17 days on rocket

611 Elko Ave, Reno, NV, 89512

$635,000

Home List Price

$7,541*

Closing Credit

0 Baths
Multi

Location

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611 Elko Ave, Reno$635,000

Buyer Closing Credits

$7,541*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage, Varies Per Unit
Year Built1998
HeatingNatural Gas, Forced Air, Wall Furnace
MLS #240013912
Lot Size0.12 Acres
StatusActive
(Under Contract-No Show)

About 611 Elko Ave

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.

Property Details

Property Features

Property Information:

  • Year Built: 1998
  • Stories: 2

Listing Office:

  • Office Name: Dickson Realty - Damonte Ranch
  • Office Phone: (775) 850-7000
  • Listing Agent: Richard Berman

Interior Features

Interior Information:

  • Appliances: Oven/Range
  • Flooring Type: Carpet, Sheet Vinyl

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Parking: Garage, Varies Per Unit

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Wall Furnace

Other

Directions Information:

  • Directions: Wells to E Sixth

Price Information

Listing Price Info

Price Summary:

  • List Price: $635,000

Tax Information:

  • Annual Amount: $2,003
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Reno, NV.

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Reno, NV

City

Med. Sold Price

$570.6K

Med. Price/SqFt

$323

Avg. Days On Market

78

# of Sold Homes

304

611 Elko Ave vs Reno

17 DAYS ON ROCKET

-61 Days

$635,000

+$64.3K More

KEY TAKEAWAY

This property is $64.3K more than the Median Sold Price in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240013912

Listing Office:

  • Office Name: Dickson Realty - Damonte Ranch
  • Office Phone: (775) 850-7000
  • Listing Agent: Richard Berman

IDX Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 16, 1996Home Sold
$18,500
Mar 01, 1991Home Sold
$56,525

Tax History

YEARPROP. TAXASSESSMENT
2020$2,003$60,782
2019$1,794$58,928
2018$1,713$56,226
2017$1,644$45,751

History based on county public records data.

Payment Calculator

$3,237

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,970

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-701482
9
/10

  • Coral Academy Elementary School

  • 1701 Valley Rd

  • 0.66 miles

  • Public Charter Grades KG-4

school-card-donut-701483
3
/10

  • Glenn Duncan STEM Academy

  • 1200 Montello St

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-701484
6
/10

  • Dorothy Lemelson S.T.E.M. Academy Elementary School

  • 2001 Soaring Eagle Dr

  • 0.82 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,197. Most Reno, NV residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Nevada›Washoe County›Reno›89512›611 Elko Ave

This home is located at 611 Elko Ave in Reno, NV and zip code 89512 in the Downtown Reno Regional Center neighborhood. This home, which was built in 1998, sits on a 0.12 acre lot. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $635,000.

In October 2024, from all listings sold in Reno, NV there were more than 51 sold above asking price, over 165 sold below and more than 88 were sold right at the asked price. The inventory of homes for sale in Reno, NV between September 2024 and October 2024 increased by 1.9%. While the average time on the market in October 2024 was 78 days, the median list price was $570,655.

From Rocket Homes Real Estate and based on county public records data.

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