1461 East 7th Street

Closed 1/30/25

Last Sold Price

$450,000

5 beds4 baths1,640 sqft$274/sqft

1461 E 7th St, Reno, NV 89512

Description

Drive By Only! Please Do Not Disturb Tenants! All Viewings Can Take Place Within 3 Days Of Accepted Offer. Investment Opportunity in Reno! This multi-family property features four separate units on one parcel, making it a prime option for investors or owner-occupiers seeking rental income. The property includes one studio, two 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, offering a versatile mix to attract a variety of tenants., Conveniently located near UNR, Downtown Reno, shopping, restaurants,...Drive By Only! Please Do Not Disturb Tenants! All Viewings Can Take Place Within 3 Days Of Accepted Offer. Investment Opportunity in Reno! This multi-family property features four separate units on one parcel, making it a prime option for investors or owner-occupiers seeking rental income. The property includes one studio, two 1-bedroom/1-bath units, and one 2-bedroom/1-bath unit, offering a versatile mix to attract a variety of tenants., Conveniently located near UNR, Downtown Reno, shopping, restaurants, and everything this vibrant city has to offer, the property also boasts easy access to major thoroughfares. 4 Separate Units On One Parcel With Same APN. Roof, Windows and A/C Recently Replaced. Cap Rate At 7.5% Studio - 616sqft, 1 Bed/1 Bath - 600sqft, 1 Bed/1 Bath - 336sqft and 2 Bed/1 Bath 750sqft. Partial Utilities - Owner Pays: Water, Trash and Sewer

LISTING CLOSED: 01/30/2025 12:00 AM

Listed by Alan Hoffman • HomeGate Realty of Reno
P: (775)-826-9696 alan@homegaterealty.com

Property Details for 1461 East 7th Street

Status

Closed

MLS #

240015069

Days on Compass

Taxes

$2,157 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Residential Income

Year Built

1932

Lot Size

0.33 AC / 14,374 SF

County

Washoe County

Zoning

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Location

Listing Courtesy of HomeGate Realty of Reno, Alan Hoffman, License #B.26300

Sold By NextHome Yourpickettfence Group, Tim Lambdin, License #BS.7450

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Building Information for 1461 East 7th Street

Stories1Residences4Year Built1932Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

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$2,467 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,287

Property Taxes

$180

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1461 East 7th Street

Summary

Location and General Information

Directions: Sutro St - E. 7th St
Address:Parcel Number: 00833203

Taxes and HOA

Association Amenities: Barbecue
Association Fee: $0

Tax Annual Amount: $2,157
Tax Legal:Elementary School: Booth
Tax Legal:Middle Or Junior School: Vaughn
Tax Legal:High School: Wooster
Tax Legal:Tax Annual Amount: $2,157
Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
Tax Legal:Zoning: MU
Tax Legal:Directions: Sutro St - E. 7th St
AssociationCommunity:Number Of Buildings: 4.0
Association Amenities:Barbecue: Yes

Parking

Attached Garage YN: Yes
Parking Features: Attached, Common, Garage

Parking Total: 6.0
Parking Information:Parking Total: 6.0
Parking Features:Attached: Yes
Parking Features:Common: Yes
Parking Features:Garage: Yes

School Information

Elementary School: Booth
High School: Wooster

Middle Or Junior School: Vaughn

Property

Lot Information

Lot Features: Landscaped
Lot Size Acres: 0.33

Lot Size Area: 0.33
Lot Size Square Feet: 14374.8
Lot Size Units: Acres
Water Source: Public
Building Area Total: 1640.0
Lot:Lot Size Acres: 0.33
Lot:Lot Size Square Feet: 14374.8
Lot Features:Landscaped: Yes

Property and Assessments

Parcel Number: 00833203
Possession: Close Of Escrow

Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Property Type: Residential Income
Year Built: 1932
Number Of Buildings: 4
Possession:Close Of Escrow: Yes
Road Frontage Type:Public: Yes
Road Responsibility:Public Maintained Road: Yes

Utilities

Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed

Electric: True
Utilities:Cooling YN: Yes
Utilities:Heating YN: Yes
Utilities:Cable Available: Yes
Utilities:Electricity Available: Yes
Utilities:Internet Available: Yes
Utilities:Natural Gas Available: Yes
Utilities:Phone Available: Yes
Utilities:Sewer Available: Yes
Utilities:Water Available: Yes
Utilities:Cellular Coverage: Yes
Utilities:Water Meter Installed: Yes
Sewer:Public Sewer: Yes
Water Heater:Electric: Yes
Water Source:Public: Yes
Meter Information:Separate Meters YN: Yes
Meter Information:Separate Electric Meters YN: Yes
Meter Information:Separate Gas Meters YN: Yes
Meter Information:Separate Water Meters YN: Yes
Meter Information:Separate Water Heaters YN: Yes
Meter Information:One Primary Electric Meter YN: No
Meter Information:One Primary Gas Meter YN: No
Meter Information:One Primary Water Meter YN: No

Interior and Exterior Features

Exterior Features

Patio And Porch Features: Patio, Deck
Stories: 1

Construction Materials: Asbestos, Fiber Cement, Frame, Wood Siding
Fencing: Back Yard
Foundation Details: Slab, Stone, Crawl Space
Other Structures: Shed(s), Storage
Roof: Composition, Pitched, Shingle
Security Features: Smoke Detector(s)
Window Features: Blinds, Double Pane Windows, Skylight(s), Vinyl Frames
Building:Number Of Units Total: 4.0
Building:Stories: 1.0
Construction Materials:Asbestos: Yes
Construction Materials:Fiber Cement: Yes
Construction Materials:Frame: Yes
Construction Materials:Wood Siding: Yes
Fencing:Back Yard: Yes
Foundation Details:Crawl Space: Yes
Foundation Details:Slab: Yes
Foundation Details:Stone: Yes
Other Structures:Shed(s): Yes
Other Structures:Storage: Yes
Outdoor Living Spaces:Deck: Yes
Outdoor Living Spaces:Patio: Yes
Roof:Composition: Yes
Roof:Pitched: Yes
Roof:Shingle: Yes
Security Features:Smoke Detector(s): Yes
Window Features:Blinds: Yes
Window Features:Double Pane Windows: Yes
Window Features:Skylight(s): Yes
Window Features:Vinyl Frames: Yes

Interior Features

Cooling: Central Air, Electric, Evaporative Cooling, Refrigerated
Cooling YN: Yes

Flooring: Carpet, Vinyl
Heating: Baseboard, Electric, Forced Air, Wall Furnace
Heating YN: Yes
Laundry Features: In Unit
Bathrooms Total Integer: 0
Bathrooms Total Decimal: 0.0
Bathrooms Total Notational: 0.0
Appliances: Oven, Dryer, Gas Range, Refrigerator, Washer
Interior:Building Area Total: 1640.0
Interior:Building Area Source: Owner
Cooling:Central Air: Yes
Cooling:Electric: Yes
Cooling:Evaporative Cooling: Yes
Cooling:Refrigerated: Yes
Flooring:Carpet: Yes
Flooring:Vinyl: Yes
Heating:Baseboard: Yes
Heating:Electric: Yes
Heating:Forced Air: Yes
Heating:Wall Furnace: Yes
Appliances:Dryer: Yes
Appliances:Gas Range: Yes
Appliances:Oven: Yes
Appliances:Refrigerator: Yes
Appliances:Washer: Yes
Laundry Features:In Unit: Yes

Multi Family

Income & Expenses

Total Annual Operating Expenses: $5,000
Gross Scheduled Income: $38,800

Net Operating Income: $33,800
Income and Expenses:Income Info Withheld YN: No
Income and Expenses:Annual Debt Service: 0.0
Income and Expenses:Annual Income & Expenses: Actual
Income and Expenses:Gross Scheduled Income: $38,800
Income and Expenses:Net Operating Income: $33,800
Income and Expenses:Total Annual Expenses: $5,000
Income and Expenses:Vacancy Allowance: $0

Multi Family Information

Number Of Units Total: 4

Rental

Rent Information

Tenant Pays: All Utilities
Pet Information:Pets Comments: Pet Restrictions

Tenant Pays:All Utilities: Yes

Property History for 1461 East 7th Street

Date	Event & Source	Price	Appreciation
Jan 30, 2025	Sold NNRMLS #240015069	$450,000	—
Jan 14, 2025	Sold (Public Record) Public Record #1550709423	$450,000	+20.1% / yr
Dec 7, 2024	Pending NNRMLS #240015069		—
Dec 5, 2024	Listed (Active) NNRMLS #240015069	$450,000	—
Oct 30, 2012	Sold NNRMLS #120011178	$47,900	—
Oct 26, 2012	Sold (Public Record) Public Record #340956527	$48,000	+107.4% / yr
Oct 23, 2012	Pending NNRMLS #120011178		—
Sep 11, 2012	Listed (Active) NNRMLS #120011178	$72,900	—
Nov 10, 2010	Sold (Public Record) Public Record #299264944	$11,483	—

Date	Event & Source	Price
01/30/2025	Sold NNRMLS #240015069	$450,000
01/14/2025	Sold (Public Record) Public Record #1550709423	$450,000 +20.1% / yr
12/07/2024	Pending NNRMLS #240015069	—
12/05/2024	Listed (Active) NNRMLS #240015069	$450,000
10/30/2012	Sold NNRMLS #120011178	$47,900
10/26/2012	Sold (Public Record) Public Record #340956527	$48,000 +107.4% / yr
10/23/2012	Pending NNRMLS #120011178	—
09/11/2012	Listed (Active) NNRMLS #120011178	$72,900
11/10/2010	Sold (Public Record) Public Record #299264944	$11,483

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

Public Records for 1461 East 7th Street

Taxable ValueLand$40,163Additions$35,291Total$75,454

Tax Record2025$2,232 ($186 / month)

Home Facts

Baths3Total Finished SqFt600 SqFtAbove Grade Finished SqFt600 SqFtUnfinished Basement SqFt600 SqFtStories1Lot Size14,187 SqFtStyleTriplexYear Built1932ZoningMUCountyWASHOEAPN008-332-03

Schools near 1461 East 7th Street

This home is within Washoe County School District.


Rating	School	Type	Grades	Distance
1/10	Libby C Booth Elementary School	Public - Serves this home	PK to 5	1.1 mi
4/10	E Otis Vaughn Middle School	Public - Serves this home	6 to 8	1.5 mi
4/10	Earl Wooster High School	Public - Serves this home	9 to 12	2.1 mi
8/10	Coral Academy Middle School	Charter - Choice school	5 to 8	0.2 mi
6/10	Coral Academy Charter School Elementary	Charter - Choice school	K to 4	0.9 mi
6/10	High Desert Montessori Charter School	Charter - Choice school	PK to 8	1.1 mi
NR	Reno Christian Academy	Private - Nearby school	K to 8	0.9 mi


Rating	School	Distance
1/10	Libby C Booth Elementary School PublicPK to 5 Serves this home	1.1 mi
4/10	E Otis Vaughn Middle School Public6 to 8 Serves this home	1.5 mi
4/10	Earl Wooster High School Public9 to 12 Serves this home	2.1 mi
8/10	Coral Academy Middle School Charter5 to 8 Choice school	0.2 mi
6/10	Coral Academy Charter School Elementary CharterK to 4 Choice school	0.9 mi
6/10	High Desert Montessori Charter School CharterPK to 8 Choice school	1.1 mi
NR	Reno Christian Academy PrivateK to 8 Nearby school	0.9 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1461 East 7th Street, Reno, NV 89512	$450,000	5	4	1,640	14,374
1465 East 7th Street, Reno, NV 89512	$255,000	1	1	416	10,018
1491 East 7th Street, Reno, NV 89512	$420,000	–	–	8,000	10,801
1439 East 7th Street, Reno, NV 89512	–	2	1	710	14,157
1425 East 7th Street, Reno, NV 89512	–	3	1	1,023	10,367
1498 East 7th Street, Reno, NV 89512	–	–	–	45,900	487,175
770 Montello Street, Unit 1, Reno, NV 89512	$249,900	5	5	2,000	6,534
770 Montello Street, Reno, NV 89512	$550,000	5	5	2,050	6,534
1403 East 7th Street, Reno, NV 89512	–	2	1	681	6,926
760-790 Montello Street, Unit 5, Reno, NV 89512	$369,000	5	5	2,050	6,534
680 Montello Street, Reno, NV 89512	–	–	–	19,200	26,944
1420 East 9th Street, Unit 12, Reno, NV 89512	–	–	–	–	416
775 Montello Street, Reno, NV 89512	$745,000	–	6	2,985	5,153
1420 East 9th Street, Unit 11, Reno, NV 89512	–	–	–	–	416
1295 East 7th Street, Reno, NV 89512	$116,500	–	6	2,985	4,928
1295 East 7th Street, Unit A B C, Reno, NV 89512	$116,050	4	4	2,985	4,791

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Listing Courtesy of HomeGate Realty of Reno, Alan Hoffman, License #B.26300

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.

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