Turnkey 4-Plex Investment Opportunity – 6% CAP Rate! Don’t miss this renovated 4-plex, featuring four 2-bed, 1-bath units, all updated in 2024. Situated in a prime central location, this property is fully leased and generating strong cash flow, offering a rare 6% CAP rate in today’s market., The concrete block exterior ensures low-maintenance durability, while ample front and street parking adds convenience for tenants. Additionally, a detached laundry facility—currently not in operation—presents an opportunity to add even more value and amenities. This is a fantastic turnkey investment, don’t miss out on this income-producing property!
Closed
$640,000
2285 Patton Dr, Reno, NV 89512
--beds
0baths
3,432sqft
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$186/sqft
$2,372 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,372/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 14, 2025 at 12:07pm
Listed by:
Kylie Keenan S.179311 775-846-9726,
Dickson Realty - Caughlin
Bought with:
Non MLS Agent
Non MLS Office
Source: NNRMLS,MLS#: 250002432
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Appliances
- Included: Oven, Gas Range, Refrigerator
- Laundry: In Unit, Washer Hookup
Features
- Flooring: Laminate
- Has basement: No
Interior area
- Total structure area: 3,432
- Total interior livable area: 3,432 sqft
Property
Parking
- Total spaces: 6
- Parking features: Common
Features
- Stories: 2
Lot
- Size: 7,405 sqft
Details
- Parcel number: 00409306
- Zoning: MF30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 1963
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Water Available, Water Meter Installed
Community & neighborhood
Location
- Region: Reno
- Subdivision: Garden Hill 2
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2025 | Sold | $640,000-8.4%$186/sqft |
Source:  NNRMLS #250002432 | ||
| 4/1/2025 | Pending sale | $699,000$204/sqft |
Source: NNRMLS #250002432 | ||
| 2/28/2025 | Listed for sale | $699,000+74.8%$204/sqft |
Source: NNRMLS #250002432 | ||
| 6/7/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 3/7/2024 | Listed for rent | $1,300+79.3% |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,714 -77.2% | $89,152 +0.4% |
| 2024 | $7,527 +411.2% | $88,837 +12.2% |
| 2023 | $1,472 +8.1% | $79,152 +18.8% |
Find assessor info on the county website
Neighborhood: East University
Nearby schools
GreatSchools rating
- 6/10Rita Cannan Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Fred W Traner Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Procter R Hug High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Cannan
- Middle: Traner
- High: Hug
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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