Do not disturb Tenants. Welcome to the ultimate investment opportunity at 125/121/123 Caliente, situated in the vibrant heart of Reno's Midtown district. This property offers a beautifully remodeled single-family residence complemented by a modern duplex, perfect for investors or families seeking both a home and income potential. The main house at 125 Caliente is an impressive 3,006 sq/ft abode, boasting 4 spacious bedrooms, 3.5 luxurious baths, and a fully finished basement that offers versatility as a 5th bedroom or bonus room. This home has been meticulously updated with newer hardwood floors, modern appliances, and refreshed plumbing fixtures. Its curb appeal is undeniable, featuring a charming covered front porch set upon a generous 0.160-acre lot with ample space for additional parking or an RV. The duplex, constructed in 2015, is equally impressive, each unit offering a contemporary 1 bedroom loft design with 2 full bathrooms and a total of 2250 gross square footage. The kitchens and living areas occupy the main floor, while the bedrooms and lofts (potential second bedrooms) are tucked upstairs. These units provide street parking in the front and designated spots behind the building. Located just 1.5 blocks west of South Virginia Street, you're merely steps away from the best of downtown Reno. Whether you're a growing family seeking space and supplementary income or an investor ready to capitalize on Reno's booming rental market, this property is a rare find. Don't miss your chance to own a piece of Midtown's charm and potential at 125/121/123 Caliente!
Active
$1,395,000
125 Caliente St, Reno, NV 89509
5beds
4baths
5,256sqft
Est.:
MultiFamily
Built in 1928
-- sqft lot
$1,336,200 Zestimate®
$265/sqft
$-- HOA
What's special
Modern appliancesModern duplexFully finished basementCharming covered front porchBeautifully remodeled single-family residenceNewer hardwood floorsRefreshed plumbing fixtures
- 77 days
- on Zillow |
- 565 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: March 29, 2025 at 08:19am
Listed by:
Joseph Wieczorek 775-335-5962,
Dickson Realty - Downtown
Source: NNRMLS,MLS#: 250001658
Originating MLS: Sierra Nevada Association of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Natural Gas
Cooling
- Separate Heating/Cooling, Separate Water Heaters
Appliances
- Included: Disposal, Oven/Range, Refrigerator, Varies Per Unit
- Laundry: Varies Per Unit
Features
- Varies Per Unit
- Flooring: Carpet, Laminate, Varies by Unit
- Windows: Double Pane Windows, Varies by Unit, Vinyl Frame
- Basement: Finished
- Has fireplace: No
Interior area
- Total interior livable area: 5,256 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Common
Features
- Levels: Two
- Stories: 2
- Fencing: Partial
Lot
- Size: 7,405.2 Square Feet
- Features: Partially Landscaped
Details
- Parcel number: 01412104
- Zoning: MUSV
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood Siding, Wood Frame
- Foundation: Concrete/Crawl Space
- Roof: Pitched
Condition
- Year built: 1928
Utilities & green energy
- Electric: Separate Meters-Electric
- Sewer: Public Sewer
- Utilities for property: Cable Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Water Meter Installed, Internet Available, Cellular Coverage Avail, Separate Meters-Water
Green energy
- Energy efficient items: Double Pane Windows
Community & HOA
Community
- Features: Alley Access
- Subdivision: NV
Location
- Region: Reno
Financial & listing details
- Price per square foot: $265/sqft
- Tax assessed value: $562,545
- Annual tax amount: $5,322
- Price range: $1.4M - $1.4M
- Date on market: 2/12/2025
- Date available: 02/12/2025
- Listing terms: Cash,Conventional,1031 Exchange
- Electric utility on property: Yes
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