Welcome to a premier investment opportunity in Elko, NV! This exceptional triplex offers the perfect blend of immediate financial performance and long-term stability. Generating a strong 7% cap rate, this property is fully occupied by seasoned tenants with established leases, offering a seamless transition of ownership and instant cash flow on day one.The real standout feature of this property is its condition. Meticulously maintained and beautifully cared for, the pride of ownership shines through in every corner. The smart unit mix caters to a wide pool of local renters: it features two comfortable 1-bedroom, 1-bathroom units, alongside a highly desirable 2-bedroom, 1-bathroom layout complete with a versatile flex space that easily adapts to a tenant's needs.Whether you are looking to expand your existing portfolio or capitalize on a reliable, passive income generator in a resilient market, this turn-key triplex is ready for you. Opportunities this clean and profitable are few and far between. Reach out today to review the financial financials and book your viewing!
For sale
Price cut: $10K (9/9)
$565,000
116 Court St, Elko, NV 89801
5beds
3baths
3,737sqft
Triplex, Multi Family, Multi Family
Built in 1916
-- sqft lot
$-- Zestimate®
$151/sqft
$-- HOA
What's special
Versatile flex space
- 120 days
- 404
- 16
Zillow last checked:
Listing updated:
Listed by:
Jessica Larsen B.146108 (775)777-4217,
Presidio Real Estate West
Source: ECMLS,MLS#: 3627948Originating MLS: Elko County Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Has Heating (Unspecified Type)
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Bay Window, Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Carpet, Laminate
- Windows: Bay Window(s)
Interior area
- Total interior livable area: 3,737 sqft
Video & virtual tour
Property
Features
- Levels: Multi/Split
- Patio & porch: Covered, Deck
- Exterior features: Deck, Landscaping
Lot
- Size: 6,011 Square Feet
- Features: Sprinklers Manual
Details
- Parcel number: 001214002
- Zoning description: ZR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Level,Triplex
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Block, Concrete, Wood Siding
- Foundation: Poured
- Roof: Asphalt
Condition
- Resale
- Year built: 1916
Utilities & green energy
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: First Addition
Location
- Region: Elko
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $50,645
- Annual tax amount: $1,648
- Date on market: 6/3/2026
- Cumulative days on market: 122 days
Estimated market value
Not available
Estimated sales range
Not available
$2,217/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Price change | $565,000-1.7%$151/sqft |
Source: ECMLS #3627948 Report a problem | ||
| 6/3/2026 | Listed for sale | $575,000+19.8%$154/sqft |
Source: ECMLS #3627948 Report a problem | ||
| 8/22/2024 | Sold | $480,000-1%$128/sqft |
Source: ECMLS #3625112 Report a problem | ||
| 7/25/2024 | Pending sale | $485,000$130/sqft |
Source: ECMLS #3625112 Report a problem | ||
| 7/19/2024 | Listed for sale | $485,000+72.6%$130/sqft |
Source: ECMLS #3625112 Report a problem | ||
| 6/21/2018 | Listing removed | $281,000+3.3%$75/sqft |
Source: Allie Bear Real Estate #170009860 Report a problem | ||
| 6/20/2018 | Sold | $272,000-3.2%$73/sqft |
Source: Public Record Report a problem | ||
| 9/28/2017 | Price change | $281,000-1.7%$75/sqft |
Source: Allie Bear Real Estate #170009860 Report a problem | ||
| 7/8/2017 | Listed for sale | $285,900+128.7%$77/sqft |
Source: Allie Bear Real Estate #170009860 Report a problem | ||
| 4/23/2010 | Sold | $125,000$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,472 +8% | $50,645 +16% |
| 2024 | $1,363 +8% | $43,669 +12.7% |
| 2023 | $1,262 +4.7% | $38,739 +12.5% |
| 2022 | $1,206 +5.7% | $34,426 +3.9% |
| 2021 | $1,141 | $33,123 -1.3% |
| 2020 | $1,141 | $33,565 +6.2% |
| 2019 | $1,141 +3.6% | $31,601 +1.3% |
| 2018 | $1,101 +1.3% | $31,185 +3.7% |
| 2017 | $1,087 +3.7% | $30,070 +2.6% |
| 2016 | $1,048 +9.6% | $29,305 +2.9% |
| 2015 | $956 | $28,486 +5.1% |
| 2014 | $956 | $27,108 +4.3% |
| 2013 | -- | $25,990 |
| 2012 | -- | $25,990 +3.5% |
| 2011 | -- | $25,106 -1.5% |
| 2010 | -- | $25,493 +3.7% |
| 2009 | -- | $24,580 |
| 2008 | -- | $24,580 +2.4% |
| 2007 | -- | $24,013 +1% |
| 2006 | -- | $23,767 +8.2% |
| 2004 | -- | $21,960 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 89801
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