Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry. Coin operated laundry generates additional income. This 4 Plex in near the University and MidTown, attracting a wide range of tenants!
New
$830,000
650 Elko Ave, Reno, NV 89512
7beds
4baths
2,165sqft
Est.:
MultiFamily
Built in 1992
-- sqft lot
$-- Zestimate®
$383/sqft
$-- HOA
What's special
Large fenced yardOff street parking spaces
- 3 days
- on Zillow |
- 326 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 01:40pm
Listed by:
Angela Beard,
RE/MAX Gold
Source: NNRMLS,MLS#: 250005215
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: 7
- Bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- Air Unit, Separate Water Heaters, Central Water Heaters, Separate Heating/Cooling
Appliances
- Included: Refrigerator, Oven/Range, Disposal, Washer, Dryer, Varies Per Unit
- Laundry: Common Area
Features
- Flooring: Ceramic Tile, Carpet, Laminate, Sheet Vinyl
- Windows: Blinds/Shades, Double Pane Windows, Low Emissivity Windows, Vinyl Frame
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,165 sqft
Property
Parking
- Total spaces: 6
Features
- Levels: Two
- Stories: 2
- Fencing: Partial
Lot
- Size: 7,405.2 Square Feet
- Features: Fully Landscaped
Details
- Parcel number: 00818318
- Zoning: Md-Id
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood Siding, Wood Frame
- Foundation: Concrete/Crawl Space
- Roof: Composition/Shingle
Condition
- Year built: 1992
Utilities & green energy
- Electric: Separate Meters-Electric
- Sewer: Public Sewer
- Utilities for property: Water Connected, Electricity Connected, Natural Gas Connected, Internet Available
Green energy
- Energy efficient items: Double Pane Windows, Low E Windows
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: NV
Location
- Region: Reno
Financial & listing details
- Price per square foot: $383/sqft
- Tax assessed value: $235,512
- Annual tax amount: $1,850
- Price range: $830K - $830K
- Date on market: 4/22/2025
- Date available: 04/22/2025
- Listing terms: 1031 Exchange,Conventional,Cash
- Tenant pays: All Utilities
- Electric utility on property: Yes
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