Last Sold Price
6 beds3 baths2,548 sqft$355/sqft
531 Mill StReno, NV89502

Description

3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces! , Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property...3-Unit Brick Investment Property Minutes Away from Reno’s Best Entertainment and Eateries This charming property with both a duplex and single family home is located just east of downtown Reno. All 3 units offer two bedrooms and one bathroom and an additional unfinished basement for renovation or storage space. Tons of opportunity for value-add with these spaces! , Each unit has wood flooring and upgraded bathroom and kitchen finishes along with new plumbing, electrical, and new windows. The property comes with ample parking with both street and alley access. The duplex has been equipped with new roofing. Leases have been a mix of short term, long term and AirBNB bookings, grossing approximately $75,000 in 2023. This property is walking distance to the Reno Riverwalk District, Greater Nevada Field, and to Reno's best eateries, coffee shops, and bars.
LISTING CLOSED: 12/16/2024 12:00 AM

  1. Listed by Laura Kirsch • Marmot Properties, LLC
    P: (775)-391-9076 laura@marmotproperties.com

Property Details for 531 Mill Street

Status
MLS #
240013036
Days on Compass
67
Taxes
$1,851 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1932
Lot Size
0.16 AC / 6,969 SF
Zoning
MD-RD

Location

Listing Courtesy of Marmot Properties, LLC, Laura Kirsch, License #S.176875

Sold By Marmot Properties, LLC, Dilyn Rooker, License #S.197799

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Building Information for 531 Mill Street

Stories2Residences3Year Built1932Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$4,754 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,600

Property Taxes

$154

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 531 Mill Street

Summary
Location and General Information
  • Directions: High St & Mill St
  • Address:Parcel Number: 01211211
Taxes and HOA
  • Association Fee: $0
  • Tax Annual Amount: $1,851
  • Tax Legal:Elementary School: Booth
  • Tax Legal:Middle Or Junior School: Vaughn
  • Tax Legal:High School: Wooster
  • Tax Legal:Tax Annual Amount: $1,851
  • Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
  • Tax Legal:Zoning: MD-RD
  • Tax Legal:Directions: High St & Mill St
  • AssociationCommunity:Number Of Buildings: 2.0
Parking
  • Attached Garage YN: No
  • Parking Features: Alley Access, Carport, Varies by Unit
  • Parking Total: 5.0
  • Parking Information:Parking Total: 5.0
  • Parking Features:Alley Access: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Varies by Unit: Yes
School Information
  • Elementary School: Booth
  • High School: Wooster
  • Middle Or Junior School: Vaughn
Virtual Tour
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: 2548.0
  • Lot:Lot Size Acres: 0.16
  • Lot:Lot Size Square Feet: 6969.6
  • Lot Features:Landscaped: Yes
Property and Assessments
  • Parcel Number: 01211211
  • Possession: Subject To Tenant Rights
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Property Type: Residential Income
  • Year Built: 1932
  • Number Of Buildings: 2
  • Possession:Subject To Tenant Rights: Yes
  • Road Frontage Type:Public: Yes
  • Road Responsibility:Public Maintained Road: Yes
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Utilities:Cooling YN: Yes
  • Utilities:Heating YN: Yes
  • Utilities:Electricity Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: 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:Separate Gas Meters YN: Yes
  • Meter Information:Separate Water Meters YN: Yes
  • 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: No
Interior and Exterior Features
Exterior Features
  • Stories: 2
  • Construction Materials: Brick
  • Fencing: Full
  • Foundation Details: Slab
  • Roof: Composition, Pitched, Shingle
  • Security Features: Keyless Entry, Smoke Detector(s)
  • Window Features: Blinds, Varies
  • Building:Number Of Units Total: 3.0
  • Building:Stories: 2.0
  • Construction Materials:Brick: Yes
  • Fencing:Full: Yes
  • Foundation Details:Slab: Yes
  • Roof:Composition: Yes
  • Roof:Pitched: Yes
  • Roof:Shingle: Yes
  • Security Features:Keyless Entry: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sprinklers:None: Yes
  • Window Features:Blinds: Yes
  • Window Features:Varies: Yes
Interior Features
  • Cooling: Central Air, Refrigerated, Varies By Unit
  • Cooling YN: Yes
  • Flooring: Laminate, Varies, Wood
  • Heating: Forced Air, Natural Gas, Varies By Unit
  • Heating YN: Yes
  • Laundry Features: In Unit, Washer Hookup
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Appliances: Oven, Gas Range, Refrigerator
  • Interior:Building Area Total: 2548.0
  • Interior:Building Area Source: Assessor
  • Cooling:Central Air: Yes
  • Cooling:Refrigerated: Yes
  • Cooling:Varies By Unit: Yes
  • Flooring:Laminate: Yes
  • Flooring:Varies: Yes
  • Flooring:Wood: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Varies By Unit: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Refrigerator: Yes
  • Laundry Features:In Unit: Yes
  • Laundry Features:Washer Hookup: Yes
Multi Family
Income & Expenses
  • Total Annual Operating Expenses: $13,510
  • Gross Scheduled Income: $75,000
  • Net Operating Income: $61,490
  • 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: $75,000
  • Income and Expenses:Net Operating Income: $61,490
  • Income and Expenses:Total Annual Expenses: $13,510
  • Income and Expenses:Vacancy Allowance: $0
Multi Family Information
  • Number Of Units Total: 3

Property History for 531 Mill Street

DateEvent & SourcePriceAppreciation
Dec 16, 2024

Sold

NNRMLS #240013036

$905,000
Dec 2, 2024

Sold (Public Record)

Public Record #1547526286

$905,000

+5.6% / yr

Nov 4, 2024

Pending

NNRMLS #240013036

DateEvent & SourcePrice
12/16/2024

Sold

NNRMLS #240013036

$905,000
12/02/2024

Sold (Public Record)

Public Record #1547526286

$905,000

+5.6% / yr

11/04/2024

Pending

NNRMLS #240013036

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

Public Records for 531 Mill Street

Taxable ValueLand$59,500Additions$40,615Total$100,115
Tax Record2025$1,999 ($167 / month)
Home Facts
Baths3Total Finished SqFt1,848 SqFtAbove Grade Finished SqFt1,848 SqFtUnfinished Basement SqFt1,848 SqFtStories1Lot Size7,000 SqFtStyleDuplexYear Built1936ZoningMD-RDCountyWASHOEAPN012-112-11

Schools near 531 Mill 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
Charter - 5 to 8
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

Coral Academy Middle School
Charter5 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 Marmot Properties, LLC, Laura Kirsch, License #S.176875

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.