Courtesy: Dickson Realty - Gardnerville
775-392-3774
Exceptional Turn-Key Four-Plex Investment Opportunity in the highly desirable Gardnerville Ranchos. Rarely does a low-overhead, self-manageable asset this well maintained come to market. Situated at the very end of Chardonnay Drive on approximately one-half acre, this clean duplex pair is configured as a cohesive four-plex sharing a common driveway. The private, peaceful setting features stunning, unobstructed panoramic Sierra Nevada Mountain views and adjoins open space where the former Bing Quarry once operated. The asset consists of four spacious, single-story units totaling approximately 5,702 square feet of total living space. Each residence offers a high-demand layout featuring 1,425 square feet, 3 bedrooms, 2 bathrooms, and an attached oversized 2-car garage with built-in storage. The units boast a thoughtfully designed open-concept floor plan with vaulted ceilings, generous storage, and separate laundry rooms with full-size washer and dryer hookups. With all four units currently occupied by responsible tenants, this is a true turnkey investment. Ownership has enjoyed an impeccable tenant history with a flawless, near-zero historical vacancy rate over the past 23 years, providing investors with long-term stability and consistent cash flow. Significant capital improvements have already been completed to minimize near-term capital expenditure liabilities, including brand-new roofs completed in 2024 and fresh full exterior paint in 2025. Every unit features a fully fenced yard space with expansive lawns, concrete patios, central gas forced-air heating, gas water heaters, and well-equipped kitchens with a dishwasher, disposal, microwave hood, and electric range. Several units have been extensively updated, including new luxury vinyl plank flooring, fresh interior paint, upgraded lighting, ceiling fans, electrical outlets and switches, new garage door systems, a new furnace, central air conditioning, a new water heater, and updated bathroom fixtures. Select units also enjoy panoramic mountain views and private storage sheds to further maximize tenant appeal. Please contact the listing agent for a complete breakdown of improvements and upgrades by unit. The property currently generates 9,060 dollars per month in gross rental income and is offered at an approximate 5.50 cap rate based on actual numbers. Low operational overhead is driven by ultra-low fixed annual expenses. For investors looking to maximize returns, current market rents for comparable premium 3-bedroom, 2-bath homes indicate a clear path to approximately 9,800 dollars per month in gross rental income equating to an estimated 6.00 cap rate at the 1,800,000 asking price. This presents an outstanding opportunity for buyers seeking immediate cash flow upside with minimal capital improvements, making it ideal for those completing a 1031 exchange and looking to park capital in a premium, low-maintenance Northern Nevada asset. Whether you are expanding your portfolio or searching for a premier income-producing property in one of Gardnerville's most desirable locations, 1286 Chardonnay Drive offers an outstanding, hard-to-replicate combination of stable cash flow, proven historical occupancy, and recent capital improvements with absolutely no HOA fees or restrictions.
Courtesy: Dickson Realty - Gardnerville
775-392-3774
Exceptionally well-maintained duplex in an established neighborhood. One unit has been completely remodeled with newer windows, laminate floors, appliances, solid-surface countertops, shower surround, vanities and fixtures - its truly immaculate and ready to rent. Roof was replaced approximately 15-20 years ago (buyer to verify) and exterior paint is newer. Front landscaping is pristine. Two units each with 2-beds, 2-bath, and attached 2-car garages. Current tenant in Unit B has occupied the unit since 2013 and is below market rent and on a month-to-month lease. Unit A is currently vacant but there is a prospective tenant and is advertised at 2,000 per month
Courtesy: RE/MAX Professionals-Reno
775-345-3070
Welcome to the Topaz Lake Retreat — a rare 8,150 sq.ft. standalone destination property overlooking Topaz Lake with panoramic water and mountain views. Situated on 1.23 acres with over 450 feet of Highway 395 frontage, this highly visible, income-producing opportunity sits just north of the Nevada/California border, offering the perfect blend of tax advantages, tourism traffic, and long-term upside. This property has one of the only Short Term Rental Permits in the area and rents vary. Listing Agent has more information about the variety of rents charged. Occupants work in neighboring cities and keep the property mostly reserved. Originally built in 1969 and rebuilt/expanded in 1989 (per the Douglas County Assessor), the property has been thoughtfully improved (2024/2025) and is currently operating as a short-term rental. The property has NEW PLUMBING & ELECTRICAL, NEW WINDOWS, NEW TANKLESS WATER HEATERS, NEW CABINETS & FIXTURES AND ALL NEW APPLIANCES IN EVERY UNIT. With 11 spacious bedrooms, 6 bathrooms, 4 full kitchens plus a kitchenette, this retreat is ideal for use as a corporate lodge, wellness retreat, boutique hospitality concept, or high-end vacation rental compound. Each unit has been tastefully designed with NEW granite islands/breakfast bars, laminate flooring, washer/dryer (combo) in every unit, and is comes completely furnished. The property also offers 31 dedicated parking spaces, comprised of RV, boat, and standard vehicle parking, making it a rare find for lake visitors, large groups, or event-style hosting. Additionally, there is gated long-term RV storage, creating further passive income potential. Shared potable water, wastewater disposal, and fire protection systems with the adjacent Best Western provide streamlined utility support. With unmatched exposure along Nevada's most traveled highway and unobstructed views of Topaz Lake, this is a one-of-a-kind investment opportunity with multiple revenue pathways — hospitality, retreat rental, corporate leasing, event hosting, or continued STR operations. The property is fully fenced and secure with phenomenal lake views. Truly a one of a kind gem.
Courtesy: RE/MAX Realty Affiliates
775-782-8777
An excellent investment opportunity in downtown Gardnerville—two homes on one lot just one block from Main Street. The front home is brand new construction by a trusted local builder and features custom finishes throughout, including 9' ceilings, luxury vinyl plank flooring, hardwood cabinetry with soft-close and dovetail drawers, and granite countertops in the kitchen and baths. The primary suite includes a large tiled walk-in shower, while the guest bath offers a tiled tub/shower combination. Both homes feature private yards, laundry areas, and two-car garages with openers. The front home also offers a covered patio and new front and side yard landscaping. Conveniently located within walking distance to local coffee shops, restaurants, boutiques, and antique stores, this property provides the perfect blend of lifestyle and flexibility—ideal for an investor or owner-occupant seeking rental income or multi-generational living in one of Gardnerville's most charming downtown settings.
Gardnerville is located in Nevada. Gardnerville, Nevada has a population of 6,037. Gardnerville is more family-centric than the surrounding county with 19.35% of the households containing married families with children. The county average for households married with children is 19.24%.
The median household income in Gardnerville, Nevada is $62,143. The median household income for the surrounding county is $75,688 compared to the national median of $69,021. The median age of people living in Gardnerville is 49.1 years.
The average high temperature in July is 91.1 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 8.3 inches per year, with 29.4 inches of snow per year.
