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$1,050,000

  • For Sale
  • Active
  • Triplex
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Save This Home
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Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history., The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.

Full Property Details for 462 Laurel St

General

  • Price: $1,050,000
  • Taxes: $3,305
  • Status: Active
  • Type: Triplex
  • Source: 2502
  • MLS ID: 250000365
  • Updated: 7/3/2025
  • Added to Site: 371 day(s) ago

Interior

  • Appliances: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Flooring: Carpet, Concrete, Laminate

Rooms

Other Rooms

  • Laundry: In Kitchen, In Unit

Additional Information

  • Security/Safety: Smoke Detector(s)

Parking

  • Total Spaces: 3
  • Parking Features: Alley Access, Assigned

Location

  • County: Washoe
  • Subdivision: Edmonds
  • Driving Directions: Valley Road

School Information

  • Elementary School: Lemelson Stem Academy
  • Middle School: Traner
  • High School: Hug

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • # Water Meters: 2
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • # Buildings: 2
  • Exterior Const.: Frame, Stucco
  • Roof: Flat
  • Windows: Blinds, Double Pane Windows, Vinyl Frames
  • Stories/Levels: 1
  • Building Size: 3340
  • Year Built: 1918

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969.6
  • Frontage: Public
  • Road Maintenance: Public Maintained Road
  • Lot Features: Landscaped
  • Zoning: Mu
  • Fencing (Description): Full

Financial Considerations

  • Price Per Sq. Ft.: $314.37
  • Tax Amount: $3,305.13
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: Water
  • Tenant Pays: All Utilities

Disclosures and Reports

  • APN: 007-193-04

Listed by Dickson Realty - Caughlin, Victoria Palladino (775) 250-5561

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Listing agent

— 462 Laurel St —

  • Victoria Palladino

    Dickson Realty - Caughlin

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NMLS#: 1598647

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

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

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with our affiliated in-house agency

Request a Quote

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

Schools serving 462 Laurel St

School District:Washoe County School District
NameGradesDistance
Fred W Traner Middle School
1700 Carville Drive, Reno, NV 89512
6-80.9 mi
Procter R Hug High School
3530 Sullivan Lane, Sparks, NV 89431
9-122.6 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 462 Laurel St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/31/2025
Price Increased
$1,050,000
10.53%
MLS
1/10/2025
Listed
$950,000
400%
MLS
7/08/2013
Sold
$190,000
—
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 462 Laurel St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,402
3%
$129,492
—
2024
$3,305
8%
$129,744
11%
2023
$3,061
3%
$117,041
20%
2022
$2,973
3%
$97,598
6%
2021
$2,881
—
$91,692
1%
2021
$2,881
8%
$90,454
3%
2019
$2,663
3%
$87,707
16%
2018
$2,586
3%
$75,921
4%
2017
$2,511
3%
$73,197
216%
2016
$2,444
330%
$23,136
10%
2015
$569
3%
$20,987
27%
2014
$555
—
$16,536
—
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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Listed by Dickson Realty - Caughlin, Victoria Palladino (775) 250-5561

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462 Laurel Street, Reno, NV 89512 (MLS# 250000365) is a Triplex property with 0 bedrooms and 0 full bathrooms. 462 Laurel Street is currently listed for $1,050,000 and was received on January 10, 2025. Want to learn more about 462 Laurel Street? Do you have questions about finding other Triplex real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.

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