INVESTORS SPECIAL!!!! This property offers a prime location with stunning views of downtown Reno. With NC mixed-use zoning, it presents a unique opportunity for either a triplex or commercial business. It's proximity to the university, hospitals, and downtown area adds to its appeal. Don't miss out on this versatile investment opportunity! This property has been a triplex, daycare, and was being converted into a restaurant. Right next door to bus stops, grocery stores, restaurants, and more!, With its prime location, you can attract tenants easily and increase rental income. Put in some hard work in renovations and the value and equity will significantly increase. Property was previously a triplex but was being converted into a restaurant.
Closed
$375,000
585 Elgin Ave, Reno, NV 89503
--beds
0baths
2,058sqft
Multi Family
Built in 1961
-- sqft lot
$560,700 Zestimate®
$182/sqft
$1,859 Estimated rent
Home value
$560,700
$499,000 - $634,000
$1,859/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 02:12pm
Listed by:
Rosabella Bellamy S.198583 907-399-7673,
RE/MAX Gold-Midtown,
Eric Gonzales S.188484 775-560-8857,
RE/MAX Gold-Midtown
Bought with:
Natalie Dominguez, S.196908
Harcourts Vanguard
Source: NNRMLS,MLS#: 230012127
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Appliances
- Laundry: None
Features
- Flooring: Ceramic Tile
- Windows: Double Pane Windows
- Has basement: No
Interior area
- Total structure area: 2,058
- Total interior livable area: 2,058 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned
Features
- Stories: 1
- Fencing: None
Lot
- Size: 7,840 sqft
Details
- Parcel number: 00616405
- Zoning: NC
- Other equipment: Varies by Unit
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
- Foundation: Slab, Crawl Space
- Roof: Composition,Shingle
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Location
- Region: Reno
Other
Other facts
- Listing terms: 1031 Exchange,Cash
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2024 | Sold | $375,000-10.7%$182/sqft |
Source:  NNRMLS #230012127 | ||
| 4/20/2024 | Pending sale | $420,000$204/sqft |
Source: NNRMLS #230012127 | ||
| 4/2/2024 | Price change | $420,000-12.5%$204/sqft |
Source: NNRMLS #230012127 | ||
| 1/26/2024 | Price change | $479,900-10.3%$233/sqft |
Source: NNRMLS #230012127 | ||
| 10/16/2023 | Listed for sale | $535,000+33.8%$260/sqft |
Source: NNRMLS #230012127 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,731 +8% | $58,543 +4.4% |
| 2024 | $1,603 +8% | $56,088 +7.6% |
| 2023 | $1,485 +8.2% | $52,135 +14% |
Find assessor info on the county website
Neighborhood: Kings Row
Nearby schools
GreatSchools rating
- 2/10Elmcrest Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Archie Clayton Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Elmcrest
- Middle: Clayton
- High: McQueen
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
$560,700
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
$560,700