Active

Price cut: $18K (11/4)

$697,000

442 E 7th St #1 & 2, Reno, NV 89512

--beds

0baths

1,474sqft

Est.:

Duplex

Built in 2020

-- sqft lot

$592,000 Zestimate^®

$473/sqft

$-- HOA

What's special

Modern and immaculate duplex built in 2020 with strong rental history and a high cap rate. Both units are mostly furnished and leased, offering stable, long-term income. Tenants have expressed intent to stay, creating a seamless transition for investors. Each unit features private balconies, solar panels, and private carport parking with garage door openers. Prime location near UNR and downtown amenities makes this property ideal for long-term rental or future Airbnb potential. Located just minutes from the university, downtown, shopping, dining, and parks — this is one of the most sought-after areas for both long-term tenants and short-term rental potential. Walkable, bike-friendly, and close to key commuter routes. Whether you're looking for a plug-and-play investment or long-term portfolio growth, this rare, turn-key duplex offers both flexibility and prime location appeal.

107 days

511

24

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Forced Air, Natural Gas

Cooling

Central Air, Refrigerated

Appliances

Included: Dishwasher, Disposal, Dryer, Electric Oven, Microwave, Refrigerator, Smart Appliance(s), Washer
Laundry: In Unit

Features

Loft, Smart Thermostat
Flooring: Carpet, Laminate
Windows: Double Pane Windows, Low Emissivity Windows, Vinyl Frames
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,474
Total interior livable area: 1,474 sqft

Property

Parking

Total spaces: 2
Parking features: Alley Access, Assigned, Attached, Carport, Garage Door Opener
Has attached garage: Yes
Has carport: Yes

Features

Levels: One
Stories: 2
Patio & porch: Patio
Exterior features: Balcony
Pool features: None
Spa features: None
Fencing: Full

Lot

Size: 1,306.8 Square Feet
Features: Level

Details

Additional structures: None
Parcel number: 00723306
Zoning: MD-ID

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Frame, Wood Siding
Foundation: Slab
Roof: Asphalt,Composition,Pitched

Condition

Year built: 2020

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Centralized Data Panel, Water Meter Installed

Green energy

Water conservation: Water-Smart Landscaping

Community & HOA

Community

Security: Security Gate, Security System Owned, Smoke Detector(s)
Subdivision: Evans Northeast Addition

Location

Region: Reno

Financial & listing details

Price per square foot: $473/sqft
Tax assessed value: $309,771
Annual tax amount: $3,572
Date on market: 9/12/2025
Cumulative days on market: 108 days
Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Total actual rent: 3800
Tenant pays: Internet, Water, Sewer, Gas, Electricity

Estimated market value

$592,000

$551,000 - $628,000

$1,891/mo

Price history

Date	Event	Price
11/4/2025	Price change	$697,000-2.5%$473/sqft
Source: NNRMLS #250055789 Report a problem
10/10/2025	Price change	$715,000-1.4%$485/sqft
Source: NNRMLS #250055789 Report a problem
9/12/2025	Listed for sale	$725,000+14.2%$492/sqft
Source: NNRMLS #250055789 Report a problem
2/18/2024	Listing removed	--
Source: Zillow Rentals Report a problem
1/13/2024	Listed for rent	$2,000+14.3%$1/sqft
Source: Zillow Rentals Report a problem