Last Sold Price
15 beds5,640 sqft$182/sqft
1446 Model Way, Reno, NV 89502

Description

Profitable and well cared for 7-plex in a desirable Reno location! All units were totally updated around 2004 including kitchens, bathrooms, and tile floors. The apartment building contains 6 - 2 bedroom / 1 bath units with lots of storage space and a coin-operated laundromat common area. The home on the property is a 3 bedroom, 2 bathroom and was also completed updated around 2004. The oversized 2-car garage is a divided space and is separately rented for additional income.Profitable and well cared for 7-plex in a desirable Reno location! All units were totally updated around 2004 including kitchens, bathrooms, and tile floors. The apartment building contains 6 - 2 bedroom / 1 bath units with lots of storage space and a coin-operated laundromat common area. The home on the property is a 3 bedroom, 2 bathroom and was also completed updated around 2004. The oversized 2-car garage is a divided space and is separately rented for additional income.
LISTING CLOSED: 06/26/2023 05:00 PM

Listing Agent

  1. Cole Mizak

    Cole Mizak

    Listing Agent

    Compass

    P: (775) 225-2549

Property Details for 1446 Model Way

Status
MLS #
230006120
Days on Compass
19
Taxes
$3,313 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Apartment Building (up to 8 Units)
Year Built
1944
Lot Size
0.33 AC / 14,374 SF
Buyer's Agent Compensation
3%
Zoning Actual
MF14
Total Parking Capacity
14

Recent comparable sales

Median sold price

$1,025,000

Avg days on market

127

Sale-to-list ratio

93.2%

Reno, NV

9 comparable properties found

$1,225,000 | 1050 West 2nd Street, Reno, NV 89503
1/41
1

$1,225,000

Sold 03/26/25

6
Bedrooms
4,998
Square Feet
0.07
Acres
a kitchen with a stove and a microwave
1/27
2

$905,000

Sold 12/16/24

6
Bedrooms
3
Bathrooms
2,548
Square Feet
0.16
Acres
$900,000 | 5548 Western Rider Trail, Unit CANTARO 26, Reno, NV 89511
1/32
3

$900,000

Sold 10/11/24

4
Bedrooms
2,744
Square Feet
0.12
Acres
4

$900,000

Sold 10/03/24

4
Bedrooms
3
Bathrooms
2,791
Square Feet
0.12
Acres
front view of a house with a patio
1/44
5

$905,000

Sold 03/20/26

4
Bedrooms
2,535
Square Feet
0.33
Acres
6

$1,025,000

Sold 12/23/24

4
Bedrooms
3
Bathrooms
2,243
Square Feet
0.15
Acres
$1,025,000 | 6418 Bonde Farms Lane, Reno, NV 89511
1/33
7

$1,025,000

Sold 01/02/25

4
Bedrooms
2,243
Square Feet
0.15
Acres
8

$1,140,000

Sold 08/18/25

2
Bedrooms
3
Bathrooms
1,791
Square Feet
0.05
Acres
a view of a house with a yard
1/40
9

$1,100,000

Sold 11/17/25

4
Bedrooms
2,531
Square Feet
0.17
Acres

Location

Listing Courtesy of Compass, Cole Mizak, License #S.0179606

Sold By RE/MAX Professionals-Reno, Brent Vaulet, License #10770

Add your commute

Building Information for 1446 Model Way

Stories2Residences-Year Built1944Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$5,486 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,210

Property Taxes

$276

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1446 Model Way

Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502
  • Geo Latitude: 39.48705
  • Geo Longitude: -119.779683
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 1446 Model Way
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89502
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 1446 Model Way
  • County: Washoe
  • Xstreet/Directions: Neil Road
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $3,313.25
Parking
  • Parking Capacity per Unit: 2
  • Parking Types: Common, Garage
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1944.0
  • Acreage: 0.33
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 02034207
  • Complex Name: Model Way Apartments
  • Gross Square Footage: 5640.0
Property and Assessments
  • Cap Rate: 5.00%
  • Documents On File: Financial Statements, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Wood Frame
  • Associated Document Count: 2
  • LVT Date: 06-09-2023
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Natural Gas, Forced Air
  • Water Heater: Natural Gas
  • Windows: Double Pane, Single Pane, Varies by Unit
  • Facility Features: Master Meter-Water, Separate Meters-Electric, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: BBQ/Picnic Area
  • Unit Features: Blinds/Shades, Smoke Detector
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Varies Per Unit, Washer
  • Laundry: Separate
  • Flooring: Carpet, Ceramic Tile
  • Green Features: None
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Wood Siding
  • Roof: Composition/Shingle, Flat, Membrane, Pitched
  • Utilities: City/County Water, City Sewer, map to 20, Electricity, Natural Gas
  • Landscaped: None
  • Sprinklers: None
  • Fenced: None
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 0
  • 1 Bedroom - # Units: 0
  • 1 Bedroom - SqFt/Unit: 0
  • 1 Bedroom - Avg Rent/Unit: 0
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 6
  • 2 Bedroom - SqFt/Unit: 800
  • 2 Bedroom - Avg Rent/Unit: 800
  • 3 Bedroom - # Baths: 2
  • 3 Bedroom - # Units: 1
  • 3 Bedroom - SqFt/Unit: 840
  • 3 Bedroom - Avg Rent/Unit: 1300
  • 4+ Bedroom - # Baths: 0
  • 4+ Bedroom - # Units: 0
  • 4+ Bedroom - SqFt/Unit: 0
  • 4+Bedroom - Avg Rent/Unit: 0
  • Manager Unit - # Bedrooms: 0
  • Manager Unit - # Baths: 0
  • Manager Unit - SqFt: 0
  • Studio - # Units: 0
  • Studio - SqFt/Unit: 0
Multi Family
Multi-Family Information
  • Studio - Average/Unit: 0
  • # Buildings: 2
  • # Units: 7
  • Stories: 2 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $23,653.24
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $74,639.88
  • Net Operating Income: $50,986.64
Agent
Showing and Remarks
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 19
  • DOMLS: 18
  • Cumulative DOM: 19
  • Cumulative DOMLS: 18
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Cole Mizak
  • Contact Phone: 775-225-2549
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 1446 Model Way

DateEvent & SourcePriceAppreciation
Jun 26, 2023

Sold

NNRMLS #230006120

$1,025,000
Jun 24, 2023

Sold (Public Record)

Public Record #1514187642

$1,025,000

+2.8% / yr

Jun 10, 2023

Pending

NNRMLS #230006120

DateEvent & SourcePrice
06/26/2023

Sold

NNRMLS #230006120

$1,025,000
06/24/2023

Sold (Public Record)

Public Record #1514187642

$1,025,000

+2.8% / yr

06/10/2023

Pending

NNRMLS #230006120

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1446 Model Way

Taxable ValueLand$65,625Additions$77,877Total$143,502
Tax Record2025$3,606 ($301 / month)
Home Facts
Baths7Total Finished SqFt840 SqFtAbove Grade Finished SqFt840 SqFtStories1Lot Size14,331 SqFtStyleMulti-Family Dwelling (2-4)Year Built1944ZoningMF30CountyWASHOEAPN020-342-07

Schools near 1446 Model Way

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Smithridge Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Damonte Ranch High School
Public9 to 12

Coral Academy Elementary-Northwest
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1446 Model Way, Reno, NV 89502
$1,025,000
15
5,640
14,374
$92,600
4
1,632
10,890
$1,125,000
6
19,647
1
754
6,665
3
1
2,504
9,017
$175,000
42,253

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Cole Mizak, License #S.0179606

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.