The Sherman Four Plex in Carson City, NV is a unique opportunity to acquire to contiguous duplex buildings in one transaction. The 4-plex offers all 2 bedroom 2 bathroom units, secured 2 car garage parking for each unit, in unit laundry hookups, and fenced yards. All these are very attractive features for potential tenants and the current rents are below market leaving upside to the next Buyer. Each duplex is on its own APN and the legal addresses are 4240 & 4264 Sherman Lane. Carson City is a popular rental submarket and is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many residences and visitors seeking both employment, recreation and business.
Active
$1,350,000
4240 Sherman Ln, Carson City, NV 89706
8beds
1106baths
4,400sqft
Quadruplex
Built in 1992
-- sqft lot
$-- Zestimate®
$307/sqft
$-- HOA
What's special
Fenced yardsIn unit laundry hookups
- 21 days
- 237
- 13
Zillow last checked:
Listing updated:
Listed by:
Angela Beard S.48237 775-722-5868,
RE/MAX Gold
Source: NNRMLS,MLS#: 260010400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 1106
Heating
- Forced Air, Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Included: Oven, Dishwasher, Disposal, Electric Oven, Electric Range, Gas Range, Refrigerator
- Laundry: In Unit, Washer Hookup
Features
- Flooring: Carpet, Ceramic Tile, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Has fireplace: No
Interior area
- Total structure area: 4,400
- Total interior livable area: 4,400 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Fencing: Back Yard
Lot
- Size: 0.38 Acres
- Features: Landscaped
Details
- Additional structures: None
- Parcel number: 00879531
- Zoning: Gc
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame
- Foundation: Slab, Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
Green energy
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Empire Terrace
Location
- Region: Carson City
Financial & listing details
- Price per square foot: $307/sqft
- Tax assessed value: $244,169
- Annual tax amount: $3,046
- Date on market: 8/12/2026
- Listing terms: 1031 Exchange,Cash,Conventional
- Tenant pays: Gas, Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $1,350,000-10%$307/sqft |
Source:  NNRMLS #260010400 Report a problem | ||
| 1/1/2026 | Listing removed | $1,500,000$341/sqft |
Source: NNRMLS #250004033 Report a problem | ||
| 10/6/2025 | Listed for sale | $1,500,000$341/sqft |
Source: NNRMLS #250004033 Report a problem | ||
| 9/1/2025 | Listing removed | $1,500,000$341/sqft |
Source: NNRMLS #250004033 Report a problem | ||
| 4/1/2025 | Listed for sale | $1,500,000+710.8%$341/sqft |
Source: NNRMLS #250004033 Report a problem | ||
| 5/30/2014 | Listing removed | $800 |
Source: Valley Realty & Management Report a problem | ||
| 5/23/2014 | Price change | $800+6.7% |
Source: Valley Realty & Management Report a problem | ||
| 10/6/2012 | Listed for rent | $750 |
Source: Valley Realty & Management Report a problem | ||
| 12/10/2001 | Sold | $185,000$42/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,052 +0.3% | $85,459 -3.3% |
| 2024 | $3,042 +8% | $88,346 +9.2% |
| 2023 | $2,817 +8% | $80,899 +10.8% |
| 2022 | $2,609 +3.6% | $73,017 +3.6% |
| 2021 | $2,517 | $70,458 +4.8% |
| 2019 | $2,517 +6.9% | $67,230 +2.4% |
| 2018 | $2,356 +4.8% | $65,675 +3% |
| 2017 | $2,248 +4.2% | $63,737 +2.4% |
| 2016 | $2,157 +2.6% | $62,244 -1.5% |
| 2015 | $2,103 +3.4% | $63,164 +7.8% |
| 2014 | $2,034 -3.4% | $58,583 +5.7% |
| 2013 | $2,106 +5% | $55,440 -6.3% |
| 2012 | $2,006 -0.6% | $59,160 -8.9% |
| 2011 | $2,019 +6.7% | $64,973 -11.8% |
| 2010 | $1,892 +7.8% | $73,691 -4.8% |
| 2009 | $1,755 +8% | $77,419 -3% |
| 2008 | $1,625 +7.2% | $79,784 +9.3% |
| 2007 | $1,516 | $72,993 +21.6% |
| 2006 | -- | $60,040 +7.2% |
| 2005 | -- | $56,028 +10% |
| 2004 | -- | $50,946 +0.7% |
| 2003 | -- | $50,577 -1.9% |
| 2002 | -- | $51,554 +3% |
| 2001 | $1,276 | $50,040 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 89706
Nearby schools
Schools provided by the listing agent
- Elementary: Mark Twain
- Middle: Eagle Valley
- High: Carson
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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