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  • Price cut: $500K (2/6)
    $3,175,000

    420 Lee St, Carson City, NV 89706

    32beds
    1baths
    11,200sqft
    : 
    Multi Family
    Built in 1964
    -- sqft lot
    $3,488,300 Zestimate®
    $283/sqft
    $-- HOA

    What's special

    Discover the extraordinary investment opportunity at 420 Lee St in Carson City. This partially renovated 16-unit apartment complex is a testament to modern living, offering an ensemble of spacious 2-bedroom, 1-bathroom units, each generously sized at approximately 700 square feet. With full occupancy and nestled within the thriving Carson City rental market. Renovated Excellence: Units within 420 Lee Street have undergone renovations, ensuring that residents enjoy an updated living space. These renovations not only enhance the property's visual appeal but also potentially reduce ongoing maintenance concerns, making it a hassle-free investment. Generous Living Spaces: Each unit features two well-proportioned bedrooms and a tastefully appointed bathroom, providing residents with ample room to live and relax. The 700-square-foot floor plan combines functionality with style, creating a welcoming environment. Full Occupancy: Presently, the property is fully occupied, showcasing its strong appeal to tenants and providing a reliable, consistent income stream. Central Location: 420 Lee Street enjoys a central location, providing easy access to Carson City's essential amenities, dining establishments, and shopping centers. The property's proximity to these conveniences is a significant advantage for potential tenants. Lake Tahoe Proximity: For those seeking recreation and leisure, Lake Tahoe is just a scenic 40-minute drive away. This proximity to a world-renowned destination adds to the property's allure, potentially attracting tenants seeking a balance between urban living and outdoor adventure. Strong Rental Market: Carson City boasts a robust rental market, making it an attractive location for property investment. The property's modern renovations, central location, and 2-bedroom units position it favorably in this thriving market. Ample Parking: The property offers 20 parking spots, a valuable amenity that enhances tenant convenience and attracts potential renters. Disclaimer: All information provided is deemed reliable but not guaranteed. Prospective buyers and investors are encouraged to conduct their own due diligence and verify all details independently. Don't miss this golden opportunity to own a turnkey investment property in Carson City's strong rental market. With its full occupancy, modern renovations, central location, and proximity to Lake Tahoe, 420 Lee Street represents an excellent choice for investors aiming to add a Nevada property to their portfolio.
    339 days
    on Zillow
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    236
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    6
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    Zillow last checked: 7 hours ago

    Listing updated: April 11, 2025 at 11:11pm

    Listed by:

    Jean Merkelbach 775-901-0704,

    Engel & Volkers Lake Tahoe

    Source: NNRMLS,MLS#: 240006079MLS LogoOriginating MLS: Sierra Nevada Association of Realtors
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 420 Lee St.

    Next available tour time:Today at 12pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 32
    • Bathrooms: 1
    Cooling
    • Varies by Unit
    Appliances
    • Included: Varies Per Unit
    • Laundry: None
    Features
    • Balcony, Water Sense Landscaping
    • Flooring: Varies by Unit
    • Windows: Varies by Unit
    • Has fireplace: No
    Interior area
    • Total interior livable area: 11,200 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Common
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: Partial
    Lot
    • Size: 0.47 Acres
    • Features: Water Sense Landscaping
    Details
    • Parcel number: 00211102
    • Zoning: MFA
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding, Wood Frame
    • Foundation: None
    • Roof: Composition/Shingle
    Condition
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Water Connected, Electricity Connected, Natural Gas Connected
    Green energy
    • Water conservation: Water-Smart Landscaping

    Community & HOA

    Community
    • Features: Alley Access
    • Subdivision: NV
    Location
    • Region: Carson City

    Financial & listing details

    • Price per square foot: $283/sqft
    • Tax assessed value: $646,081
    • Annual tax amount: $5,157
    • Price range: $3.2M - $3.2M
    • Date on market: 5/21/2024
    • Date available: 05/21/2024
    • Electric utility on property: Yes
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