Description
Prime Wells Avenue duplex in the heart of Reno, Nevada! This beautifully renovated 1945 brick duplex is a rare opportunity to own a cash-flowing income property in one of Reno's most visible and high-demand corridors. Located on Wells Avenue, this property offers a unique combination of immediate rental income and future development potential, making it ideal for investors, owner-investors, or those looking for a value-add commercial redevelopment site. The property has been thoughtfully renovated and converted into a true two-unit duplex, with one unit on the main level and a second unit in the fully finished basement each with private living space and strong rental appeal. Upstairs unit: 3 bedrooms + 2 bathrooms, currently rented on a month-to-month lease at 2,550/month Downstairs unit: 3 bedrooms + 2 bathroom, newly vacant and currently being marketed for rent at 1,750/month Situated on a 0.161-acre lot with prime frontage on Wells Avenue, this property is zoned GC (General Commercial) in Washoe County, opening the door to a wide variety of commercial and mixed-use possibilities. Even better plans have already been created for an 8-unit apartment building to be built on the rear portion of the lot, giving investors a head start on future expansion and redevelopment. Whether you're looking for a stabilized duplex, a Reno redevelopment opportunity, or a high-visibility commercial lot with existing income, this Wells Avenue property delivers a rare "best of both worlds" investment: rent now, build later. Endless potential in an unbeatable Reno location schedule your private tour today.
Details
| MLS # | 260000599 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 222 |
| Listing Provided By | Marmot Properties, LLC | Laura Kirsch |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,400 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Zoning | GC |
| Acreage | 0.16 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Window Features | Vinyl Frames |
| Appliances | Refrigerator, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Exterior Features | None |
| Security Features | Smoke Detector(s) |
| Lot Features | Open Lot |
| Construction Materials | Brick Veneer |
| Foundation Details | Concrete Perimeter |
| Fencing | None |
Parking
| Parking Features | Varies by Unit |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 1137 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89502 |
| Area | Washoe |
| Community Name | Meadow View Addition |
| School District | Wooster |
| Elementary School | Veterans |
| High School | Wooster |
| Listing VS Median (in Meadow View Addition) | |
Price: $1,000,000 low | high Med: $1,575,000 sqft: 2,400 low | high Med: 3,216 $ / sqft: $417 low | high Med: $475 On site: 222 low | high Med: 145 | |
Market Activity 89502
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Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89502 |
| Area | Washoe |
| Community Name | Meadow View Addition |
| School District | Wooster |
| Elementary School | Veterans |
| High School | Wooster |
| Listing VS Median (in Meadow View Addition) | |
Price: $1,000,000 low | high Med: $1,575,000 sqft: 2,400 low | high Med: 3,216 $ / sqft: $417 low | high Med: $475 On site: 222 low | high Med: 145 | |
