Active

$880,000

468 Capitol Hill Ave, Reno, NV 89502

4beds

4baths

2,288sqft

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Quadruplex

Built in 1954

-- sqft lot

$-- Zestimate^®

$385/sqft

$-- HOA

What's special

Large lotPavered patiosUpgraded appliancesLvp flooringPlumbing and electrical updatesNew roofsNew windows and doors

The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers all 1 bed units with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.

3 days

264

8

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Wall Furnace

Appliances

Included: Oven, Dishwasher, Gas Range, Refrigerator
Laundry: None

Features

Flooring: Luxury Vinyl
Windows: Double Pane Windows, Vinyl Frames
Has fireplace: No

Interior area

Total structure area: 2,288
Total interior livable area: 2,288 sqft

Property

Parking

Total spaces: 4
Parking features: Common

Features

Levels: One
Stories: 1
Exterior features: None
Pool features: None
Spa features: None
Fencing: Partial

Lot

Size: 8,712 Square Feet
Features: Level

Details

Additional structures: None
Parcel number: 01341107
Zoning: MF-30

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Asbestos
Foundation: Crawl Space
Roof: Composition,Pitched

Condition

Year built: 1954

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Southside

Location

Region: Reno

Financial & listing details

Price per square foot: $385/sqft
Tax assessed value: $267,383
Annual tax amount: $1,306
Date on market: 6/9/2026
Listing terms: 1031 Exchange,Cash,Conventional
Total actual rent: 3215
Tenant pays: Gas, Electricity

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/9/2026	Listed for sale	$880,000+131.6%$385/sqft
Source: NNRMLS #260007314 Report a problem
6/18/2020	Listing removed	$1,275$1/sqft
Source: Mynd Property Management Report a problem
2/11/2020	Price change	$1,275+6.3%$1/sqft
Source: Mynd Property Management Report a problem
2/7/2020	Listed for rent	$1,200$1/sqft
Source: Mynd Property Management Report a problem
12/20/2019	Sold	$380,000-7.3%$166/sqft
Source: NNRMLS #190016638 Report a problem
12/4/2019	Listed for sale	$410,000$179/sqft
Source: Clark Real Estate & Inv. #190016638 Report a problem
11/9/2019	Pending sale	$410,000$179/sqft
Source: Clark Real Estate & Inv. #190016638 Report a problem
11/4/2019	Listed for sale	$410,000+134.3%$179/sqft
Source: Clark Real Estate & Inv. #190016638 Report a problem
4/28/1999	Sold	$175,000+161.2%$76/sqft
Source: Public Record Report a problem
4/19/1996	Sold	$67,000$29/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$1,306 +2.8%	$93,584 +6.5%
2025	$1,271 +3.3%	$87,890 +1.7%
2024	$1,231 +2.9%	$86,399 +0.4%
2023	$1,196 +8%	$86,025 +25.1%
2022	$1,108 +2.8%	$68,742 +20.5%
2021	$1,078 +5.1%	$57,034
2020	$1,026 -4.9%	--
2019	$1,078 +5.1%	$49,939 +26.3%
2018	$1,026 +7.4%	$39,550 +1%
2017	$955	$39,155 +7.7%
2016	$955	$36,351 +8.3%
2015	$955 +1.7%	$33,556 +26.6%
2014	$939	$26,514 +13%
2013	$939	$23,462
2012	--	$23,462 -0.1%
2011	--	$23,486 -11.1%
2010	--	$26,422 -47.1%
2008	--	$49,986
2007	--	$49,986 +38.7%
2005	--	$36,049 +17.8%
2004	--	$30,592 -0.6%
2003	--	$30,779 +0.4%
2002	--	$30,664
2001	--	$30,664

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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