650 Elko Avenue

Closed 12/29/25

Last Sold Price

$745,000

4 beds3 baths2,165 sqft$344/sqft

650 Elko Ave, Reno, NV 89512

Description

Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well...Amazing opportunity to own a 4 unit investment property that has consistently generated excellent income. In place cap rate of 5.7 percent. The property consists of a triplex featuring a 2 bed, 1 bath unit, a 1 bed, 1 bath unit and a studio unit. In the back there is a separate 528 sqft 1 bed, 1 bath cottage. All units are in great condition, the property has always been well cared for, and it shows! Tenants can enjoy a large, fenced yard with a picnic table and 6 off street parking spaces as well as on site laundry., Coin operated laundry generates additional income. This 4 Plex is near the University and MidTown, attracting a wide range of tenants!

LISTING CLOSED: 12/29/2025 12:00 AM

Listed by Angela Beard • RE/MAX Gold
P: (775) 722-5868 angela@renohousehunter.com

Property Details for 650 Elko Avenue

Status

Closed

MLS #

250005215

Days on Compass

251

Taxes

$2,002 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Residential Income / Quadruplex

Year Built

1992

Lot Size

0.17 AC / 7,405 SF

County

Washoe County

Zoning

Md-Id

Furnished

Unfurnished

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Location

Listing Courtesy of RE/MAX Gold, Angela Beard, License #S.48237

Sold By Dickson Realty - Caughlin, Sarah Powell, License #S.190549

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Building Information for 650 Elko Avenue

Stories2Residences4Year Built1992Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

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$3,954 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,787

Property Taxes

$167

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 650 Elko Avenue

Summary

Location and General Information

Directions: E 7th and Elko Ave
Address:Parcel Number: 008-183-18

Address:Within City Limits YN: Yes

Taxes and HOA

Association Fee: $0
Tax Annual Amount: $2,002

Tax Legal:Neighborhood: Downtown Reno
Tax Legal:Elementary School: Booth
Tax Legal:Middle Or Junior School: Vaughn
Tax Legal:High School: Wooster
Tax Legal:Tax Annual Amount: $2,002
Tax Legal:Special Assessments and Bonds Other Than CIC: 0.0
Tax Legal:Zoning: Md-Id
Tax Legal:Zoning Source: Assessor
Tax Legal:Directions: E 7th and Elko Ave
AssociationCommunity:Number Of Buildings: 2.0
AssociationCommunity:Senior Community YN: No

Parking

Parking Total: 6.0
Parking Information:Parking Total: 6.0

School Information

Elementary School: Booth
High School: Wooster

Middle Or Junior School: Vaughn

Property

Lot Information

Lot Features: Landscaped
Lot Size Acres: 0.17

Lot Size Area: 0.17
Lot Size Square Feet: 7405.2
Lot Size Units: Acres
Water Source: Public
Building Area Total: 2165.0
Lot:Lot Size Acres: 0.17
Lot:Lot Size Square Feet: 7405.2
Lot Features:Landscaped: Yes

Property and Assessments

Parcel Number: 008-183-18
Possession: Close Of Escrow

Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Property Type: Residential Income
Year Built: 1992
Property Sub Type: Quadruplex
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: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available

Utilities:Cooling YN: Yes
Utilities:Heating YN: Yes
Utilities:Electricity Available: Yes
Utilities:Internet Available: Yes
Utilities:Natural Gas Available: Yes
Utilities:Sewer Available: Yes
Utilities:Water Available: Yes
Sewer:Public Sewer: Yes
Water Heater:Central: 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: 2
Meter Information:Separate Gas Meters YN: No
Meter Information:Separate Water Meters YN: No
Meter Information:Separate Water Heaters YN: Yes
Meter Information:One Primary Electric Meter YN: No
Meter Information:One Primary Gas Meter YN: Yes
Meter Information:One Primary Water Meter YN: Yes

Interior and Exterior Features

Exterior Features

Stories: 2
Construction Materials: Frame, Wood Siding

Fencing: Partial
Foundation Details: Crawl Space
Other Equipment: Varies By Unit
Roof: Composition, Shingle
Security Features: Smoke Detector(s)
Senior Community YN: No
Window Features: Blinds, Double Pane Windows, Low-Emissivity Windows, Vinyl Frames
Building:Number Of Units Total: 4.0
Building:Stories: 2.0
Building:ADA Compliant YN: No
Construction Materials:Frame: Yes
Construction Materials:Wood Siding: Yes
Fencing:Partial: Yes
Foundation Details:Crawl Space: Yes
Roof:Composition: Yes
Roof:Shingle: Yes
Security Features:Smoke Detector(s): Yes
Sprinklers:None: Yes
Window Features:Blinds: Yes
Window Features:Double Pane Windows: Yes
Window Features:Low-Emissivity Windows: Yes
Window Features:Vinyl Frames: Yes

Interior Features

Cooling: Wall/Window Unit(s)
Cooling YN: Yes

Fireplace YN: No
Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
Heating: Forced Air, Natural Gas
Heating YN: Yes
Laundry Features: Common Area
Number Of Separate Electric Meters: 2
Number Of Units Vacant: 0
Number Of Units Leased: 4
Bathrooms Total Integer: 0
Bathrooms Total Decimal: 0.0
Bathrooms Total Notational: 0.0
Appliances: Oven, Disposal, Dryer, Gas Range, Refrigerator, Washer
Interior:Building Area Total: 2165.0
Interior:Building Area Source: Owner
Interior:Fireplace YN: No
Cooling:Wall/Window Unit(s): Yes
Flooring:Carpet: Yes
Flooring:Ceramic Tile: Yes
Flooring:Laminate: Yes
Flooring:Vinyl: Yes
Heating:Forced Air: Yes
Heating:Natural Gas: Yes
Appliances:Disposal: Yes
Appliances:Dryer: Yes
Appliances:Gas Range: Yes
Appliances:Oven: Yes
Appliances:Refrigerator: Yes
Appliances:Washer: Yes
Laundry Features:Common Area: Yes

Multi Family

Income & Expenses

Total Annual Operating Expenses: $11,146
Gross Scheduled Income: $55,666

Net Operating Income: $45,562
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:Cap Rate: 5.70%
Income and Expenses:Gross Scheduled Income: $55,666
Income and Expenses:Net Operating Income: $45,562
Income and Expenses:Total Annual Expenses: $11,146
Income and Expenses:Vacancy Allowance: $1,525

Multi Family Information

Number Of Units Total: 4
Unit Details:Number Of Units Leased: 4

Unit Details:Number Of Units Vacant: 0

Rental

Rent Information

Tenant Pays: See Remarks, None
Tenant Pays:None: Yes

Tenant Pays:See Remarks: Yes

Property History for 650 Elko Avenue

Date	Event & Source	Price	Appreciation
Dec 29, 2025	Sold NNRMLS #250005215	$745,000	—
Nov 28, 2025	Pending NNRMLS #250005215		—
Nov 28, 2025	In Contract NNRMLS #250005215		—
Nov 3, 2025	Listed (Active) NNRMLS #250005215	$830,000	—
Oct 31, 2025	Expired NNRMLS #250005215	$799,000	—
Apr 22, 2025	Listed (Active) NNRMLS #250005215	$830,000	—
Sep 13, 2024	Withdrawn NNRMLS #240011814		—
Sep 13, 2024	Listed (Active) NNRMLS #240011814	$899,000	—
Sep 27, 2023	Withdrawn NNRMLS #230011330		—
Sep 27, 2023	Listed (Active) NNRMLS #230011330	$799,000	—
Jan 28, 2013	Sold NNRMLS #120005984	$245,000	—
Jan 25, 2013	Sold (Public Record) Public Record #346435910	$245,000	+305.9% / yr
Dec 7, 2012	Pending NNRMLS #120005984		—
May 17, 2012	Listed (Active) NNRMLS #120005984	$249,000	—
Feb 14, 2012	Sold NNRMLS #110008639	$63,100	—
Feb 8, 2012	Sold (Public Record) Public Record #323959185	$63,500	-15.1% / yr
Jan 3, 2012	Pending NNRMLS #110008639		—
Jun 21, 2011	Listed (Active) NNRMLS #110008639	$94,050	—
Apr 19, 2010	Expired NNRMLS #90015685	$245,000	—
Oct 19, 2009	Listed (Active) NNRMLS #90015685	$289,000	—
Jun 11, 2009	Withdrawn NNRMLS #90008620		—
Jun 11, 2009	Listed (Active) NNRMLS #90008620	$289,000	—
Sep 21, 2006	Expired NNRMLS #60015555	$398,900	—
Jun 21, 2006	Listed (Active) NNRMLS #60015555	$398,900	—
Sep 22, 2005	Sold (Public Record) Public Record #166281684	$180,000	-4.4% / yr
May 30, 2003	Sold (Public Record) Public Record #113830496	$200,000	—

Date	Event & Source	Price
12/29/2025	Sold NNRMLS #250005215	$745,000
11/28/2025	Pending NNRMLS #250005215	—
11/28/2025	In Contract NNRMLS #250005215	—
11/03/2025	Listed (Active) NNRMLS #250005215	$830,000
10/31/2025	Expired NNRMLS #250005215	$799,000
04/22/2025	Listed (Active) NNRMLS #250005215	$830,000
09/13/2024	Withdrawn NNRMLS #240011814	—
09/13/2024	Listed (Active) NNRMLS #240011814	$899,000
09/27/2023	Withdrawn NNRMLS #230011330	—
09/27/2023	Listed (Active) NNRMLS #230011330	$799,000
01/28/2013	Sold NNRMLS #120005984	$245,000
01/25/2013	Sold (Public Record) Public Record #346435910	$245,000 +305.9% / yr
12/07/2012	Pending NNRMLS #120005984	—
05/17/2012	Listed (Active) NNRMLS #120005984	$249,000
02/14/2012	Sold NNRMLS #110008639	$63,100
02/08/2012	Sold (Public Record) Public Record #323959185	$63,500 -15.1% / yr
01/03/2012	Pending NNRMLS #110008639	—
06/21/2011	Listed (Active) NNRMLS #110008639	$94,050
04/19/2010	Expired NNRMLS #90015685	$245,000
10/19/2009	Listed (Active) NNRMLS #90015685	$289,000
06/11/2009	Withdrawn NNRMLS #90008620	—
06/11/2009	Listed (Active) NNRMLS #90008620	$289,000
09/21/2006	Expired NNRMLS #60015555	$398,900
06/21/2006	Listed (Active) NNRMLS #60015555	$398,900
09/22/2005	Sold (Public Record) Public Record #166281684	$180,000 -4.4% / yr
05/30/2003	Sold (Public Record) Public Record #113830496	$200,000

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

Public Records for 650 Elko Avenue

Taxable ValueLand$49,000Additions$33,546Total$82,546

Tax Record2025$2,152 ($179 / month)

Home Facts

Baths4Total Finished SqFt1,637 SqFtAbove Grade Finished SqFt1,637 SqFtStories2Lot Size7,500 SqFtStyleTriplexYear Built1910ZoningMD-IDCountyWASHOEAPN008-183-18

Schools near 650 Elko Avenue

This home is within Washoe County School District.


Rating	School	Type	Grades	Distance
1/10	Libby C Booth Elementary School	Public - Serves this home	PK to 5	1.2 mi
4/10	E Otis Vaughn Middle School	Public - Serves this home	6 to 8	1.6 mi
4/10	Earl Wooster High School	Public - Serves this home	9 to 12	2.3 mi
NR	Marvin Picollo School	Public - Choice school	PK to 12	7.3 mi
7/10	Coral Academy Elementary-South	Charter - Choice school	K to 5	4.7 mi
1/10	Washoe Inspire Academy	Public - Choice school	6 to 12	3.4 mi
NR	Reno Christian Academy	Private - Nearby school	K to 8	0.4 mi


Rating	School	Distance
1/10	Libby C Booth Elementary School PublicPK to 5 Serves this home	1.2 mi
4/10	E Otis Vaughn Middle School Public6 to 8 Serves this home	1.6 mi
4/10	Earl Wooster High School Public9 to 12 Serves this home	2.3 mi
NR	Marvin Picollo School PublicPK to 12 Choice school	7.3 mi
7/10	Coral Academy Elementary-South CharterK to 5 Choice school	4.7 mi
1/10	Washoe Inspire Academy Public6 to 12 Choice school	3.4 mi
NR	Reno Christian Academy PrivateK to 8 Nearby school	0.4 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 650 Elko Avenue, Reno, NV 89512	$745,000	4	3	2,165	7,405
638 Elko Avenue, Reno, NV 89512	$259,000	2	1	2,150	7,405
606-620 East 7th Street, Unit 6, Reno, NV 89512	$550,000	10	6	3,477	15,246
606 East 7th Street, Reno, NV 89512	$704,000	5	3	2,117	9,583
630 Elko Avenue, Reno, NV 89512	$330,000	2	2	1,269	7,405
651 Elko Avenue, Reno, NV 89512	$640,000	2	2	3,396	7,840
620 East 7th Street, Reno, NV 89512	$159,900	7	4	2,800	5,662
622 Elko Avenue, Reno, NV 89512	$250,000	2	1	797	3,065
619 Eureka Avenue, Reno, NV 89512	$78,000	2	1	768	3,920
635 Elko Avenue, Reno, NV 89512	$90,000	2	1	920	5,227
643 Elko Avenue, Reno, NV 89512	$80,000	2	1	960	7,492
615 1/2 Eureka Avenue, Reno, NV 89512	$25,000	2	1	798	3,746
627 Elko Avenue, Unit A, Reno, NV 89512	–	–	–	4,837	3,000
627 Elko Avenue, Reno, NV 89512	$95,000	3	3	1,415	4,791
614 Elko Avenue, Unit 100, Reno, NV 89512	$260,000	–	2	1,485	3,065
614 Elko Avenue, Reno, NV 89512	$259,900	3	2	757	7,405

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Listing Courtesy of RE/MAX Gold, Angela Beard, License #S.48237

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.

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