018
$1,503
4%
$56,642
1%
2017
$1,443
1%
$56,246
5%
2016
$1,435
-1%
$53,329
10%
2015
$1,447
3%
$48,668
14%
2014
$1,406
—
$42,799
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 251 E Arroyo St
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- Mobile Home
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,344Sq. Ft.
- Mobile Home
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,716Sq. Ft.
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- Mobile Home
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,656Sq. Ft.
- Mobile Home
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,650Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 1,860Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,296Sq. Ft.
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251 E Arroyo Street, Reno, NV 89502 (MLS# 260006290) is a Commercial Multi-Family property. 251 E Arroyo Street is currently listed for $1,400,000 and was received on May 19, 2026. Want to learn more about 251 E Arroyo Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Reno Heights? You can browse all Reno Heights real estate or contact a Coldwell Banker agent to request more information.