Courtesy: RE/MAX Gold
775-787-3629
The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.
Courtesy: Dickson Realty - Gardnerville
775-392-3774
2-unit property at the edge of mid-town. There are actually 2 addresses on this parcel. 824 Locust is the 3 bed 1 bath unit and 828 Locust is the 1 bedroom unit 1 bath unit. Those include a brand new kitchen and updated bathroom. Kitchen has newer flooring, cabinets, and counters. Newer flooring in the laundry room as well. There is a courtyard between units. Both have evaporative coolers. There is a fenced side-yard with a shed. The other side has a gate to the alley and 2 porches. Furnace was replaced in 2018. New carpet in 2018. The 3 bed has a laundry room with full-size washer & dryer. Back bedroom has a security door to the stoop off the alley. Has evaporative cooler. 828: tenant has a 1 year lease for 1,350/month. New evaporative cooler in 2021. Hardwood floors refinished, new LVP in kitchen installed and interior painted in 2018. Stacked washer/dryer in kitchen area. Refrigerator also included. Ceiling fan in the bedroom. There are also some fun built-ins in the bedroom closet and living room. The tenant has lived here for several years and would love to stay. There is a small cellar for some storage. One gated parking space off the alley. 2 designated parking spots on the street. All doors have steel security doors. These units are in high demand when they turn over, so vacancy will be at a minimum. The Veterans Guest Home is next door, and the VA Hospital is very close as well. The VA Hospital has been known to buy nearby properties for staff housing, parking lots, etc. There may be some long-term added value there.
Courtesy: Key Collective
775-502-4449
Exceptional investment opportunity in the heart of Reno! Conveniently located just minutes from Downtown Reno, the University of Nevada, Reno, shopping, dining, and major commuter routes. This property offers tremendous potential for investors, flippers, or buyers looking to add value in a highly desirable location. Being sold AS-IS, providing the perfect opportunity to renovate, update, or customize to your vision. The property is currently vacant, making it easy to show and ready for immediate possession. Don't miss this chance to own an investment property in an area with strong demand and excellent long-term potential.
Courtesy: Haute Properties NV
775-525-1448
Excellent opportunity to own an investment property in Old Southwest Reno offering charm, flexibility, and income potential all on one property. Nestled in one of Reno's most desirable and established neighborhoods, 665 La Rue Ave. blends timeless brick curb appeal with extensive modern updates and versatile living arrangements. The main residence features approximately 1060 square feet with 2 bedrooms and 1 bathroom, showcasing updated finishes, warm natural light, and an inviting atmosphere that instantly feels like home. Recent improvements include a new roof, new windows, new flooring, beautifully updated bathrooms, and a remodeled kitchen complete with stainless steel appliances, rich cabinetry, stone-inspired countertops, and a gas range. Beyond the main home, the property includes an additional duplex structure consisting of a one-bedroom unit and a studio unit with a shared laundry area, creating exceptional flexibility for multigenerational living, guest accommodations, rental income, or investment opportunities. Set on a lush, beautifully landscaped lot with mature trees and expansive grassy areas, the outdoor spaces offer room to entertain, garden, relax, or simply enjoy Reno's four-season lifestyle. Properties offering this level of versatility, character, updates, and location rarely become available in Old Southwest Reno. Whatever you're searching for, a primary residence with supplemental income potential or a unique investment opportunity, 665 La Rue Ave. delivers exceptional possibilities.
Courtesy: Marmot Properties, LLC
775-301-5289
Great opportunity to own a 0.33-acre parcel with two single-family structures and MU (Mixed-Use) zoning, just minutes from I-80 for an easy commute anywhere in the Truckee Meadows. The front house is a 3-bedroom, 1-bath home built in 1960 with 1,045 square feet. It features a cozy fireplace, and forced-air heating. A comfortable primary residence or solid rental from day one. The back house is a 1932-era cottage at 995 square feet with 1 bedroom, 1 bath, a fireplace, and 1.5-story layout — a perfect rehab project. Bring your vision and sweat equity to create a second income-producing unit or guest house. The oversized, Mixed Use zoned lot — over 14,000 square feet — offers generous room to build, add an ADU, expand, or develop further.
Courtesy: RE/MAX Professionals-Reno
775-345-3070
Tucked beside a private lake on a quiet West Reno road, this rare property offers two separate homes on a spacious 0.59-acre lot. Enjoy peaceful surroundings, open space, and the charm of having your own retreat just minutes from town. Whether you're looking for a primary residence with additional income, multi-generational living, or an investment, this property delivers flexibility and a setting that's hard to replicate. Conveniently located with easy freeway access and just 30 minutes to Lake Tahoe and world-class ski resorts. One home is currently vacant, offering immediate move-in or rental opportunity, while the other provides in-place income. Remodeled 2 bed / 1 bath and 3 bed / 2 bath homes with separate parking, shared well and septic, and tenants paying all utilities.
Courtesy: Fathom Realty
888-455-6040
Great Investment Opportunity! Priced to sell and full of potential, this duplex at 1430/1432 W 7th St offers an excellent income-producing opportunity. Currently tenant occupied with month-to-month leases: Unit 1430 rents for 1,500/month and Unit 1432 rents for 1,600/month. Washoe County Assessor shows 1,868 sq ft total; garage for Unit 1430 has been converted into a 3rd bedroom. Units have individual gas and electric meters, with a shared water heater and water meter. Great lot size with backyard space. Please do not disturb tenants. Drive-by only. If a prospective buyer would like to view the property, listing agent will do her best to coordinate showings, as both units are tenant occupied. No lockbox. Property is being sold as-is; seller will make no repairs. Buyers and Buyer's agent to verify all information.
Courtesy: RE/MAX Professionals-Reno
775-345-3070
A rare opportunity to own a piece of Midtown history, thoughtfully reimagined for modern living. Originally built in the 1920s, and remodeled as a duplex in 2011, this character-rich property blends timeless charm with today's essential upgrades. Recent improvements include a new roof, HVAC, water heater, appliances, blinds, garbage disposal, and fresh interior and exterior paint, all completed within the past four years. The property features a spacious studio on the lower level and a well-appointed two bedroom, two bath residence upstairs, offering flexibility for investors or owner-occupants seeking additional income. The lower unit lives large, while the upper unit provides comfortable, light-filled living. Ideally located just moments from Midtown's vibrant dining, shopping, and year-round events, this is a compelling opportunity to own a versatile and turnkey property in one of Reno's most desirable neighborhoods.
Courtesy: RE/MAX Gold
775-787-3629
7.2 cap rate on in place income! Opportunity to own two units with a bonus detached living space that could be used to generate additional income utilizing the space as a rental, short-term rental, or owner occupier, multi-gen living, or an art studio. The property has been meticulously maintained, with recent HVAC servicing, and jetted sewer line. The main house is 2 beds, 1 bath and 828 sqft. The garage has been converted into a modern and efficient studio that has very little vacancy. The detached bonus unit is a cleverly designed studio space with its own HVAC and water heater. All units have their own washer and dryer hookups. There is an attached RV pad with full hookups that historically brings in additional income. The property is within minutes to the University of Nevada Reno campus and there are parking spaces for 6, with dedicated City of Reno passes. Property is tenant occupied, please do not disturb the tenants.
Courtesy: Dickson Realty - Caughlin
775-746-7000
Prime UNR Triplex - Fully Renovated, Fully Leased, Turnkey Investment Just one block from the University of Nevada, Reno. This beautifully renovated triplex delivers modern living, strong rental demand, and reliable income from day one. Renovations were completed in 2019. The property offers 7 bedrooms, 5 bathrooms, and onsite and street parking, making it an exceptional opportunity in one of Reno's most sought after rental neighborhoods. Each unit has been thoughtfully updated with low maintenance LVP flooring, stainless steel appliances, modern kitchens and bathrooms, washer and dryers and efficient mini split HVAC systems. Residents enjoy inviting outdoor spaces as well, including a welcoming front porch and a shared patio ideal for relaxing or gathering with friends. Parking for 7 vehicles is included. This is a true turnkey investment: All units are currently tenant occupied. Leases for all three units for the 2026-27 term are already signed. APOD available upon request. Renovation work included fire alarm and fire sprinklers throughout the property. Showings are by appointment only and subject to tenant schedules. 24 hr notice required. Properties this close to campus with modern finishes and stable tenancy rarely come to market. A smart addition to any portfolio. We are continuing to show this property and are accepting back-up offers.
Courtesy: Coldwell Banker Select Reno
775-688-4800
This versatile multi-family property offers an excellent opportunity for both investors and owner-occupants. One of the units have new interior paint and new flooring. Main unit have 2 bedrooms with 2 additional rooms. Just minutes from University of Nevada, Reno and approximately three miles from downtown Reno. The property provides convenient Access to high shopping restaurant and local attractions.
Courtesy: DL Realty
775-762-5418
Well priced four-unit investment property with a proven track record of generating stable income for the owner. The close proximity to The University of Nevada Reno historically keeps vacancy low. One hundred percent tenant occupied and generating over fifty four thousand dollars in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Units have washer & dryers and mini-split heating & cooling. APOD available, just call. Tenant occupied - please do not disturb them.
Courtesy: RE/MAX Professionals-Reno
775-345-3070
Rare opportunity to own a duplex in the highly sought-after Old Southwest Reno neighborhood along the iconic California Avenue corridor. Multi-family properties in this historic district are exceptionally scarce, with very few opportunities coming to market over the years, making this a true legacy asset. Ideally located just minutes from Midtown Reno, Downtown Reno, and the scenic Truckee River, the property offers unbeatable access to some of Reno's most vibrant dining, nightlife, and outdoor recreation. Enjoy walkability to local favorites like The Brewer's Cabinet and nearby coffee shops, boutiques, and parks. The property is move-in ready and features fresh interior paint throughout. The front unit lives like a single-family home, featuring its own private front and backyard, an increasingly rare amenity in this urban setting. The rear unit is thoughtfully separated and includes a private fenced patio, providing excellent privacy for tenants or guests. This versatile property is perfectly suited for an owner-occupant seeking supplemental income or an investor looking to secure a high-demand rental in one of Reno's most established and desirable neighborhoods. With limited multi-family inventory and strong rental appeal, this is a standout opportunity in a high-barrier-to-entry market.
Courtesy: Dickson Realty - Downtown
775-324-7000
Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.
Courtesy: Marmot Properties, LLC
775-301-5289
Prime Wells Avenue duplex in the heart of Reno, Nevada! This beautifully renovated 1945 brick duplex is a rare opportunity to own a cash-flowing income property in one of Reno's most visible and high-demand corridors. Located on Wells Avenue, this property offers a unique combination of immediate rental income and future development potential, making it ideal for investors, owner-investors, or those looking for a value-add commercial redevelopment site. The property has been thoughtfully renovated and converted into a true two-unit duplex, with one unit on the main level and a second unit in the fully finished basement — each with private living space and strong rental appeal. Upstairs unit: 3 bedrooms + 2 bathrooms, currently rented on a month-to-month lease at 2,550/month Downstairs unit: 3 bedrooms + 2 bathroom, newly vacant and currently being marketed for rent at 1,750/month Situated on a 0.161-acre lot with prime frontage on Wells Avenue, this property is zoned GC (General Commercial) in Washoe County, opening the door to a wide variety of commercial and mixed-use possibilities. Even better — plans have already been created for an 8-unit apartment building to be built on the rear portion of the lot, giving investors a head start on future expansion and redevelopment. Whether you're looking for a stabilized duplex, a Reno redevelopment opportunity, or a high-visibility commercial lot with existing income, this Wells Avenue property delivers a rare best of both worlds investment: rent now, build later. Endless potential in an unbeatable Reno location — schedule your private tour today.
Courtesy: A.J. Johns & Associates
775-856-2525
Located in the heart of North West Reno's University area. Two cute little houses located on a corner lot. MF-14 Zoning. First house is a 3 bedroom 2 bath with a detached small garage. Second unit is a 2 bedroom 1 bath with a fireplace. Street parking. newly repainted on the inside with new laminate flooring (cute) these units are both currently rented. Please contact agent for more information.
Courtesy: Coldwell Banker Select Reno
775-688-4800
Rare!!! One lot 3 income opportunities... For sale One 2 Bedroom 1 Bath home, One 1 Bedroom 1 Bath ADU, and a Land Rental pad for a Manufactured home that is currently rented. You could rent them all, or you could live in one and rent the others... The choices you have are endless... located in a quiet neighborhood, minutes to UNR or Downtown Reno, also minutes to all the warehouses in North Reno.... The two homes have been completely remodeled and updated... Plenty of parking for all units... Give me a call today to setup your private showing today....
Courtesy: Keller Williams Group One Inc.
775-823-8787
Welcome to 343 & 347 Mount Rose St, located in the heart of Reno's vibrant MidTown District, the city's most desirable neighborhood for arts, culture, theatre, and dining, all just steps from your front door. It offers a rare blend of charm, modern convenience, and excellent investment potential. This property is perfect for both owner occupants and investors. 343 Mount Rose St. features a spacious single level main residence, complemented by a second unit.Tucked away down a few steps to the front door with a breezeway patio the length of the home. 347 Mount Rose St. was built in 2017, it's a stylish modern duplex with alley access, each of the two units spans three stories and includes, one bedroom, + den or office, two bathrooms, attached one car garage with two storage spaces, two private balconies, fenced patio space, vaulted ceilings, and sunshine filled interiors. Whether you're looking to expand your portfolio or be an owner occupier and rent out three units, this unique property is the best of both worlds, in one of Reno's most walkable, lively, and fast appreciating neighborhoods. Newer roof from 2024 on the front house.
Courtesy: LPT Realty, LLC
775-544-1328
Modern and immaculate duplex built in 2020 with strong rental history and a high cap rate. Both units are mostly furnished and leased, offering stable, long-term income. Tenants have expressed intent to stay, creating a seamless transition for investors. Each unit features private balconies, solar panels, and private carport parking with garage door openers. Prime location near UNR and downtown amenities makes this property ideal for long-term rental or future Airbnb potential. Located just minutes from the university, downtown, shopping, dining, and parks — this is one of the most sought-after areas for both long-term tenants and short-term rental potential. Walkable, bike-friendly, and close to key commuter routes. Whether you're looking for a plug-and-play investment or long-term portfolio growth, this rare, turn-key duplex offers both flexibility and prime location appeal.
Courtesy: RE/MAX Gold
775-787-3629
330/332 Stewart St consists of a 948 square foot 3-bedroom 1 bathroom home, in-unit laundry and on-site parking with new paint and flooring. In the back of the property there is a 2004 built triplex, each unit featuring large 2 bedrooms and 2 bathrooms and in unit laundry and on-site parking in the alley. This 4-unit investment property is fully occupied, in a prime Midtown location, walking distance to some of Reno's best restaurants, coffee shops and more!
Courtesy: NextHome Yourpickettfence Group
775-622-0614
3325 Clearacre Lane presents a rare opportunity to get paid while you plan for a higher use on a strategically located 1.5-acre parcel. With two existing houses providing immediate income, this property offers flexibility and cash flow as you explore future development options. Positioned at the gateway to Sun Valley, the site boasts massive daily traffic counts and high visibility--ideal for commercial, mixed-use, or multi-family concepts. Whether you're envisioning retail frontage, residential density, or something bold and innovative, this is the perfect canvas to think out loud and build value in a fast-growing corridor. Lots of development planned for the area where Clearacre meets the Freeway. Commercial uses along with multi-family would be best.
Courtesy: Dickson Realty - Caughlin
775-746-7000
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.
Reno is located in Nevada. Reno, Nevada has a population of 259,913. Reno is less family-centric than the surrounding county with 28.93% of the households containing married families with children. The county average for households married with children is 29.62%.
The median household income in Reno, Nevada is $67,557. The median household income for the surrounding county is $74,292 compared to the national median of $69,021. The median age of people living in Reno is 36.4 years.
The average high temperature in July is 90.6 degrees, with an average low temperature in January of 23.7 degrees. The average rainfall is approximately 8.9 inches per year, with 21.9 inches of snow per year.
