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 three 1 bed units and one 3 bed unit 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.
Active
Price cut: $40K (7/17)
$840,000
468 Capitol Hill Ave, Reno, NV 89502
6beds
4baths
2,288sqft
:
Get pre-qualified$5,533/mo
Quadruplex
Built in 1954
-- sqft lot
$-- Zestimate®
$367/sqft
$-- HOA
What's special
Large lotPavered patiosUpgraded appliancesLvp flooringPlumbing and electrical updatesNew roofsNew windows and doors
- 52 days |
- 481 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Angela Beard S.48237 775-722-5868,
RE/MAX Gold
Source: NNRMLS,MLS#: 260007314
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- 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: $367/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
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $840,000-4.5%$367/sqft |
Source:  NNRMLS #260007314 Report a problem | ||
| 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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: East Reno
Nearby schools
GreatSchools rating
- 2/10Veterans Memorial Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Veterans
- Middle: Vaughn
- High: Wooster
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $--1 bd1 ba550 sqft472 Capitol Hill Ave, Reno, NV 89502Off Market
- $532,0003 bd2 ba1.7k sqft460 Capitol Hill Ave, Reno, NV 89502Off Market
- $--2 bd1 ba900 sqft474 Capitol Hill Ave #D, Reno, NV 89502Off Market
- $--1 bd1 ba1k sqft474 Capitol Hill Ave APT G, Reno, NV 89502Off Market
- $--2 bd1 ba850 sqft474 Capitol Hill Ave APT E, Reno, NV 89502Off Market
- $--1 bd1 ba550 sqft466 Capitol Hill Ave #1, Reno, NV 89502Off Market
- $--1 bd1 ba550 sqft470 Capitol Hill Ave #3, Reno, NV 89502Off Market
- $--3 bd1 ba750 sqft468 Capitol Hill Ave #2, Reno, NV 89502Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $878,7003 bd3 ba1.8k sqft330 Broadway Blvd, Reno, NV 89502Active
MLS ID #260008423, Mauricio Pierrott, RE/MAX Professionals-Dayton. NNRMLS - $799,9004 bd2 ba1.9k sqft400 Claremont St, Reno, NV 89502Active
MLS ID #260009362, Cesar Salmoran, XLNT Properties. NNRMLS - $615,0004 bd6 ba2.4k sqft1313 Powell Ln, Reno, NV 89502Active
MLS ID #260009880, Amanda Mueller, NextHome Yourpickettfence Group. NNRMLS - $1,090,0007 bd6 ba3.1k sqft315 Crampton St, Reno, NV 89502Active
MLS ID #260008898, Brandon Becker, Engel & Volkers Reno. NNRMLS - $1,001,5009 bd7 ba3.2k sqft330 Stewart St, Reno, NV 89502ActiveMLS ID #250054351, Angela Beard, RE/MAX Gold. NNRMLS
- $862,0005 bd3 ba2.7k sqft6607 Enchanted Valley Dr, Reno, NV 89523ActiveMLS ID #260009710, Jonathan Poole, Real Broker LLC. NNRMLS
- $849,0004 bd3 ba2.9k sqft3230 Piazzo Cir, Reno, NV 89502ActiveMLS ID #260008538, Sue Bailey, Estate Realty. NNRMLS
- $749,0008 bd4 ba2.9k sqft670 Denslowe Dr, Reno, NV 89512ActiveMLS ID #260001931, Chris McCain, DL Realty. NNRMLS
- $544,5004 bd3 ba2.1k sqft4245 Ranchita Way, Reno, NV 89502ActiveMLS ID #260001544, Trulie McCabe, Assist-2-Sell Buyers & Sellers. NNRMLS
- $740,0008 bd4 ba2.9k sqft650 Denslowe Dr, Reno, NV 89512ActiveMLS ID #260001005, Jacqueline Lescott, Dickson Realty - Downtown. NNRMLS
- $810,0004 bd3 ba2.3k sqft2871 Sage Ridge Dr, Reno, NV 89509ActiveMLS ID #260007893, Bobbi McKinnon, Keller Williams Group One Inc.. NNRMLS
- $685,0004 bd2 ba1.8k sqft2770 Fairwood Dr, Reno, NV 89502ActiveMLS ID #260008127, Mark Ashworth, L. Lance Gilman Real Estate. NNRMLS
- $674,9003 bd2 ba2.5k sqft4955 Emery Dr, Reno, NV 89506ActiveMLS ID #250058012, Michael Lycans, Coldwell Banker Select Reno. NNRMLS
- $543,5004 bd2 ba1.5k sqft1401 Bresson Ave, Reno, NV 89502ActiveMLS ID #260007360, Mauricio Pierrott, RE/MAX Professionals-Dayton. NNRMLS
- $795,0003 bd2 ba1.6k sqft60 Caliente St, Reno, NV 89509ActiveMLS ID #250057801, Jason Bailey, RE/MAX Professionals-Reno. NNRMLS
- $695,0007 bd3 ba2.4k sqft947 I St, Sparks, NV 89431ActiveMLS ID #260008160, Kathryn Courtney, LPT Realty, LLC. NNRMLS
- $785,0003 bd3 ba2.6k sqft6259 Golden Meadow Rd, Reno, NV 89519ActiveMLS ID #260008789, Bobbi McKinnon, Keller Williams Group One Inc.. NNRMLS
- $--3 bd2 ba1.5k sqft17519 Northridge Ave, Reno, NV 89508AuctionServiceLink Auction
- $675,0005 bd3 ba2.7k sqft1675 Jewel Ridge Ct, Reno, NV 89506ActiveMLS ID #260007421, Kevin Caple, Coldwell Banker Select Reno. NNRMLS
- $699,9004 bd3 ba2.1k sqft1018 E St, Sparks, NV 89431ActiveMLS ID #260003782, Brenda Aucutt, RE/MAX Professionals-Sparks. NNRMLS
