About 519 Elko Avenue
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%, Located in the heart of Reno, walking distance to University of Nevada Reno, and minutes away from the main highway. A great location for just about anyone! Nearby stores, outlets, and schools. It does not get any better than this! Perfect for any student trying to stay close to campus and still be minutes away from the university.
Features of 519 Elko Avenue
| MLS® # | 250004448 |
|---|---|
| Price | $858,750 |
| Bathrooms | 0.00 |
| Acres | 0.17 |
| Year Built | 1915 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 519 Elko Avenue |
|---|---|
| Area | 89512 |
| City | Reno |
| County | Washoe |
| State | NV |
| Zip Code | 89512 |
Amenities
| Utilities | Cellular Coverage, Internet Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Parking Spaces | 7 |
| Has Pool | No |
Interior
| Heating | Natural Gas, Radiant Ceiling |
|---|---|
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Landscaped, Other |
|---|---|
| Windows | Double Pane Windows |
| Roof | Pitched |
| Construction | Frame, Vinyl Siding, Masonry Veneer |
| Foundation | Crawl Space |
Additional Information
| Date Listed | April 8th, 2025 |
|---|---|
| Zoning | MD-ID |
| Short Sale | No |
| RE / Bank Owned | No |
| Horse Property | N |
Listing Details
| Office | Reno Real Estate |
|---|