2 months on rocket

650 Elko Ave, Reno, NV, 89512

$874,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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650 Elko Ave, Reno$874,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1910
HeatingNatural Gas, Forced Air
MLS #240011814
Lot Size0.17 Acres
StatusActive
(Price Reduced)

About 650 Elko Ave

Fantastic investment opportunity! This well-maintained 4-plex at 650 Elko Ave offers incredible income potential in a desirable location. 1-2 bedroom and 1 bath unit, 2-1 bedroom 1 bath units and a studio. Each unit features well-maintained and updated features providing comfortable living spaces for tenants. Conveniently located near shopping, dining, and schools, UNR, and downtown, this property attracts a steady stream of renters.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2

Listing Office:

  • Office Name: Realty Boulevard
  • Office Phone: (775) 622-0322
  • Listing Agent: Amber McDade

Interior Features

Interior Information:

  • Appliances: Oven/Range
  • Flooring Type: Carpet, Varies by Unit

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: W. 7th Street to Elko Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $874,000

Tax Information:

  • Annual Amount: $1,590
  • 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

650 Elko Ave vs Reno

65 DAYS ON ROCKET

-13 Days

$874,000

+$303.3K More

KEY TAKEAWAY

This property is $303.3K more than the Median Sold Price in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240011814

Listing Office:

  • Office Name: Realty Boulevard
  • Office Phone: (775) 622-0322
  • Listing Agent: Amber McDade

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

Jan 28, 2013Home Sold
$245,000
Feb 14, 2012Home Sold
$63,500
May 30, 2003Home Sold
$200,000
Sep 03, 1999Home Sold
$170,000
Dec 30, 1994Home Sold
$85,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,590$59,928
2019$1,424$58,898
2018$1,358$50,966
2017$1,306$40,682

History based on county public records data.

Payment Calculator

$4,430

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,687

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-746235
9
/10

  • Coral Academy Elementary School

  • 1701 Valley Rd

  • 0.62 miles

  • Public Charter Grades KG-4

school-card-donut-746236
3
/10

  • Glenn Duncan STEM Academy

  • 1200 Montello St

  • 0.74 miles

  • Public District Grades KG-5

school-card-donut-746237
6
/10

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

  • 2001 Soaring Eagle Dr

  • 0.78 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. The majority of Reno, NV residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Nevada›Washoe County›Reno›89512›650 Elko Ave

This home is located at 650 Elko Ave in Reno, NV and zip code 89512 in the Downtown Reno Regional Center neighborhood. This home, which was built in 1910, sits on a 0.17 acre lot. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $874,000.

In October 2024 more than 51 listings in Reno, NV were sold above the asking price. During the same period more than 88 listings were sold at asking price, while more than 165 were sold below. In October 2024 in Reno, NV there were 1.9% more homes for sale than in September 2024. Listings spent 78 days on the market in October 2024, and had a median list price of $570,655 during the same period.

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

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