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$745,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 10 days ago
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See This Home
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Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!

Full Property Details for 650 Elko Ave

General

  • Sold For: $745,000
  • Taxes: $2,001
  • Status: Closed
  • Type: Multi-Family
  • Source: 2502
  • MLS ID: 250005215
  • Added to Site: 74 day(s) ago

Interior

  • Appliances: Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Security/Safety: Smoke Detector(s)
  • Equipment: Varies By Unit

Parking

  • Total Spaces: 6

Location

  • County: Washoe
  • Driving Directions: E 7th and Elko Ave

School Information

  • Elementary School: Booth
  • Middle School: Vaughn
  • High School: Wooster

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
  • # Electric Meters: 2

Structural Information

  • # Buildings: 2
  • Exterior Const.: Frame, Wood Siding
  • Roof: Composition, Shingle
  • Windows: Blinds, Double Pane Windows, Low-Emissivity Windows, Vinyl Frames
  • Stories/Levels: 2
  • Building Size: 2165
  • Year Built: 1992

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405.2
  • Frontage: Public
  • Road Maintenance: Public Maintained Road
  • Lot Features: Landscaped
  • Zoning: Md-Id
  • Fencing (Description): Partial

Financial Considerations

  • Price Per Sq. Ft.: $369.05
  • Tax Amount: $2,001.56
  • Terms: 1031 Exchange, Cash, Conventional
  • Owner Pays: All Utilities
  • Tenant Pays: See Remarks, None

Disclosures and Reports

  • APN: 008-183-18

Listed by RE/MAX Gold, Angela Beard (775) 722-5868
Sold by Dickson Realty - Caughlin, Sarah Powell

Listing agent

— 650 Elko Ave —

  • Angela Beard

    RE/MAX Gold

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 650 Elko Ave

School District:Washoe County School District
NameGradesDistance
Libby C Booth Elementary School
1450 Stewart Street, Reno, NV 89502
K-51.2 mi
E Otis Vaughn Middle School
1200 Bresson Avenue, Reno, NV 89502
6-81.6 mi
Earl Wooster High School
1331 East Plumb Lane, Reno, NV 89502
9-122.2 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 650 Elko Ave

Date
Details
Price
Change
Source
12/29/2025
Sold
$745,000
-6.76%
MLS
7/18/2025
Price Reduced
$799,000
-3.73%
MLS
4/22/2025
Listed
$830,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Gold, Angela Beard (775) 722-5868
Sold by Dickson Realty - Caughlin, Sarah Powell

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650 Elko Avenue, Reno, NV 89512 (MLS# 250005215) is a Multi-Family property that was sold at $745,000 on December 29, 2025. Want to learn more about 650 Elko Avenue? Do you have questions about finding other Multi-Family real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.