Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.
Active
$740,000
650 Denslowe Dr, Reno, NV 89512
8beds
4baths
2,966sqft
:
Get pre-qualified$4,875/mo
Quadruplex
Built in 1952
-- sqft lot
$-- Zestimate®
$249/sqft
$-- HOA
What's special
Private balconies
- 192 days |
- 369 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Jacqueline Lescott S.187479 775-360-0060,
Dickson Realty - Downtown
Source: NNRMLS,MLS#: 260001005
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Natural Gas, Wall Furnace
Cooling
- Wall/Window Unit(s), Varies by Unit
Appliances
- Included: Oven, Gas Range, Refrigerator
- Laundry: None
Features
- Flooring: Ceramic Tile, Laminate, Vinyl
- Windows: Blinds, Double Pane Windows, Metal Frames, Single Pane Windows, Vinyl Frames, Varies
- Has fireplace: No
Interior area
- Total structure area: 2,966
- Total interior livable area: 2,966 sqft
Property
Parking
- Total spaces: 6
- Parking features: Common
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Pool features: None
- Spa features: None
- Fencing: Partial
Lot
- Size: 6,098 Square Feet
- Features: Landscaped, Level
Details
- Additional structures: None
- Parcel number: 00801308
- Zoning: MF30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame
- Foundation: Slab
- Roof: Flat
Condition
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Sterling Village
Location
- Region: Reno
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $243,061
- Annual tax amount: $1,020
- Date on market: 1/29/2026
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
- Total actual rent: 4800
- Tenant pays: Gas, Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Price change | $740,000-1.3%$249/sqft |
Source:  NNRMLS #260001005 Report a problem | ||
| 1/29/2026 | Listed for sale | $750,000$253/sqft |
Source: NNRMLS #260001005 Report a problem | ||
| 1/17/2024 | Sold | $750,000+111.3%$253/sqft |
Source: Public Record Report a problem | ||
| 2/2/2006 | Sold | $355,000+146.5%$120/sqft |
Source: Public Record Report a problem | ||
| 12/8/2000 | Sold | $144,000+15.2%$49/sqft |
Source: Public Record Report a problem | ||
| 11/22/1996 | Sold | $125,000$42/sqft |
Source: Public Record Report a problem | ||
| 8/1/1994 | Sold | $125,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $1,020 +2.8% | $85,071 +4% |
| 2025 | $992 +3.1% | $81,777 +0.2% |
| 2024 | $963 +2.6% | $81,578 +12% |
| 2023 | $938 +2.8% | $72,838 +18.8% |
| 2022 | $912 +3.3% | $61,297 +11.4% |
| 2021 | $883 +3.2% | $55,020 +3.2% |
| 2020 | $856 -3.1% | $53,337 |
| 2019 | $883 +3.2% | $53,337 +35.7% |
| 2018 | $856 +10.1% | $39,307 +3% |
| 2017 | $777 | $38,177 +0.9% |
| 2016 | $777 | $37,837 +17.6% |
| 2015 | $777 0% | $32,184 +19.5% |
| 2014 | $777 +3.1% | $26,927 +21.4% |
| 2013 | $754 | $22,175 |
| 2012 | -- | $22,175 +15.5% |
| 2011 | -- | $19,195 -17.3% |
| 2010 | -- | $23,217 -11.9% |
| 2009 | -- | $26,341 -23.3% |
| 2008 | -- | $34,323 |
| 2007 | -- | $34,323 +17.5% |
| 2006 | -- | $29,216 +4.6% |
| 2005 | -- | $27,926 +12.2% |
| 2004 | -- | $24,893 -0.7% |
| 2003 | -- | $25,080 +0.5% |
| 2002 | -- | $24,965 |
| 2001 | -- | $24,965 |
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 University
Nearby schools
GreatSchools rating
- 4/10Dorothy Lemelson STEM Academy Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Fred W Traner Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Procter R Hug High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Lemelson Stem Academy
- Middle: Traner
- High: Hug
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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A local agent can set up tours, give advice and negotiate with sellers.
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