Last Sold Price
14 beds6,026 sqft$214/sqft
3001 W 4th St, Reno, NV 89523

Description

Outstanding 12 unit property on .50 acre lot. Secluded setting, yet close to town. Fully occupied. Onsite laundry provides additional income. Ten 1 bedroom units, two 2 bedroom units. Adjacent .77 acre parcel APN 006-250-46 available for $130,000. Possible seller financing on that parcel only. New, high efficiency oil furnace heats ten units. Two units on propane heat. Property is on a private well and city sewer. Incredible 8 % cap rate. Do not walk or drive onto property. APOD in associated documents.Outstanding 12 unit property on .50 acre lot. Secluded setting, yet close to town. Fully occupied. Onsite laundry provides additional income. Ten 1 bedroom units, two 2 bedroom units. Adjacent .77 acre parcel APN 006-250-46 available for $130,000. Possible seller financing on that parcel only. New, high efficiency oil furnace heats ten units. Two units on propane heat. Property is on a private well and city sewer. Incredible 8 % cap rate. Do not walk or drive onto property. APOD in associated documents.
LISTING CLOSED: 07/09/2018 05:00 PM

  1. Listed by Barrie Lynn • Ferrari-Lund Real Estate Reno

Property Details for 3001 West 4th Street

Status
MLS #
180006577
Days on Compass
55
Taxes
$3,288 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Apartment Complex
Year Built
1956
Lot Size
0.50 AC / 21,780 SF
Zoning Actual
MUW4
Total Parking Capacity
60

Recent comparable sales

Median sold price

$1,300,000

Avg days on market

62

Sale-to-list ratio

97.5%

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
$1,115,000 | 3175 Idlewild Drive, Reno, NV 89509
1/41
2

$1,115,000

Sold 10/06/25

4
Bedrooms
2,483
Square Feet
0.28
Acres
a kitchen with a stove and a microwave
1/27
3

$905,000

Sold 12/16/24

6
Bedrooms
3
Bathrooms
2,548
Square Feet
0.16
Acres
a front view of a house with a yard and a garage
1/113
4

$1,315,000

Sold 11/13/25

3
Bedrooms
2,487
Square Feet
0.78
Acres
$1,315,000 | 3240 Marthiam Avenue, Reno, NV 89509
1/41
5

$1,315,000

Sold 08/30/24

5
Bedrooms
5,014
Square Feet
0.56
Acres
$1,312,000 | 1547 Kestrel Court, Reno, NV 89509
1/40
6

$1,312,000

Sold 02/14/25

5
Bedrooms
5,014
Square Feet
0.32
Acres
$1,160,000 | 2070 Driscoll Drive, Reno, NV 89509
1/59
7

$1,160,000

Sold 06/26/26

4
Bedrooms
3,250
Square Feet
0.41
Acres
$1,450,000 | 1245 Sharon Way, Reno, NV 89509
1/52
8

$1,450,000

Sold 11/20/25

4
Bedrooms
3,247
Square Feet
0.24
Acres
a front view of a house with garden
1/40
9

$1,300,000

Sold 11/26/24

3
Bedrooms
3,031
Square Feet
0.28
Acres

Location

Listing Courtesy of Ferrari-Lund Real Estate Reno, Barrie Lynn, License #5627

Sold By Chase International-Damonte, Gabriel Larkins, License #5491

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Building Information for 3001 West 4th Street

Stories1Residences-Year Built1956Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$6,831 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,557

Property Taxes

$274

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3001 West 4th Street

Summary
Location and General Information
  • Area: Reno-Old Northwest
  • Zip: 89523
  • Geo Latitude: 39.519587
  • Geo Longitude: -119.848862
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 3001 W 4th St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89523
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 3001 W 4th
  • County: Washoe
  • Xstreet/Directions: Just west of Summit Ridge on W 4th
  • Source of Zoning: Assessor
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $3,288.40
Parking
  • Parking Capacity per Unit: 5
  • Parking Types: Common
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1956.0
  • Acreage: 0.5
  • Type of Property: Apartment Complex
  • Parcel #: 00625013
  • ZG – Green Feature: Double Pane Windows, EnergyStar APPL 1 or more
  • Complex Name: 3001 W 4th
  • Gross Square Footage: 6026.0
Property and Assessments
  • Documents On File: Furn, Fixtures, and Equip, Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 00625013
  • Construction: Wood Frame
  • Assessment $: $.00
  • Associated Document Count: 1
  • LVT Date: 05-16-2018
Utilities
  • Individually Metered: No
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Forced Air, Oil
  • Water Heater: Electric
  • Windows: Double Pane, Vinyl Frame
  • Facility Features: Central Water Heaters, Landlord Pays Utilities, Master Heating/Cooling, Master Meter-Electric, Separate Heating/Cooling, Separate Water Heaters
  • Common Features: BBQ/Picnic Area
  • Unit Features: Blinds/Shades, Patio/Deck, Smoke Detector, Varies Per Unit
  • Appliances: Dishwasher, EnergyStar APPL 1 or More, Microwave, Oven/Range, Refrigerator, Varies Per Unit
  • Laundry: Common
  • Flooring: Ceramic Tile
  • Green Features: 1+ Energy Star Appliance
Exterior Features
  • Foundation: Concrete Slab
  • Exterior: Stucco
  • Roof: Composition/Shingle, Pitched
  • Utilities: City Sewer, Electricity, Oil Stove, Propane, Well-Private
  • Landscaped: Fully Landscaped
  • Sprinklers: Drip-Full
  • Fenced: Full
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 10
  • 1 Bedroom - SqFt/Unit: 450
  • 1 Bedroom - Avg Rent/Unit: 832
  • 2 Bedroom - # Baths: 2
  • 2 Bedroom - # Units: 2
  • 2 Bedroom - SqFt/Unit: 800
  • 2 Bedroom - Avg Rent/Unit: 1500
  • 3 Bedroom - # Baths: 0
  • 3 Bedroom - # Units: 0
  • 3 Bedroom - SqFt/Unit: 0
  • 3 Bedroom - Avg Rent/Unit: 0
  • 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: 1
  • # Units: 12
  • Stories: 1 Story
Income & Expenses
  • Income Info w/h: No
  • Annual Expenses: $44,994.61
  • Annual Income & Expenses: Pro Forma
  • Gross Scheduled Income: $136,300.00
  • Net Operating Income: $87,228.39
Agent
Showing and Remarks
  • Days to Contract: 30
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 55
  • DOMLS: 55
  • Cumulative DOM: 55
  • Cumulative DOMLS: 55
  • Possession: Subject to Tenants
  • Sale/Lease: For Sale
  • Contact Name: Listing Agent
  • Contact Phone: 775-544-6744
Rental
Rent Information
  • Annual Vacancy: $4,077.00
  • Current Lease: Leases

Property History for 3001 West 4th Street

DateEvent & SourcePriceAppreciation
Jul 9, 2018

Sold

NNRMLS #180006577

$1,290,000
Jun 16, 2018

Pending

NNRMLS #180006577

May 15, 2018

Listed (Active)

NNRMLS #180006577

$1,080,000
DateEvent & SourcePrice
07/09/2018

Sold

NNRMLS #180006577

$1,290,000
06/16/2018

Pending

NNRMLS #180006577

05/15/2018

Listed (Active)

NNRMLS #180006577

$1,080,000

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

Public Records for 3001 West 4th Street

Taxable ValueLand$57,750Additions$59,384Total$117,134
Tax Record2021$4,096 ($341 / month)
Home Facts
Baths12Total Finished SqFt5,850 SqFtAbove Grade Finished SqFt5,850 SqFtStories1Lot Size22,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950Year Renovated1967ZoningMSCountyWASHOEAPN006-250-13

Schools near 3001 West 4th Street

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
Public - PK to 12
Rating
School
Distance
Grace Warner Elementary School
PublicPK to 5

Archie Clayton Middle School
Public6 to 8

Reno High School
Public9 to 12

Marvin Picollo School
PublicPK 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3001 West 4th Street, Reno, NV 89523
$1,290,000
14
6,026
21,780
$332,000
3
2,182
3,049
$265,000
3
2,182
3,484
$229,000
3
1,411
3,920
2
2
1,211
54,581
$465,000
3
1,596
3,049

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 Ferrari-Lund Real Estate Reno, Barrie Lynn, License #5627

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.