442 E 7th ST #1 & 2 Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89512
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,474 sqft
Price per Sqft $491
Subdivision Evans Northeast Addition
MLS Listing ID 250055789
Year Built 2020
Annual Tax Amount $3,572
Lot Size 1,393 Sqft
Acres 0.03
Lot Dimensions 0.03
Property Sub-Type Duplex
Property Description
Modern and immaculate duplex built in 2020, fully occupied, with strong rental history at an actual 5 percent cap rate. Each unit comes mostly furnished and is leased through December 2025 and February 2026 by tenants with an intention to stay, ensuring secure income for the next owner. Both units feature private balconies, solar power, and private carport parking with garage door openers. Located in a prime area close to the college and downtown, this property offers excellent future potential as either a long-term rental or Airbnb investment. A rare, turn-key opportunity in a sought-after location. This property and the neighboring house at 440 E 7th Street present the perfect portfolio opportunity! At 442 E 7th Street, you have the flexibility to expand your investment and transform the existing home also for sale at 440 E 7th St into a duplex or mirror the same concept as this duplex. An excellent option for investors looking to maximize rental income or grow their portfolio in one location.
Location
State NV
County Washoe
Community Evans Northeast Addition
Area Evans Northeast Addition
Zoning MD-ID
Direction Access through the alley behind the property or the gate off of E 7th St.
Interior
Interior Features Loft,Smart Thermostat
Heating Forced Air,Natural Gas
Cooling Central Air,Refrigerated
Flooring Laminate
Fireplace No
Laundry In Unit
Exterior
Exterior Feature Balcony
Parking Features Alley Access,Assigned,Attached,Carport,Garage Door Opener
Pool None
Utilities Available Cable Connected,Electricity Connected,Internet Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected,Centralized Data Panel,Water Meter Installed
View Y/N No
Roof Type Asphalt,Composition,Pitched
Porch Patio
Garage Yes
Building
Lot Description Level
Story 2
Foundation Slab
Water Public
Structure Type Frame,Wood Siding
Schools
Elementary Schools Booth
Middle Schools Vaughn
High Schools Wooster
Others
Tax ID 007-233-06
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan