Multi-family opportunity featuring three studio units in the Wells Avenue District. Wood siding exterior and mature trees enhancing its curb appeal, this property offers ample street parking and convenient alley access to garage spaces which varies per unit. 5% cap rate, it presents a fantastic investment opportunity in close proximity to the University of Nevada, Reno.
Closed
$430,000
611 Elko Ave, Reno, NV 89512
--beds
0baths
1,620sqft
Multi Family
Built in 1998
-- sqft lot
$433,200 Zestimate®
$265/sqft
$1,523 Estimated rent
Home value
$433,200
$394,000 - $477,000
$1,523/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:
Richard Berman S.181980 775-800-5032,
Dickson Realty - Damonte Ranch
Bought with:
Bradley Buxton, S.200334
Address Income
Source: NNRMLS,MLS#: 240013912
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas, Wall Furnace
Appliances
- Included: Oven, Gas Range
- Laundry: None
Features
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Metal Frames
- Has basement: No
Interior area
- Total structure area: 1,620
- Total interior livable area: 1,620 sqft
Property
Parking
- Total spaces: 4
- Parking features: Alley Access, Garage, Varies by Unit
Features
- Stories: 2
- Fencing: None
Lot
- Size: 5,227 sqft
- Features: Landscaped
Details
- Parcel number: 00818107
- Zoning: Mdid
- Special conditions: Court Approval
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
Community & neighborhood
Location
- Region: Reno
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2025 | Sold | $430,000-21.8%$265/sqft |
Source:  NNRMLS #240013912 Report a problem | ||
| 1/6/2025 | Pending sale | $550,000$340/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 12/31/2024 | Price change | $550,000-8.2%$340/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 12/3/2024 | Price change | $599,000-5.7%$370/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 11/8/2024 | Pending sale | $635,000$392/sqft |
Source: NNRMLS #240013912 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,520 +8% | $89,846 -1.8% |
| 2024 | $2,334 +7.9% | $91,494 +14.5% |
| 2023 | $2,163 +8% | $79,897 +24.1% |
Find assessor info on the county website
Neighborhood: East 4th Street
Nearby schools
GreatSchools rating
- 1/10Libby C Booth Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Booth
- Middle: Vaughn
- High: Wooster
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
$433,200
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
$433,200