4300 Reno Hwy

3
Baths
2,850 Sq. Ft.
$368 / Sq. Ft.
2,850
Sq. Ft.
$368
per Sq. Ft.

Description

4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6 percent CAP rate, this property provides solid in-place cash flow and minimal deferred maintenance—ideal for investors seeking a low-maintenance, income-producing asset. Each of the three townhome-style units features a 2-bedroom, 1-bath layout with spacious living rooms, full kitchens, large bedrooms, and bathrooms with shower-over-tub configurations....4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6 percent CAP rate, this property provides solid in-place cash flow and minimal deferred maintenance—ideal for investors seeking a low-maintenance, income-producing asset. Each of the three townhome-style units features a 2-bedroom, 1-bath layout with spacious living rooms, full kitchens, large bedrooms, and bathrooms with shower-over-tub configurations. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing overall tenant satisfaction and leasing demand. All units have been extensively modernized since 2022, including luxury vinyl plank flooring, updated carpet, and refreshed fixtures throughout. Property systems include natural gas wall heaters, evaporative coolers, electric ranges, and gas water heaters—all contributing to efficient, cost-effective operations. The property is serviced by a shared private well with a new booster pump and a private septic system, reducing ongoing utility expenses. Additional surface parking provides flexibility for tenants and guests. Conveniently located just minutes from downtown Fallon and within commuting distance of the Reno-Tahoe Industrial Center, the property benefits from regional economic growth, strong rental demand, and a functional, tenant-friendly design. Each of the three townhome-style units features a 2-bedroom, 1-bathroom layout with a spacious living room, full kitchen, large bedrooms, and a bathroom with a shower-over-tub. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing rental appeal and tenant satisfaction. Since 2022, all three units have been extensively modernized, including updated luxury vinyl plank flooring, carpet, and fixtures. Systems include natural gas wall heaters, evaporative coolers for efficient cooling, electric ranges, and gas water heaters. The property is served by a private shared well with a new booster pump and its own septic system, reducing utility expenses and long-term operational costs. Additional surface parking offers flexibility for tenants or guests. Located just minutes from downtown Fallon and in proximity to the Reno-Tahoe Industrial Center, this asset benefits from regional economic growth, strong rental demand, and a tenant-friendly design. Seller is willing to also sell 4310 Reno Hwy- Parcel Number 00846159
  1. Listed by Donal Minihan • Brokerage DRE #B.143992 • RE/MAX Professionals-Reno
    P: (775)-800-3809 info@pmpro.info
  2. Listed by Brent Vaulet • Brokerage DRE #B.143992 • RE/MAX Professionals-Reno
    P: (775)-527-0031 brent@vaulethomes.com

Property Details for 4300 Reno Highway

Zoning
C1
Furnished
Unfurnished
LISTING CLOSED: 10/24/2025 12:00 AM

Property Details for 4300 Reno Highway

StatusClosed
MLS #250051401
Days on Compass134
Taxes$1,916 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1980
Lot Size1.03 AC / 44,866 SF
CountyChurchill County

Location

Listing Courtesy of RE/MAX Professionals-Reno, Donal Minihan, License #S.174259; RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

Sold By RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

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Building Information for 4300 Reno Highway

Stories1Residences3Year Built1980Building Size-Lot Size1.03 AC / 44,866 SF

Payment Calculator

$5,497 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,337

Property Taxes

$160

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4300 Reno Highway

Summary
Location and General Information
  • Latitude: 39.486568
  • Longitude: -118.844616
  • Cross Street: Quintin Way
  • Address:Parcel Number: 008-461-09
  • Address:Cross Street: Quintin Way
  • Address:Within City Limits YN: Yes
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $1,916
  • Tax Legal:Elementary School: Lahontan
  • Tax Legal:Middle Or Junior School: Churchill
  • Tax Legal:High School: Churchill
  • Tax Legal:Tax Annual Amount: $1,916
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Utilities Assessment to Assume YN: No
  • Tax Legal:Zoning: C1
  • AssociationCommunity:Senior Community YN: No
Parking
  • Attached Garage YN: No
  • Parking Features: Carport, Common
  • Parking Total: 6.0
  • Parking Information:Parking Total: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Common: Yes
School Information
  • Elementary School: Lahontan
  • High School: Churchill
  • Middle Or Junior School: Churchill
Property
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 1.03
  • Lot Size Area: 1.03
  • Lot Size Square Feet: 44866.8
  • Lot Size Units: Acres
  • Water Source: Private, Shared Well, Well
  • Building Area Total: 2850.0
  • Lot:Lot Size Acres: 1.03
  • Lot:Lot Size Square Feet: 44866.8
  • Lot:Pool Private YN: No
  • Lot:Spa YN: No
  • Lot Features:Level: Yes
Property and Assessments
  • Parcel Number: 008-461-09
  • Possession: Close Of Escrow
  • Property Type: Residential Income
  • Year Built: 1980
  • Property Sub Type: Triplex
  • Possession:Close Of Escrow: Yes
Utilities
  • Sewer: True
  • Utilities: Electricity Connected, Natural Gas Connected, Cellular Coverage
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities:Cellular Coverage: Yes
  • Sewer:Septic Tank: Yes
  • Water Heater:Central: Yes
  • Water Heater:Gas: Yes
  • Water Source:Private: Yes
  • Water Source:Shared Well: Yes
  • Water Source:Well: Yes
  • Meter Information:Separate Meters YN: Yes
  • Meter Information:Separate Electric Meters YN: Yes
  • Meter Information:Number Of Separate Electric Meters: 4
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Number Of Separate Gas Meters: 3
  • Meter Information:Separate Water Meters YN: No
  • Meter Information:One Primary Water Meter YN: No
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Patio And Porch Features: Patio
  • Stories: 1
  • Construction Materials: Wood Siding
  • Exterior Features: None
  • Fencing: Partial
  • Foundation Details: Crawl Space
  • Levels: One
  • Other Structures: Storage
  • Roof: Composition, Pitched
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Senior Community YN: No
  • Spa Features: None
  • Spa YN: No
  • Window Features: Aluminum Frames, Blinds
  • Pool Private YN: No
  • Building:Number Of Units Total: 3.0
  • Building:Building Name: 4300 Reno Hwy
  • Building:Stories: 1.0
  • Building:Outdoor Living Spaces YN: Yes
  • Building:ADA Compliant YN: No
  • Building:Units Furnished: None
  • Exterior Features:None: Yes
  • Fencing:Partial: Yes
  • Foundation Details:Crawl Space: Yes
  • Levels:One: Yes
  • Other Structures:Storage: Yes
  • Outdoor Living Spaces:Patio: Yes
  • Outdoor Living Spaces Features:Covered Patio: Yes
  • Pool Features:None: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Spa Features:None: Yes
  • Sprinklers:None: Yes
  • Window Features:Aluminum Frames: Yes
  • Window Features:Blinds: Yes
Interior Features
  • Cooling: Evaporative Cooling
  • Cooling YN: Yes
  • Fireplace YN: No
  • Flooring: Carpet, Luxury Vinyl, Vinyl
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Laundry Features: Common Area
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Units Vacant: 0
  • Number Of Units Mo Mo: 1
  • Number Of Units Leased: 3
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 3.0
  • Bathrooms Total Notational: 3.0
  • Bedrooms Total: 6
  • Appliances: Electric Range, Refrigerator
  • Interior:Building Area Total: 2850.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: No
  • Cooling:Evaporative Cooling: Yes
  • Flooring:Carpet: Yes
  • Flooring:Luxury Vinyl: Yes
  • Flooring:Vinyl: Yes
  • Heating:Wall Furnace: Yes
  • Insulation Details:Unknown: Yes
  • Interior Features:None: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:Common Area: Yes
Multi Family
Income & Expenses
  • Cable Tv Expense: $0
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $33,058
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Pro Forma
  • Income and Expenses:Cable TV Expense: $0
  • Income and Expenses:Cap Rate: 5.96%
  • Income and Expenses:Gross Scheduled Income: $45,000
  • Income and Expenses:Net Operating Income: $33,058
  • Income and Expenses:Total Actual Rent: $43,732
  • Income and Expenses:Vacancy Allowance: $1,350
Multi Family Information
  • Units Furnished: None
  • Number Of Units Total: 3
  • Unit Details:Number Of Units Leased: 3
  • Unit Details:Number Of Units Month To Month: 1
  • Unit Details:Number Of Units Vacant: 0
Rental
Rent Information
  • Tenant Pays: Trash Collection, Gas, Electricity
  • Tenant Pays:Electricity: Yes
  • Tenant Pays:Gas: Yes
  • Tenant Pays:Trash Collection: Yes

Property History for 4300 Reno Highway

DateEvent & SourcePriceAppreciation
Oct 24, 2025

Sold

NNRMLS #250051401

$1,050,000
Jun 22, 2025

Pending

NNRMLS #250051401

Jun 22, 2025

In Contract

NNRMLS #250051401

DateEvent & SourcePrice
10/24/2025

Sold

NNRMLS #250051401

$1,050,000
06/22/2025

Pending

NNRMLS #250051401

06/22/2025

In Contract

NNRMLS #250051401

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

Public Records for 4300 Reno Highway

Taxable ValueLand$13,300Additions$37,755Total$51,055
Tax Record2025$1,475 ($123 / month)
Home Facts
Total Finished SqFt2,850 SqFtAbove Grade Finished SqFt2,850 SqFtStories1Lot Size44,867 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980ZoningC1CountyCHURCHILLAPN008-461-09

Schools near 4300 Reno Highway

This home is within Churchill County School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 3
Public - 4 to 5
Public - 6 to 8
Rating
School
Distance
Lahontan Elementary School
PublicK to 1

E C Best Elementary School
Public2 to 3

Numa Elementary School
Public4 to 5

Churchill County Jr. High School
Public6 to 8

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 RE/MAX Professionals-Reno, Donal Minihan, License #S.174259; RE/MAX Professionals-Reno, Brent Vaulet, License #S.179290

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.