Multi-family opportunity featuring three studio units in the Wells Avenue District. Wood siding exterior and mature trees enhancing its curb appeal, this property offers ample street parking and convenient alley access to garage spaces which varies per unit. 5% cap rate, it presents a fantastic investment opportunity in close proximity to the University of Nevada, Reno.
Closed
$430,000
611 Elko Ave, Reno, NV 89512
--beds
0baths
1,620sqft
Multi Family
Built in 1998
-- sqft lot
$442,800 Zestimate®
$265/sqft
$1,321 Estimated rent
Home value
$442,800
$403,000 - $487,000
$1,321/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Richard Berman S.181980 775-800-5032,
Dickson Realty - Damonte Ranch
Bought with:
Bradley Buxton, S.200334
Address Income
Source: NNRMLS,MLS#: 240013912
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas, Wall Furnace
Appliances
- Included: Oven, Gas Range
- Laundry: None
Features
- Flooring: Carpet, Vinyl
- Windows: Double Pane Windows, Metal Frames
Interior area
- Total structure area: 1,620
- Total interior livable area: 1,620 sqft
Property
Parking
- Total spaces: 4
- Parking features: Alley Access, Garage, Varies by Unit
Features
- Stories: 2
- Fencing: None
Lot
- Size: 5,227 Square Feet
- Features: Landscaped
Details
- Parcel number: 00818107
- Zoning: Mdid
- Special conditions: Court Approval
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Crawl Space
- Roof: Composition,Pitched,Shingle
Condition
- Year built: 1998
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
Community & HOA
Location
- Region: Reno
Financial & listing details
- Price per square foot: $265/sqft
- Tax assessed value: $262,801
- Annual tax amount: $2,545
- Date on market: 10/31/2024
- Cumulative days on market: 92 days
- Listing terms: 1031 Exchange,Cash,Conventional
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Listing removed | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/14/2026 | Listed for rent | $1,150$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/31/2025 | Sold | $430,000-21.8%$265/sqft |
Source:  NNRMLS #240013912 Report a problem | ||
| 1/6/2025 | Pending sale | $550,000$340/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 12/31/2024 | Price change | $550,000-8.2%$340/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 12/3/2024 | Price change | $599,000-5.7%$370/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 11/8/2024 | Pending sale | $635,000$392/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 10/31/2024 | Listed for sale | $635,000+447.4%$392/sqft |
Source: NNRMLS #240013912 Report a problem | ||
| 6/24/2011 | Sold | $116,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,720 +7.9% | $91,980 +2.4% |
| 2025 | $2,520 +8% | $89,846 -1.8% |
| 2024 | $2,334 +7.9% | $91,494 +14.5% |
| 2023 | $2,163 +8% | $79,897 +24.1% |
| 2022 | $2,003 +6.4% | $64,385 +6.5% |
| 2021 | $1,883 +4.9% | $60,435 +2.6% |
| 2020 | $1,795 -4.7% | $58,928 |
| 2019 | $1,883 +4.9% | $58,928 +4.8% |
| 2018 | $1,795 +12% | $56,226 +22.9% |
| 2017 | $1,603 | $45,751 -0.9% |
| 2016 | $1,603 | $46,174 +4.2% |
| 2015 | $1,603 +3.4% | $44,322 +5.4% |
| 2014 | $1,550 | $42,068 +1% |
| 2013 | $1,550 | $41,650 |
| 2012 | -- | $41,650 +2.5% |
| 2011 | -- | $40,623 +0.2% |
| 2010 | -- | $40,558 -6.1% |
| 2009 | -- | $43,193 -22.7% |
| 2008 | -- | $55,857 |
| 2007 | -- | $55,857 +11.4% |
| 2006 | -- | $50,130 +5.2% |
| 2005 | -- | $47,647 +12.1% |
| 2004 | -- | $42,496 -1.1% |
| 2003 | -- | $42,972 +0.7% |
| 2002 | -- | $42,678 |
| 2001 | -- | $42,678 |
Find assessor info on the county website
Neighborhood: East 4th Street
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Nearby schools
GreatSchools rating
- 1/10Libby C Booth Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Booth
- 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.
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Estimated market value
$442,800
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Estimated market value
$442,800
- Nevada
- Washoe County
- Reno
- 89512
- East 4th Street
- 611 Elko Ave
Nearby cities
Nearby neighborhoods
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