Long term tenants are paying below market rent. New tenant rents are 1100.00 per month. Well maintained investment opportunity in the fast-growing City of Fernley. Seller has two others available for a total of 6 units plus a .27 vacant lot in the middle for additional units. All zoned MF30, which allows for up to 30 units per acre.
Closed
$374,000
125 Johnson Ln, Fernley, NV 89408
--beds
0baths
1,536sqft
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$243/sqft
$1,506 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,506/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kellie Flodman B.38999 775-690-5348,
Cardin Realty Pros
Bought with:
Carlene Carlson, S.78039
Realty One Group Eminence
Source: NNRMLS,MLS#: 230008939
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall Furnace
Appliances
- Included: Oven, Gas Range, Refrigerator
- Laundry: None
Features
- Flooring: Varies
- Windows: Blinds, Double Pane Windows, Vinyl Frames
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Carport
- Has attached garage: Yes
- Has carport: Yes
Features
- Stories: 1
- Patio & porch: Patio, Deck
- Fencing: Partial
Lot
- Size: 8,276 sqft
- Features: Landscaped
Details
- Parcel number: 02003201
- Zoning: MF30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Crawl Space
- Roof: Pitched
Condition
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Fernley
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2023 | Sold | $374,000-3.9%$243/sqft |
Source:  NNRMLS #230008939 Report a problem | ||
| 10/28/2023 | Pending sale | $389,000$253/sqft |
Source: NNRMLS #230008939 Report a problem | ||
| 9/8/2023 | Price change | $389,000-2.7%$253/sqft |
Source: NNRMLS #230008939 Report a problem | ||
| 8/4/2023 | Listed for sale | $399,900+166.6%$260/sqft |
Source: NNRMLS #230008939 Report a problem | ||
| 2/28/2017 | Sold | $150,000$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,317 +5.4% | $65,250 -0.6% |
| 2024 | $2,198 +4.4% | $65,642 +4.4% |
| 2023 | $2,105 +0.6% | $62,866 +2.4% |
| 2022 | $2,093 | $61,396 +7% |
| 2021 | -- | $57,378 -0.9% |
| 2020 | $1,584 | $57,915 +15.3% |
| 2019 | $1,584 -17.8% | $50,210 +13.2% |
| 2018 | $1,926 +2% | $44,367 +39.6% |
| 2017 | $1,888 -2% | $31,787 +48.1% |
| 2016 | $1,926 +15.4% | $21,461 +27.5% |
| 2015 | $1,669 +1.1% | $16,833 +2.6% |
| 2014 | $1,651 | $16,404 -5.7% |
| 2013 | -- | $17,388 |
| 2012 | -- | $17,388 +1.5% |
| 2011 | -- | $17,129 +7.1% |
| 2010 | -- | $15,998 -40.5% |
| 2009 | -- | $26,884 -29.7% |
| 2008 | -- | $38,233 -13.2% |
| 2007 | -- | $44,059 +42.1% |
| 2006 | -- | $31,008 +26.1% |
| 2004 | -- | $24,588 |
Find assessor info on the county website
Neighborhood: 89408
Nearby schools
GreatSchools rating
- 4/10Fernley Intermediate SchoolGrades: 5-6Distance: 0.3 mi
- 2/10Silverland Middle SchoolGrades: 7-8Distance: 3.2 mi
- 3/10Fernley High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Cottonwood
- Middle: Silverland
- High: Fernley
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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- Nevada
- Lyon County
- Fernley
- 89408
- 125 Johnson Ln
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