Sold
Last Sold Price
8 beds4,524 sqft$243/sqft
340 Cheney St, Reno, NV 89502
Multi FamilyProperty Type
6,969 sq ftLot Size
1963Year Built
$243/sq ftPrice per sq ft
9 carsParking Spaces

Description

Nicely renovated 8 plex just East of Midtown. Clean, bright, large one bedroom units with new windows, wood laminate flooring, paint, new appliances and well landscaped with low maintenance synthetic lawn around central BBQ courtyard. Newly paved with parking for every unit + guest. Non-smoking property. Rents are below market. Priced at 5.3% cap on current, 6.2% cap on market rents. Please do not disturb tenants. Owner is licensed real estate agent. Call agent for APOD.Nicely renovated 8 plex just East of Midtown. Clean, bright, large one bedroom units with new windows, wood laminate flooring, paint, new appliances and well landscaped with low maintenance synthetic lawn around central BBQ courtyard. Newly paved with parking for every unit + guest. Non-smoking property. Rents are below market. Priced at 5.3% cap on current, 6.2% cap on market rents. Please do not disturb tenants. Owner is licensed real estate agent. Call agent for APOD.
  • Listed by: Allison Gorelick • Gorelick Real Estate Advisors
Listing closed: 07/19/2018 05:00 PM • Source: NNRMLS, MLS#: 180008496

Recent comparable sales

Median sold price

$1,100,000

Avg days on market

168

Sale-to-list ratio

95.1%

Reno, NV

9 comparable properties found

$2,590,000 | 635 Plumas Street, Reno, NV 89509
1/17
1

$2,590,000

Sold 10/25/24

8
Bedrooms
4,212
Square Feet
0.16
Acres
$1,000,000 | 1003-1011 South Arlington Avenue, Reno, NV 89509
1/31
2

$1,000,000

Sold 04/16/25

8
Bedrooms
8
Bathrooms
4,445
Square Feet
0.33
Acres
a view of a car parked in front of a house
1/7
3

$820,000

Sold 04/28/25

8
Bedrooms
32
Bathrooms
3,280
Square Feet
0.20
Acres
a view of a house with a snow in the yard
1/31
4

$840,000

Sold 06/10/25

8
Bedrooms
Unavailable
Bathrooms
2,438
Square Feet
0.15
Acres
5

$1,150,000

Sold 03/09/26

Unavailable
Bedrooms
Unavailable
Bathrooms
4,304
Square Feet
0.29
Acres
6

$1,275,000

Sold 08/13/25

Unavailable
Bedrooms
2
Bathrooms
4,327
Square Feet
0.24
Acres
7

$1,250,000

Sold 08/17/26

Unavailable
Bedrooms
Unavailable
Bathrooms
4,060
Square Feet
0.18
Acres
a front view of a house
1/3
8

$920,000

Sold 04/24/26

8
Bedrooms
4
Bathrooms
3,250
Square Feet
0.11
Acres
9

$1,100,000

Sold 12/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
4,824
Square Feet
0.61
Acres

Location

Listing Courtesy of Gorelick Real Estate Advisors, Allison Gorelick, License #8336

Sold By Chase International-Damonte, Yolanda Young, License #8015

Add your commute

Payment Calculator

$5,742 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,591

Property Taxes

$151

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 340 Cheney Street

Property Details
  • Taxes: $1,811 / year
  • MLS Type: Multi-Family / Apartment Building (up to 8 Units)
  • Zoning Actual: MF
  • Total Parking Capacity: 9
Building Information
  • Stories: 2
  • Year Built: 1963
  • Lot Size: 0.16 AC / 6,969 SF
Summary
Location and General Information
  • Area: Reno-Southeast
  • Zip: 89502
  • Geo Latitude: 39.518032
  • Geo Longitude: -119.803937
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 340 Cheney St
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89502
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 340 Cheney Street
  • County: Washoe
  • Xstreet/Directions: Wheeler
  • Source of Zoning: Owner
Taxes and HOA Information
  • CC/R Restrictions: No
  • Sliding Scale: No
  • Taxes $: $1,811.04
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Designated Parking
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1963.0
  • Acreage: 0.16
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 01311420
  • ZG – Green Feature: Double Pane Windows
  • Complex Name: 340 Cheney
  • Gross Square Footage: 4524.0
Property and Assessments
  • Documents On File: Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Tax Database ID: 5
  • Tax Property ID: 01311420
  • Construction: Masonry
  • Assessment $: $.00
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 06-16-2018
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Air Unit, Electric
  • Water Heater: Electric
  • Windows: Double Pane, Vinyl Frame
  • Facility Features: Master Meter-Water, Pet Restrictions, Separate Heating/Cooling, Separate Meters-Electric, Separate Water Heaters, Separated Meters-Gas, Tenant Pays Utilities
  • Common Features: Alley Access, BBQ/Picnic Area
  • Unit Features: Blinds/Shades
  • Appliances: Oven/Range, Refrigerator
  • Laundry: None
  • Flooring: Carpet, Laminate
  • Green Features: None
Exterior Features
  • Foundation: Concrete/Crawl Space
  • Exterior: Masonry Veneer
  • Roof: Pitched
  • Utilities: City Sewer, City/County Water, Electricity, Natural Gas
  • Landscaped: Partially Landscaped
  • Sprinklers: Drip-Front
  • Fenced: Front
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 8
  • 1 Bedroom - SqFt/Unit: 566
  • 1 Bedroom - Avg Rent/Unit: 861
  • 2 Bedroom - # Baths: 0
  • 2 Bedroom - # Units: 0
  • 2 Bedroom - SqFt/Unit: 0
  • 2 Bedroom - Avg Rent/Unit: 0
  • 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: 8
  • Stories: 2 Story
Income & Expenses
  • Income Info w/h: Yes
  • Annual Debt Service: $.00
  • Annual Expenses: $18,690.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $84,432.00
  • Net Operating Income: $63,209.00
Agent
Showing and Remarks
  • Days to Contract: 4
  • Showing Instructions: Call Listing Agent
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 34
  • DOMLS: 34
  • Cumulative DOM: 34
  • Cumulative DOMLS: 34
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Allison Gorelick
  • Contact Phone: 415-515-3435
Rental
Rent Information
  • Annual Vacancy: $2,532.00
  • Current Lease: Leases

Property History for 340 Cheney Street

DateEvent & SourcePriceAppreciation
Jul 19, 2018

Sold

NNRMLS #180008496

$1,100,000
Jul 19, 2018

Sold (Public Record)

Public Record #627000149

$1,100,000

+40.1% / yr

Jul 5, 2018

Pending

NNRMLS #180008496

DateEvent & SourcePrice
07/19/2018

Sold

NNRMLS #180008496

$1,100,000
07/19/2018

Sold (Public Record)

Public Record #627000149

$1,100,000

+40.1% / yr

07/05/2018

Pending

NNRMLS #180008496

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

Public Records for 340 Cheney Street

Taxable ValueLand$87,500Additions$41,393Total$128,893
Home Facts
Baths8Total Finished SqFt4,524 SqFtAbove Grade Finished SqFt4,524 SqFtStories2Lot Size7,013 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963Year Renovated1963ZoningMF30CountyWASHOEAPN013-114-20

Schools near 340 Cheney 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
Libby C Booth Elementary School
PublicPK to 5

E Otis Vaughn Middle School
Public6 to 8

Earl Wooster High School
Public9 to 12

Washoe Innovations Academy
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.

Similar Homes

New listings in 89502

$423,000 | 1075 Stewart Street, Reno, NV 89502
1/15

Listing Courtesy of Ferrari-Lund Real Estate Reno, Jamie Nelson, License #S.174113

New

$423,000

3
Bedrooms
975
Square Feet
0.14
Acres
$405,000 | 3453 East Hidden Valley Drive, Reno, NV 89502
1/40

Listing Courtesy of RE/MAX Gold, Jeanene Raffanelli, License #BS.1001952

New

$405,000

2
Bedrooms
1,046
Square Feet
$212,000 | 4602 Neil Road, Unit 72, Reno, NV 89502
1/13

Listing Courtesy of RE/MAX Gold-Midtown, Lexie Brecke, License #S.190734

New

$212,000

2
Bedrooms
860
Square Feet
$209,000 | 705 Jamaica Avenue, Unit 4, Reno, NV 89502
1/28

Listing Courtesy of Berkshire Hathaway HomeService, Lisa Williams, License #S.188952

$209,000

2
Bedrooms
798
Square Feet
$401,000 | 1515 Radcliffe Drive, Reno, NV 89502

Listing Courtesy of Chase International-Damonte, Marvin J Parker, License #S.25917

$401,000

3
Bedrooms
1,060
Square Feet
0.14
Acres
$275,000 | 70 Smithridge Park, Reno, NV 89502
1/37

Listing Courtesy of NextHome Yourpickettfence Group, Aapril Rollerson, License #S.203070

$275,000

3
Bedrooms
1,220
Square Feet
0.01
Acres
$365,000 | 4645 Persimmon Road, Reno, NV 89502

Listing Courtesy of Ferrari-Lund Real Estate South, Teri Bartl, License #S.179090

Active Under Contract - No Show

$365,000

3
Bedrooms
1,317
Square Feet
0.19
Acres
$232,500 | 1557 Delucchi Lane, Unit I # 135, Reno, NV 89502
1/28

Listing Courtesy of Coldwell Banker Select Reno, Lee Trefethen, License #S.48983

Active Under Contract - No Show

$232,500

2
Bedrooms
860
Square Feet
$290,000 | 5 Smithridge Park, Reno, NV 89502
1/35

Listing Courtesy of Dickson Realty - Caughlin, Chris Yochum, License #BS.146893

$290,000

2
Bedrooms
1,040
Square Feet
0.01
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 340 Cheney Street, Reno, NV 89502
$1,100,000
8
4,524
6,969
$599,000
8
4,524
6,969
$235,000
6
4
2,942
6,969
1,014
7,013
$1,491,000
1,242
15,159
$589,000
5
1,729
6,969

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 Gorelick Real Estate Advisors, Allison Gorelick, License #8336

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.