462 Laurel St

$1,050,000
Price
7
Beds
4
Baths
3,340 Sq. Ft.
$314 / Sq. Ft.
3,340
Sq. Ft.
$314
per Sq. Ft.

Description

Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history., The pictures are from...Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history., The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.
  1. Listed by Victoria Palladino • Dickson Realty - Caughlin
    P: (775)-250-5561 vpalladino@dicksonrealty.com

Property Details for 462 Laurel Street

Zoning
Mu
Subdivision Name
Edmonds
Furnished
Unfurnished
LISTING UPDATED: 12/11/2025 02:25 PM

Property Details for 462 Laurel Street

StatusActive
MLS #250000365
Days on Compass348
Taxes$3,305 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1918
Lot Size0.16 AC / 6,969 SF
CountyWashoe County

Location

Listing Courtesy of Dickson Realty - Caughlin, Victoria Palladino, License #S.178436
Add your commute

Building Information for 462 Laurel Street

Stories1Residences3Year Built1918Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$5,464 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,188

Property Taxes

$275

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 462 Laurel Street

Summary
Location and General Information
  • Directions: Valley Road
  • Address:Parcel Number: 007-193-04
  • Address:Within City Limits YN: Yes
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $3,305
  • Tax Legal:Neighborhood: East University
  • Tax Legal:Elementary School: Lemelson Stem Academy
  • Tax Legal:Middle Or Junior School: Traner
  • Tax Legal:High School: Hug
  • Tax Legal:Tax Annual Amount: $3,305
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Utilities Assessment to Assume YN: No
  • Tax Legal:Zoning: Mu
  • Tax Legal:Zoning Source: Assessor
  • Tax Legal:Directions: Valley Road
  • AssociationCommunity:Number Of Buildings: 2.0
  • AssociationCommunity:Senior Community YN: No
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, Assigned
  • Parking Total: 3.0
  • Parking Information:Parking Total: 3.0
  • Parking Features:Alley Access: Yes
  • Parking Features:Assigned: Yes
School Information
  • Elementary School: Lemelson Stem Academy
  • High School: Hug
  • Middle Or Junior School: Traner
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: 3340.0
  • Lot:Lot Size Acres: 0.16
  • Lot:Lot Size Square Feet: 6969.6
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 007-193-04
  • Possession: Close Of Escrow
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1918
  • Property Sub Type: Triplex
  • Number Of Buildings: 2
  • Possession:Close Of Escrow: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Phone Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Utilities:Cellular Coverage: Yes
  • Utilities:Water Meter Installed: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Gas: 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: 3
  • Meter Information:Separate Gas Meters YN: Yes
  • Meter Information:Number Of Separate Gas Meters: 3
  • Meter Information:Separate Water Meters YN: Yes
  • Meter Information:Number Of Separate Water Meters: 2
  • 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: Yes
Interior and Exterior Features
Exterior Features
  • Stories: 1
  • Construction Materials: Frame, Stucco
  • Fencing: Full
  • Foundation Details: Slab
  • Roof: Flat
  • Security Features: Smoke Detector(s)
  • Senior Community YN: No
  • Window Features: Blinds, Double Pane Windows, Vinyl Frames
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 1.0
  • Building:ADA Compliant YN: No
  • Construction Materials:Frame: Yes
  • Construction Materials:Stucco: Yes
  • Fencing:Full: Yes
  • Foundation Details:Slab: Yes
  • Roof:Flat: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:Automatic: Yes
  • Sprinklers:Drip System: Yes
  • Window Features:Blinds: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Vinyl Frames: Yes
Interior Features
  • Cooling: Central Air
  • Cooling YN: Yes
  • Fireplace YN: No
  • Flooring: Carpet, Concrete, Laminate
  • Heating: Forced Air, Natural Gas
  • Heating YN: Yes
  • Laundry Features: In Kitchen, In Unit
  • Number Of Separate Water Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Units Mo Mo: 3
  • Number Of Units Leased: 3
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Interior:Building Area Total: 3340.0
  • Interior:Building Area Source: Assessor
  • Interior:Fireplace YN: No
  • Cooling:Central Air: Yes
  • Flooring:Carpet: Yes
  • Flooring:Concrete: Yes
  • Flooring:Laminate: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Appliances:Dishwasher: Yes
  • Appliances:Disposal: Yes
  • Appliances:Dryer: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Microwave: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Appliances:Washer: Yes
  • Laundry Features:In Kitchen: Yes
  • Laundry Features:In Unit: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $7,290
  • Gross Scheduled Income: $37,800
  • Net Operating Income: $30,510
  • Income and Expenses:Income Info Withheld YN: No
  • Income and Expenses:Annual Debt Service: 0.0
  • Income and Expenses:Annual Income & Expenses: Actual
  • Income and Expenses:Gross Scheduled Income: $37,800
  • Income and Expenses:Net Operating Income: $30,510
  • Income and Expenses:Total Actual Rent: $3,200
  • Income and Expenses:Total Annual Expenses: $7,290
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Number Of Units Total: 3
  • Unit Details:Number Of Units Leased: 3
  • Unit Details:Number Of Units Month To Month: 3
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Tenant Pays:All Utilities: Yes

Property History for 462 Laurel Street

DateEvent & SourcePriceAppreciation
Mar 31, 2025

Price Change

NNRMLS #250000365

$1,050,000—
Jan 10, 2025

Listed (Active)

NNRMLS #250000365

$950,000—
Jul 8, 2013

Sold (Public Record)

Public Record #356112311

$190,000—
DateEvent & SourcePrice
03/31/2025

Price Change

NNRMLS #250000365

$1,050,000
01/10/2025

Listed (Active)

NNRMLS #250000365

$950,000
07/08/2013

Sold (Public Record)

Public Record #356112311

$190,000

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

Public Records for 462 Laurel Street

Taxable ValueLand$42,875Additions$86,869Total$129,744
Tax Record2024$3,305 ($275 / month)
Home Facts
Baths4Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt1,416 SqFtFinished Basement SqFt1,344 SqFtStories1Lot Size6,895 SqFtStyleDuplexYear Built1918ZoningMUCountyWASHOEAPN007-193-04

Schools near 462 Laurel 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
Fred W Traner Middle School
Public6 to 8

Procter R Hug 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.

Similar Homes

Similar Sold Homes

462 Laurel Street is a multi-family home for sale in Reno, NV 89512. This property was listed for sale on January 10, 2025 by Dickson Realty - Caughlin, it's currently listed at $1,050,000. It has been on the market for a total of 348 days and was last sold on July 8, 2013. This listing's school district is Washoe County School District. Nearby schools include Dorothy Lemelson STEM Academy Elementary School, Fred W Traner Middle School and Procter R Hug High School. 462 Laurel Street is a 7-bed, 4-bath, 3,340 sqft multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dickson Realty - Caughlin, Victoria Palladino, License #S.178436

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.