This vacant duplex is ideal for investors who are looking for a new project, as it has the potential to produce a 5.5% cap rate after renovations. The owner preferred to keep it vacant for the listing to provide greater flexibility for a buyer. You can start renovations right away. With a renovation, the potential for rental income could increase to over $350 in monthly income after mortgage and all operating expenses, with 6.5% interest financing and a 30% down payment., A complete multifamily investment property analysis is available upon request.
Closed
$465,000
1550 W 7th St, Reno, NV 89503
--beds
0baths
1,744sqft
Multi Family
Built in 1959
-- sqft lot
$544,400 Zestimate®
$267/sqft
$1,944 Estimated rent
Home value
$544,400
$506,000 - $588,000
$1,944/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 02:06pm
Listed by:
Trevor Richardson B.1002905 775-233-0754,
Address Income,
Christopher Moton BS.145493 775-870-7142,
Address Income
Bought with:
Mona Klotz, S.179212
Sierra Nevada Properties-Reno
Source: NNRMLS,MLS#: 230001390
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Gas Range, Refrigerator
- Laundry: Washer Hookup
Features
- Flooring: Carpet, Vinyl, Wood
- Windows: Blinds, Single Pane Windows
- Has basement: No
Interior area
- Total structure area: 1,744
- Total interior livable area: 1,744 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
Features
- Stories: 1
- Patio & porch: Patio, Deck
- Fencing: Full
Lot
- Size: 7,840 sqft
- Features: Landscaped, Other
Details
- Parcel number: 00616102
- Zoning: MF-30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Meter Installed
Community & neighborhood
Location
- Region: Reno
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2023 | Sold | $465,000-2.1%$267/sqft |
Source:  NNRMLS #230001390 | ||
| 2/23/2023 | Pending sale | $475,000$272/sqft |
Source: NNRMLS #230001390 | ||
| 2/18/2023 | Listed for sale | $475,000$272/sqft |
Source: NNRMLS #230001390 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $922 +7.6% | $62,640 +0.4% |
| 2024 | $856 +2.8% | $62,378 +3.6% |
| 2023 | $833 +2.5% | $60,219 +19.1% |
Find assessor info on the county website
Neighborhood: Kings Row
Nearby schools
GreatSchools rating
- 2/10Elmcrest Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Archie Clayton Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- High: Reno
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$544,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$544,400