251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
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$1,195,000
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3,677 SqFt
Price Dropped by $100K

251 E Arroyo ST Reno, NV 89502

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Kyle Krch

Kyle Krch

+1(775) 276-5858

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,677 sqft

Price per Sqft $324

Subdivision Victoria Park Tract

MLS Listing ID 260006290

Year Built 1945

Annual Tax Amount $2,278

Lot Size 7,013 Sqft

Acres 0.16

Lot Dimensions 0.16

Property Sub-Type Multi Family

Property Description

Exceptional investment opportunity in the heart of Midtown Reno. This well-maintained 6-unit multi-family property offers the perfect blend of character, location, and long-term upside just moments from Wells Avenue, local restaurants, coffee shops, boutiques, and some of Reno's most vibrant neighborhood amenities. The property consists of a charming brick building featuring four 1-bedroom units, plus a separate 2-story duplex off the alley with two spacious 2-bedroom units and off-street parking. Ownership has continued to thoughtfully maintain and improve the property over time, with upgrades including newer roofs on both buildings, vinyl windows, furnace, hot water heater, and additional system improvements. Additional features include a shared laundry area, bike storage, and an unfinished basement offering additional storage space not included in the square footage. With one 2-bedroom unit and one 1-bedroom unit currently vacant, investors have immediate flexibility for market-rate leasing, owner-occupancy potential, or future value-add opportunities. Located in one of Reno's most walkable and rapidly evolving neighborhoods, this is a rare chance to own a multi-unit asset in highly desirable Midtown Reno with strong rental appeal and future growth potential.

Location

State NV

County Washoe

Community Victoria Park Tract

Area Victoria Park Tract

Zoning GC

Interior

Heating Baseboard, Electric, Natural Gas

Cooling Electric

Flooring Wood

Fireplace No

Laundry Common Area

Exterior

Parking Features Alley Access, Off Street, Paved

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Composition,Pitched,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Slab

Water Public

Structure Type Brick Veneer

Others

Tax ID 014-073-15

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Marmot Properties, LLC

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Kyle Krch

Kyle Krch

Broker Associate License ID: 56206

+1(775) 276-5858

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251 E Arroyo ST