154 E Arroyo St

Reno, NV 89502

$550,000
Last Sold Price
—
Beds
—
Baths
1,148 Sq. Ft.
$479 / Sq. Ft.
1,148
Sq. Ft.
$479
per Sq. Ft.
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Closed 8/27/25
Closed 8/27/25
a front view of a house with a garden
a living room with furniture and a window
a living room with furniture and a window
a living room with furniture and a window
a kitchen with a refrigerator and white cabinets
a white refrigerator freezer sitting inside of a kitchen
a bedroom that has a bed and a table in it
a bedroom with a bed and a window
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a bathroom with a sink a toilet and shower
a bathroom with a bathtub and a shower
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a view of a storage & utility room with a refrigerator
a utility room with dryer and washer
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a front view of a house with a yard
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a dining room with furniture and wooden floor
a kitchen with sink and cabinets
a kitchen with stainless steel appliances a stove a refrigerator and cabinets
a bathroom with a sink and a toilet
a bedroom with a bed and a lamp next to a window
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Description

Two charming bungalows, one unbeatable opportunity! Located near the vibrant Wells Avenue district and just minutes from Midtown and Downtown Reno, this rare property features two free-standing Craftsman-style homes on a single lot—each with its own private fenced yard and timeless curb appeal. Perfectly positioned for both investors and owner-occupants, this gem offers flexibility and function. One home is a cozy 1 bed, 1 bath cottage, while the other is a 2 bed, 1 bath residence with original wood...Two charming bungalows, one unbeatable opportunity! Located near the vibrant Wells Avenue district and just minutes from Midtown and Downtown Reno, this rare property features two free-standing Craftsman-style homes on a single lot—each with its own private fenced yard and timeless curb appeal. Perfectly positioned for both investors and owner-occupants, this gem offers flexibility and function. One home is a cozy 1 bed, 1 bath cottage, while the other is a 2 bed, 1 bath residence with original wood floors and a full basement ideal for storage, creative space, or future expansion. Both units transfer with all appliances—even laundry. Step outside and you'll fall in love with the beautifully landscaped front yard —an ideal spot to soak in Reno sunsets and unwind in style. Pride of ownership shines throughout, with thoughtful upgrades including a sewer line replacement (less than 10 years ago) and a ducted heat pump cooling system in 134 E Arroyo. With General Commercial zoning, this property opens the door to a wide array of future uses—from mixed-use development to continued multifamily income. Currently estimated to generate 36,000/year in long-term rental income at a 5.5 cap rate, it's a smart, stable investment with low overhead. Also great for short-term rental potential or a house-hacker looking to live in one unit and rent the other! Multiple units, an excellent location, and a price that makes sense—don't let this rare Midtown-area find slip through your fingers!
  1. Listed by Wesley Pittman • TrueNest Properties
    P: (775)-908-7775 wpittman@truenest.com

Property Details for 154 East Arroyo Street

Zoning
GC
LISTING UPDATED: 08/27/2025 12:09 PM

Property Details for 154 East Arroyo Street

StatusClosed
MLS #250053528
Days on Compass35
Taxes$894 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1937
Lot Size0.16 AC / 6,969 SF
CountyWashoe County
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Location

Listing Courtesy of TrueNest Properties, Wesley Pittman, License #B.1003065

Sold By TrueNest Properties, Wesley Pittman, License #B.1003065

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Building Information for 154 East Arroyo Street

Stories1Residences2Year Built1937Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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$2,815 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,741

Property Taxes

$75

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 154 East Arroyo Street

Summary
Location and General Information
  • Latitude: 39.511605
  • Longitude: -119.804427
  • Address:Parcel Number: 014-134-04
  • Address:Within City Limits YN: Yes
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $894
  • Tax Legal:Neighborhood: Wells Avenue Neighborhood
  • Tax Legal:Elementary School: Veterans
  • Tax Legal:Middle Or Junior School: Vaughn
  • Tax Legal:High School: Wooster
  • Tax Legal:Tax Annual Amount: $894
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: GC
  • Tax Legal:Zoning Source: Assessor
  • AssociationCommunity:Number Of Buildings: 2.0
  • AssociationCommunity:Senior Community YN: No
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, Parking Pad
  • Parking Total: 4.0
  • Parking Information:Parking Total: 4.0
  • Parking Features:Alley Access: Yes
  • Parking Features:Parking Pad: Yes
School Information
  • Elementary School: Veterans
  • High School: Wooster
  • Middle Or Junior School: Vaughn
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
  • Water Source: Public
  • Building Area Total: 1148.0
  • Lot:Lot Size Acres: 0.16
  • Lot:Lot Size Square Feet: 6969.6
  • Lot:Pool Private YN: No
  • Lot:Spa YN: No
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 014-134-04
  • Possession: Seller Rent Back
  • Property Type: Residential Income
  • Year Built: 1937
  • Property Sub Type: Duplex
  • Number Of Buildings: 2
  • Possession:Seller Rent Back: Yes
Utilities
  • Sewer: True
  • Utilities: Electricity Available, Electricity Connected, Internet Available, Internet Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed
  • Electric: True
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Internet Available: Yes
  • Utilities:Internet Connected: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Sewer Connected: Yes
  • Utilities:Water Available: Yes
  • Utilities:Water Connected: 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:Number Of Separate Electric Meters: 2
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Number Of Separate Gas Meters: 2
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Number Of Separate Water Meters: 2
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Stories: 1
  • Construction Materials: Brick, Frame, Wood Siding
  • Exterior Features: Rain Gutters
  • Fencing: Back Yard, Front Yard, Partial
  • Foundation Details: Concrete Perimeter, Full Perimeter, Raised, Crawl Space
  • Levels: One
  • Other Structures: Shed(s), None
  • Roof: Composition, Shingle
  • Security Features: Smoke Detector(s)
  • Senior Community YN: No
  • Spa Features: None
  • Spa YN: No
  • Window Features: Blinds, Single Pane Windows, Wood Frames
  • Pool Private YN: No
  • Building:Number Of Units Total: 2.0
  • Building:Stories: 1.0
  • Building:Outdoor Living Spaces YN: No
  • Building:ADA Compliant YN: No
  • Construction Materials:Brick: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Rain Gutters: Yes
  • Fencing:Back Yard: Yes
  • Fencing:Front Yard: Yes
  • Fencing:Partial: Yes
  • Foundation Details:Concrete Perimeter: Yes
  • Foundation Details:Crawl Space: Yes
  • Foundation Details:Full Perimeter: Yes
  • Foundation Details:Raised: Yes
  • Levels:One: Yes
  • Other Structures:Shed(s): Yes
  • Other Structures:None: Yes
  • Pool Features:None: Yes
  • Roof:Composition: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Spa Features:None: Yes
  • Sprinklers:Drip System: Yes
  • Window Features:Blinds: Yes
  • Window Features:Single Pane Windows: Yes
  • Window Features:Wood Frames: Yes
Interior Features
  • Cooling: Central Air, Electric, Evaporative Cooling, Heat Pump, Wall/Window Unit(s)
  • Cooling YN: Yes
  • Fireplace YN: No
  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Heating: Electric, Forced Air, Heat Pump, Natural Gas, Wall Furnace
  • Heating YN: Yes
  • Laundry Features: In Unit, Washer Hookup
  • Number Of Separate Water Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Electric Meters: 2
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
  • Interior:Building Area Total: 1148.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: No
  • Cooling:Central Air: Yes
  • Cooling:Electric: Yes
  • Cooling:Evaporative Cooling: Yes
  • Cooling:Heat Pump: Yes
  • Cooling:Wall/Window Unit(s): Yes
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Flooring:Vinyl: Yes
  • Flooring:Wood: Yes
  • Heating:Electric: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump: Yes
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes
  • Insulation Details:Unknown: Yes
  • Interior Features:None: Yes
  • Appliances:Dryer: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Refrigerator: Yes
  • Appliances:Washer: Yes
  • Laundry Features:In Unit: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Gross Scheduled Income: $36,000
  • Net Operating Income: $30,600
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Income & Expenses: Pro Forma
  • Income and Expenses:Cap Rate: 5.50%
  • Income and Expenses:Gross Scheduled Income: $36,000
  • Income and Expenses:Net Operating Income: $30,600
Multi Family Information
  • Number Of Units Total: 2
Rental
Rent Information
  • Tenant Pays: Gas, Electricity
  • Tenant Pays:Electricity: Yes
  • Tenant Pays:Gas: Yes

Property History for 154 East Arroyo Street

DateEvent & SourcePriceAppreciation
Aug 27, 2025

Sold

NNRMLS #250053528

$550,000—
Jul 31, 2025

Pending

NNRMLS #250053528

—
Jul 31, 2025

In Contract

NNRMLS #250053528

—
DateEvent & SourcePrice
08/27/2025

Sold

NNRMLS #250053528

$550,000
07/31/2025

Pending

NNRMLS #250053528

—
07/31/2025

In Contract

NNRMLS #250053528

—

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

Schools near 154 East Arroyo Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Veterans Memorial Elementary School
Public - K to 5
E Otis Vaughn Middle School
Public - 6 to 8
Earl Wooster High School
Public - 9 to 12
Bailey Charter School
Charter - K to 6
Rating
School
Distance
Veterans Memorial Elementary School
PublicK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Bailey Charter School
CharterK to 6

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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Listing Courtesy of TrueNest Properties, Wesley Pittman, License #B.1003065

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.