1550 W 7th St

Reno, NV 89503

$465,000
Last Sold Price
4
Beds
2
Baths
1,744 Sq. Ft.
$267 / Sq. Ft.
1,744
Sq. Ft.
$267
per Sq. Ft.
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Closed 3/31/23
Closed 3/31/23
a backyard of a house
a view of a house with a street
an empty room with windows
a view of a kitchen with furniture and a window
a room with storage and utility
a view of an empty room and window
a bathroom with a granite countertop sink and a bathtub
a bathroom with a granite countertop sink toilet and shower
an empty room with a window
a view of empty room with wooden floor and fan
a view of parking garage
a view of an entryway
an empty room with a empty space and windows
a view of a hallway with closet and wooden floor
a view of an empty room
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a kitchen with a refrigerator a stove top oven a sink and dishwasher

Description

This vacant duplex is ideal for investors who are looking for a new project, as it has the potential to produce a 5.5% cap rate after renovations. The owner preferred to keep it vacant for the listing to provide greater flexibility for a buyer. You can start renovations right away. With a renovation, the potential for rental income could increase to over $350 in monthly income after mortgage and all operating expenses, with 6.5% interest financing and a 30% down payment., A complete multifamily investment...This vacant duplex is ideal for investors who are looking for a new project, as it has the potential to produce a 5.5% cap rate after renovations. The owner preferred to keep it vacant for the listing to provide greater flexibility for a buyer. You can start renovations right away. With a renovation, the potential for rental income could increase to over $350 in monthly income after mortgage and all operating expenses, with 6.5% interest financing and a 30% down payment., A complete multifamily investment property analysis is available upon request.
  1. Listed by Trevor Richardson • Address Income
    P: (775)-233-0754 trichardson@addressincome.com
  2. Listed by Christopher Moton • Address Income
    P: (775)-870-7142 chris@marmotproperties.com

Property Details for 1550 West 7th Street

Zoning
MF-30
LISTING CLOSED: 03/31/2023 12:00 AM

Property Details for 1550 West 7th Street

StatusClosed
MLS #230001390
Days on Compass42
Taxes$832 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.18 AC / 7,840 SF
CountyWashoe County
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Location

Listing Courtesy of Address Income, Trevor Richardson, License #B.1002905; Address Income, Christopher Moton, License #BS.145493

Sold By Sierra Nevada Properties-Reno, Mona Klotz, License #S.179212

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Building Information for 1550 West 7th Street

Stories1Residences2Year Built1959Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

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$2,386 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,317

Property Taxes

$69

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1550 West 7th Street

Summary
Location and General Information
  • Directions: Keystone
  • Address:Parcel Number: 00616102
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $832
  • Tax Legal:Elementary School: Elmcrest
  • Tax Legal:Middle Or Junior School: Clayton
  • Tax Legal:High School: Reno
  • Tax Legal:Tax Annual Amount: $832
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MF-30
  • Tax Legal:Directions: Keystone
  • AssociationCommunity:Number Of Buildings: 1.0
Parking
  • Attached Garage YN: No
  • Parking Features: Garage
  • Parking Total: 4.0
  • Parking Information:Parking Total: 4.0
  • Parking Features:Garage: Yes
School Information
  • Elementary School: Elmcrest
  • High School: Reno
  • Middle Or Junior School: Clayton
Property
Lot Information
  • Lot Features: Landscaped, Other
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Square Feet: 7840.8
  • Lot Size Units: Acres
  • Building Area Total: 1744.0
  • Lot:Lot Size Acres: 0.18
  • Lot:Lot Size Square Feet: 7840.8
  • Lot Features:Landscaped: Yes
  • Lot Features:Other: Yes
Property and Assessments
  • Parcel Number: 00616102
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1959
  • Number Of Buildings: 1
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Meter Installed
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Gas: 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: No
  • 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: Brick, Frame
  • Fencing: Full
  • Foundation Details: Crawl Space
  • Roof: Composition, Pitched, Shingle
  • Window Features: Blinds, Single Pane Windows
  • Building:Number Of Units Total: 2.0
  • Building:Stories: 1.0
  • Construction Materials:Brick: Yes
  • Construction Materials:Frame: Yes
  • Fencing:Full: Yes
  • Foundation Details:Crawl Space: Yes
  • Outdoor Living Spaces:Deck: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Window Features:Blinds: Yes
  • Window Features:Single Pane Windows: Yes
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Flooring: Carpet, Vinyl, Wood
  • Heating: Natural Gas
  • Heating YN: Yes
  • Laundry Features: Washer Hookup
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Gas Range, Refrigerator
  • Interior:Building Area Total: 1744.0
  • Interior:Building Area Source: Assessor
  • Cooling:Wall/Window Unit(s): Yes
  • Flooring:Carpet: Yes
  • Flooring:Vinyl: Yes
  • Flooring:Wood: Yes
  • Heating:Natural Gas: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Vacant
  • Income and Expenses:Gross Scheduled Income: $0
  • Income and Expenses:Net Operating Income: $0
  • Income and Expenses:Total Annual Expenses: $0
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Number Of Units Total: 2

Property History for 1550 West 7th Street

DateEvent & SourcePriceAppreciation
Mar 31, 2023

Sold

NNRMLS #230001390

$465,000—
Mar 28, 2023

Sold (Public Record)

Public Record #1508381070

$465,000—
Feb 22, 2023

Pending

NNRMLS #230001390

—
DateEvent & SourcePrice
03/31/2023

Sold

NNRMLS #230001390

$465,000
03/28/2023

Sold (Public Record)

Public Record #1508381070

$465,000
02/22/2023

Pending

NNRMLS #230001390

—

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

Public Records for 1550 West 7th Street

Taxable ValueLand$42,840Additions$19,800Total$62,640
Tax Record2025$949 ($79 / month)
Home Facts
Baths2Total Finished SqFt1,744 SqFtAbove Grade Finished SqFt1,744 SqFtStories1Lot Size8,015 SqFtStyleDuplexYear Built1959ZoningMF30CountyWASHOEAPN006-161-02

Schools near 1550 West 7th Street

This home is within Washoe County School District.
Rating
School
Type
Grades
Distance
Elmcrest Elementary School
Public - PK to 5
Archie Clayton Middle School
Public - 6 to 8
Reno High School
Public - 9 to 12
Innovations High School - 16510
Public - 9 to 12
Rating
School
Distance
Elmcrest Elementary School
PublicPK to 5

Archie Clayton Middle School
Public6 to 8

Reno High School
Public9 to 12

Innovations High School - 16510
Public9 to 12

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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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 Address Income, Trevor Richardson, License #B.1002905; Address Income, Christopher Moton, License #BS.145493

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.