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.
Active
Price cut: $500K (2/6)
$3,175,000
420 Lee St, Carson City, NV 89706
32beds
1baths
11,200sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$3,488,300 Zestimate®
$283/sqft
$-- HOA
What's special
- 339 days
- on Zillow |
- 236 |
- 6 |
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#: 240006079
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: 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
- Loading
- Loading