Active

$560,000

1250 Virbel Ln, Reno, NV 89502

--beds

0baths

1,800sqft

Est.:

Duplex

Built in 1963

-- sqft lot

$533,500 Zestimate^®

$311/sqft

$-- HOA

What's special

Fresh interior paint

Excellent investment opportunity with this centrally located 2-unit multifamily duplex! Each unit features 2 bedrooms and 1 bathroom. One unit has been recently updated with new laminate flooring throughout and fresh interior paint. Both units are currently rented, offering steady cash flow from day one. Conveniently situated near schools, shopping centers, the airport, and just minutes from the popular Meadowood Mall. Don't miss this chance to own a well-located, income-producing property in the heart of the city! AGENTS SEE PRIVATE REMARKS.

224 days

489

12

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Wall Furnace

Appliances

Included: Electric Range, Refrigerator
Laundry: Washer Hookup

Features

Flooring: Carpet, Laminate, Vinyl
Windows: Blinds, Double Pane Windows
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,800
Total interior livable area: 1,800 sqft

Property

Parking

Parking features: None

Features

Levels: One
Stories: 1
Exterior features: None
Pool features: None
Fencing: Back Yard

Lot

Size: 6,969.6 Square Feet
Features: Corner Lot

Details

Additional structures: None
Parcel number: 02031333
Zoning: MF30
Special conditions: Agent Owned

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Wood Siding
Foundation: Crawl Space
Roof: Composition,Shingle

Condition

Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Security: Smoke Detector(s)

Location

Region: Reno

Financial & listing details

Price per square foot: $311/sqft
Tax assessed value: $179,521
Annual tax amount: $1,068
Date on market: 5/23/2025
Cumulative days on market: 226 days
Listing terms: 1031 Exchange,Cash,Conventional
Tenant pays: Gas, Electricity

Estimated market value

$533,500

$507,000 - $560,000

$1,811/mo

Price history

Date	Event	Price
5/23/2025	Listed for sale	$560,000+433.3%$311/sqft
Source: NNRMLS #250050287 Report a problem
10/25/2012	Sold	$105,000-54.3%$58/sqft
Source: Public Record Report a problem
6/2/2005	Sold	$230,000+4.5%$128/sqft
Source: Public Record Report a problem
5/4/2004	Sold	$220,000$122/sqft
Source: Public Record Report a problem