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Off market
  • $983,700

    420 Lee St, Carson City, NV 89706

    --beds
    --baths
    --sqft
    Other
    Built in 1964
    -- sqft lot
    $983,700 Zestimate®
    $--/sqft
    $2,659 Estimated rent

    Home value

    $983,700

    $875,000 - $1.11M

    $2,659/mo

    Zestimate® history
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    $2,659/mo

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    $2,659/mo

    Rent Zestimate®

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    $5,603/mo

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    $5,603/mo

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    What's special

    Discover the extraordinary investment opportunity at 420 Lee St in Carson City. This partially renovated 16-unit apartment complex is a testament to modern living, offering an ensemble of spacious 2-bedroom, 1-bathroom units, each generously sized at approximately 700 square feet. With full occupancy and nestled within the thriving Carson City rental market. Renovated Excellence: Units within 420 Lee Street have undergone renovations, ensuring that residents enjoy an updated living space., These renovations not only enhance the property's visual appeal but also potentially reduce ongoing maintenance concerns, making it a hassle-free investment. Generous Living Spaces: Each unit features two well-proportioned bedrooms and a tastefully appointed bathroom, providing residents with ample room to live and relax. The 700-square-foot floor plan combines functionality with style, creating a welcoming environment. Full Occupancy: Presently, the property is fully occupied, showcasing its strong appeal to tenants and providing a reliable, consistent income stream. Central Location: 420 Lee Street enjoys a central location, providing easy access to Carson City's essential amenities, dining establishments, and shopping centers. The property's proximity to these conveniences is a significant advantage for potential tenants. Lake Tahoe Proximity: For those seeking recreation and leisure, Lake Tahoe is just a scenic 40-minute drive away. This proximity to a world-renowned destination adds to the property's allure, potentially attracting tenants seeking a balance between urban living and outdoor adventure. Strong Rental Market: Carson City boasts a robust rental market, making it an attractive location for property investment. The property's modern renovations, central location, and 2-bedroom units position it favorably in this thriving market. Ample Parking: The property offers 20 parking spots, a valuable amenity that enhances tenant convenience and attracts potential renters. Disclaimer: All information provided is deemed reliable but not guaranteed. Prospective buyers and investors are encouraged to conduct their own due diligence and verify all details independently. Don't miss this golden opportunity to own a turnkey investment property in Carson City's strong rental market. With its full occupancy, modern renovations, central location, and proximity to Lake Tahoe, 420 Lee Street represents an excellent choice for investors aiming to add a Nevada property to their portfolio.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: Engel & Volkers,MLS#: 240006079MLS Logo

    Facts & features

    Property

    Details
    • Parcel number: 00211102

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Other
    Condition
    • Year built: 1964

    Community & neighborhood

    Location
    • Region: Carson City

    Price history

    DateEventPrice
    4/7/2025Listed for sale$3,175,000
    Source: NNRMLS #240006079 Report a problem
    2/18/2025Pending sale$3,175,000
    Source: NNRMLS #240006079 Report a problem
    2/6/2025Price change$3,175,000-13.6%
    Source: NNRMLS #240006079 Report a problem
    1/8/2025Listed for sale$3,675,000
    Source: NNRMLS #240006079 Report a problem
    1/4/2025Pending sale$3,675,000
    Source: NNRMLS #240006079 Report a problem
    7/26/2024Price change$3,675,000-2%
    Source: NNRMLS #240006079 Report a problem
    5/21/2024Listed for sale$3,750,000-2.5%
    Source: NNRMLS #240006079 Report a problem
    2/23/2024Listing removed$3,845,000
    Source: Engel & Volkers #230010056 Report a problem
    10/10/2023Price change$3,845,000-1.3%
    Source: NNRMLS #230010056 Report a problem
    8/31/2023Price change$3,895,000-7.2%
    Source: NNRMLS #230010056 Report a problem
    8/27/2023Listed for sale$4,195,000+95.1%
    Source: NNRMLS #230010056 Report a problem
    12/7/2021Sold$2,150,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,523 +7.1%$182,693 -19.2%
    2024$5,157 +8%$226,129 +15.2%
    2023$4,775 +8%$196,270 +44.6%
    2022$4,422 +8%$135,756 +5.6%
    2021$4,094 $128,496 +5.3%
    2019$4,094 +7.5%$122,037 +7.6%
    2018$3,810 +4.8%$113,454 +2.4%
    2017$3,635 +4.2%$110,803 +6.2%
    2016$3,489 +2.6%$104,345 +5.3%
    2015$3,401 +3.4%$99,078 +6.7%
    2014$3,289 -5.6%$92,877 +2.5%
    2013$3,485 +3%$90,635 -10.6%
    2012$3,384 -5.9%$101,391 -7.5%
    2011$3,598 +3%$109,601 -11.1%
    2010$3,493 +3%$123,308 -15.1%
    2009$3,391 +8%$145,201 +1.7%
    2008$3,140 +7.2%$142,718 +17.7%
    2007$2,929 $121,288 +1%
    2006-- $120,080 +15.7%
    2005-- $103,757 -1.8%
    2004-- $105,686 +0.7%
    2003-- $104,932 -1.9%
    2002-- $106,928 +1.1%
    2001$3,027 $105,772

    Find assessor info on the county website

    Neighborhood: 89706

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $983,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $983,700