650 Elko Avenue

Reno, NV 89512

$874,000
Price
4
Beds
2,165 Sq. Ft.
$404 / Sq. Ft.
2,165
Sq. Ft.
$404
per Sq. Ft.

Description

Fantastic investment opportunity! This well-maintained 4-plex at 650 Elko Ave offers incredible income potential in a desirable location. 1-2 bedroom and 1 bath unit, 2-1 bedroom 1 bath units and a studio. Each unit features well-maintained and updated features providing comfortable living spaces for tenants. Conveniently located near shopping, dining, and schools, UNR, and downtown, this property attracts a steady stream of renters.Fantastic investment opportunity! This well-maintained 4-plex at 650 Elko Ave offers incredible income potential in a desirable location. 1-2 bedroom and 1 bath unit, 2-1 bedroom 1 bath units and a studio. Each unit features well-maintained and updated features providing comfortable living spaces for tenants. Conveniently located near shopping, dining, and schools, UNR, and downtown, this property attracts a steady stream of renters.
  1. Listed by Amber McDade • Realty Boulevard

Property Details for 650 Elko Avenue

Zoning Actual
MD-ID
Total Parking Capacity
5
LISTING UPDATED: 11/18/2024 10:12 PM

Property Details for 650 Elko Avenue

StatusActive
MLS #240011814
Days on Compass95
Taxes$1,486 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex/ Triplex/ 4-Plex
Year Built1910
Lot Size0.17 AC / 7,405 SF
CountyWashoe County

Building Information for 650 Elko Avenue

Stories2Residences-Year Built1910Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 650 Elko Avenue

Summary
Location and General Information
  • Geo Latitude: 39.535064
  • Geo Longitude: -119.806053
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 650 Elko Ave
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89512
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 650 Elko Ave
  • County: Washoe
  • Elementary School: Booth
  • Middle School: Clayton
  • High School: Wooster
  • Xstreet/Directions: W. 7th Street to Elko Avenue
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Taxes $: $1,485.54
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: None
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1910.0
  • Acreage: 0.17
  • Type of Property: Duplex Triplex 4-Plex
  • Parcel #: 00818318
  • Complex Name: 650 Elko
  • Gross Square Footage: 2165.0
Property and Assessments
  • Documents On File: Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Wood Frame
  • HUD: No
  • Associated Document Count: 3
  • LVT Date: 09-13-2024
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Natural Gas, Forced Air
  • Water Heater: Electric
  • Windows: Double Pane, Single Pane
  • Facility Features: Separated Meters-Gas, Separate Meters-Electric, Primary Meter-Water, Separate Heating/Cooling, Landlord Pays Utilities, Tenant Pays Utilities
  • Common Features: None
  • Unit Features: Varies Per Unit
  • Appliances: Oven/Range, Varies Per Unit
  • Laundry: Varies Per Unit
  • Flooring: Carpet, Varies by Unit
Exterior Features
  • Foundation: Basement/Unfinished, Concrete/Crawl Space
  • Exterior: Wood Siding
  • Roof: Composition/Shingle, Pitched
  • Utilities: Cable, City Sewer, map to 20, Electricity, Natural Gas, map to 20 also, Telephone, Varies by Unit, Water Meter Installed
  • Landscaped: Fully Landscaped, Yes
  • Sprinklers: None
  • Fenced: Back
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 0
  • 1 Bedroom - # Units: 2
  • 1 Bedroom - SqFt/Unit: 0
  • 1 Bedroom - Avg Rent/Unit: 0
  • 2 Bedroom - # Baths: 0
  • 2 Bedroom - # Units: 1
  • 2 Bedroom - SqFt/Unit: 0
  • 2 Bedroom - Avg Rent/Unit: 0
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 1
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 2
  • # Units: 4
  • Stories: 2 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $12,839.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $53,412.00
  • Net Operating Income: $40,573.00
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 94
  • DOMLS: 94
  • Cumulative DOM: 94
  • Cumulative DOMLS: 94
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Amber Mcdade
  • Contact Phone: 775-24-8123
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 650 Elko Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 650 Elko Avenue

Taxable ValueLand$45,500Additions$31,375Total$76,875
Tax Record2023$1,850 ($154 / month)
Home Facts
Baths4Total Finished SqFt1,637 SqFtAbove Grade Finished SqFt1,637 SqFtStories2Lot Size7,500 SqFtStyleTriplexYear Built1910ZoningMDIDCountyWASHOEAPN008-183-18

Schools near 650 Elko Avenue

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Libby C Booth Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Coral Academy Middle School
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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650 Elko Avenue is a multi-family home for sale in Reno, NV 89512. This property was listed for sale on September 13, 2024 by Realty Boulevard, it's currently listed at $874,000. It has been on the market for a total of 95 days and was last sold on January 28, 2013. This listing's school district is Washoe County School District. Nearby schools include Libby C Booth Elementary School, E Otis Vaughn Middle School and Earl Wooster High School. 650 Elko Avenue is a 4-bed, 0-bath, 2,165 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Boulevard, Amber McDade, License #6359

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.