519 Elko Ave

$875,000
Price
7
Beds
2,856 Sq. Ft.
$306 / Sq. Ft.
2,856
Sq. Ft.
$306
per Sq. Ft.

Description

Prime investment opportunity in Reno’s thriving and growing downtown area at 519 Elko Ave, offering excellent rental income potential. This 5 unit multifamily has been fully renovated in 2021 with up to date appliances and amenities. In a growing urban location, making it an ideal choice for both buyers, investors and renters. The property includes two duplexes, each with 2-bedroom, 1-bathroom units, along with separate 1-bedroom, 1-bathroom units. Cap rate is 5.89%Prime investment opportunity in Reno’s thriving and growing downtown area at 519 Elko Ave, offering excellent rental income potential. This 5 unit multifamily has been fully renovated in 2021 with up to date appliances and amenities. In a growing urban location, making it an ideal choice for both buyers, investors and renters. The property includes two duplexes, each with 2-bedroom, 1-bathroom units, along with separate 1-bedroom, 1-bathroom units. Cap rate is 5.89%
  1. Listed by Cristopher Garcia • Reno Real Estate

Property Details for 519 Elko Avenue

Zoning Actual
MD-ID
Total Parking Capacity
7
LISTING UPDATED: 05/13/2025 11:12 PM

Property Details for 519 Elko Avenue

StatusActive
MLS #250004448
Days on Compass261
Taxes$1,792 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building (up to 8 Units)
Year Built1915
Lot Size0.17 AC / 7,492 SF
CountyWashoe County

Location

Listing Courtesy of Reno Real Estate, Cristopher Garcia, License #15700
Add your commute

Building Information for 519 Elko Avenue

Stories2Residences-Year Built1915Building Size-Lot Size0.17 AC / 7,492 SF

Payment Calculator

$4,473 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,324

Property Taxes

$149

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 519 Elko Avenue

Summary
Location and General Information
  • Geo Latitude: 39.533186
  • Geo Longitude: -119.806561
  • Geo Quality: 0.95
  • Geo Zoom Level: 14.0
  • Geo Address Line: 519 Elko Ave
  • Geo Primary City: Reno
  • Geo Subdivision: NV
  • Geo Postal Code: 89512
  • Geo Match Code: 0
  • Geo Matched Method: 0
  • Address: 519 Elko Ave
  • County: Washoe
  • Elementary School: Booth
  • Middle School: Vaughn
  • High School: Wooster
  • Xstreet/Directions: E 6th
  • Source of Zoning: Assessor
Taxes and HOA Information
  • Map: 89512
  • CC/R Restrictions: No
  • Taxes $: $1,792.00
Parking
  • Parking Capacity per Unit: 1
  • Parking Types: Tandem, Common, Varies Per Unit
Property
Lot Information
  • Class: Multi-Family
  • Type: Multi-Family
  • Source of SqFt: Assessor
  • Year Built: 1915.0
  • Acreage: 0.172
  • Type of Property: Apartment Building (up to 8 Units)
  • Parcel #: 00853105
  • Complex Name: Elko Ave
  • Gross Square Footage: 2856.0
Property and Assessments
  • Documents On File: Rental/Leases
  • ADA Compliant: No
  • APOD Available: Yes
  • Construction: Wood Frame
  • HUD: No
  • Associated Document Count: 0
  • LVT Date: 04-08-2025
Utilities
  • Individually Metered: Yes
Interior and Exterior Features
Interior Features
  • Heating/Cooling: Evap Cooling, Natural Gas, Radiant Heat-Ceiling, Varies by Unit
  • Water Heater: Electric
  • Windows: Double Pane, Varies by Unit
  • Facility Features: Separated Meters-Gas, Separate Meters-Electric, Primary Meter-Water
  • Common Features: None
  • Unit Features: Patio/Deck, Varies Per Unit
  • Appliances: Refrigerator, Oven/Range, Dishwasher, Microwave, Varies Per Unit
  • Laundry: Common, Varies Per Unit
  • Flooring: Laminate, Varies by Unit
Exterior Features
  • Foundation: Basement/Finished, Concrete/Crawl Space
  • Exterior: Masonry Veneer, Vinyl Siding
  • Roof: Pitched
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Internet Available, Cellular Coverage Avail
  • Landscaped: Fully Landscaped
  • Sprinklers: Yes
  • Fenced: Full
Room
  • Studio - # Baths: 0
  • 1 Bedroom - # Baths: 1
  • 1 Bedroom - # Units: 3
  • 1 Bedroom - SqFt/Unit: 576
  • 1 Bedroom - Avg Rent/Unit: 1160
  • 2 Bedroom - # Baths: 1
  • 2 Bedroom - # Units: 2
  • 2 Bedroom - SqFt/Unit: 570
  • 2 Bedroom - Avg Rent/Unit: 1425
  • 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: 3
  • # Units: 5
  • Stories: 2 Story
Income & Expenses
  • Annual Debt Service: $.00
  • Annual Expenses: $17,599.00
  • Annual Income & Expenses: Actual
  • Gross Scheduled Income: $70,620.00
  • Net Operating Income: $53,021.00
Agent
Showing and Remarks
  • Showing Instructions: ShowingTime
Sale and Listing
  • Sale/Rent: For Sale
  • DOM: 36
  • DOMLS: 36
  • Cumulative DOM: 123
  • Cumulative DOMLS: 123
  • Possession: COE
  • Sale/Lease: For Sale
  • Contact Name: Cristopher Garcia
  • Contact Phone: 775-247-9615
Rental
Rent Information
  • Annual Vacancy: $.00
  • Current Lease: Leases

Property History for 519 Elko Avenue

DateEvent & SourcePriceAppreciation
May 8, 2025

Price Change

NNRMLS #250004448

$885,000
May 8, 2025

Price Change

NNRMLS #250004448

$875,000
Apr 7, 2025

Listed (Active)

NNRMLS #250004448

$900,000
Jan 22, 2025

Expired

NNRMLS #240013797

Dec 28, 2024

In Contract

NNRMLS #240013797

Dec 11, 2024

Price Change

NNRMLS #240013797

$910,000
Oct 27, 2024

Listed (Active)

NNRMLS #240013797

$950,000
Jun 21, 2021

Sold

NNRMLS #210005909

$865,000
Jun 18, 2021

Sold (Public Record)

Public Record #1465320666

$865,000

+33.1% / yr

May 17, 2021

In Contract

NNRMLS #210005909

May 16, 2021

Pending

NNRMLS #210005909

May 5, 2021

Price Change

NNRMLS #210005909

$899,000
May 1, 2021

Listed (Active)

NNRMLS #210005909

$989,000
Feb 15, 2013

Sold (Public Record)

Public Record #347823401

$80,000
DateEvent & SourcePrice
05/08/2025

Price Change

NNRMLS #250004448

$885,000
05/08/2025

Price Change

NNRMLS #250004448

$875,000
04/07/2025

Listed (Active)

NNRMLS #250004448

$900,000
01/22/2025

Expired

NNRMLS #240013797

12/28/2024

In Contract

NNRMLS #240013797

12/11/2024

Price Change

NNRMLS #240013797

$910,000
10/27/2024

Listed (Active)

NNRMLS #240013797

$950,000
06/21/2021

Sold

NNRMLS #210005909

$865,000
06/18/2021

Sold (Public Record)

Public Record #1465320666

$865,000

+33.1% / yr

05/17/2021

In Contract

NNRMLS #210005909

05/16/2021

Pending

NNRMLS #210005909

05/05/2021

Price Change

NNRMLS #210005909

$899,000
05/01/2021

Listed (Active)

NNRMLS #210005909

$989,000
02/15/2013

Sold (Public Record)

Public Record #347823401

$80,000

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

Public Records for 519 Elko Avenue

Taxable ValueLand$47,250Additions$33,636Total$80,886
Tax Record2024$1,792 ($149 / month)
Home Facts
Baths5Total Finished SqFt1,412 SqFtAbove Grade Finished SqFt1,412 SqFtUnfinished Basement SqFt1,152 SqFtStories2Lot Size7,500 SqFtStyleDuplexYear Built1915ZoningMD-IDCountyWASHOEAPN008-531-05

Schools near 519 Elko Avenue

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

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

519 Elko Avenue is a multi-family home for sale in Reno, NV 89512. This property was listed for sale on April 8, 2025 by Reno Real Estate, it's currently listed at $875,000. It has been on the market for a total of 261 days and was last sold on June 22, 2021. This listing's school district is Washoe County School District. Nearby schools include Libby C Booth Elementary School, E Otis Vaughn Middle School and Earl Wooster High School. 519 Elko Avenue is a 7-bed, 2-bath, 2,856 sqft multi-family home built in 1915.

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 Reno Real Estate, Cristopher Garcia, License #15700

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.