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$525,000
6 Beds 4 Baths 260008894 MLS
Excellent opportunity to acquire income-producing 4-unit investment property with an estimated $27,000 annual NOI and a 5.14 CAP rate. The property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering a desirable mix of unit sizes. Originally constructed in 1949 as the 7-unit Sage Motel, the property was converted to apartments in 2005 and operated as multifamily housing through 2016. Between 2018 and 2019, the property underwent an extensive renovation, including a new roof, plumbing, electrical, doors, Low-E double-pane windows, flooring, paint, water heaters, appliances, and numerous additional improvements, creating attractive, low-maintenance units. Each apartment is separately metered for gas and electricity, helping reduce operating expenses. The property includes approximately 2,184 square feet in the main building plus a 130-square-foot detached laundry/storage building. Commercial zoning provides exceptional flexibility for investors and owner-users alike. Potential uses include long-term apartments, short-term rentals, motel/hospitality, Airbnb or vacation rentals (subject to local regulations), retail, office space, or a live/work business opportunity. Seller financing is available with negotiable owner-carry terms, making this an attractive option for qualified buyers seeking positive cash flow and flexible acquisition terms.

1335 Cornell Ave, Lovelock

$599,000
4 Beds 2 Baths 260007119 MLS
2-unit property at the edge of mid-town. There are actually 2 addresses on this parcel. 824 Locust is the 3 bed 1 bath unit and 828 Locust is the 1 bedroom unit 1 bath unit. Those include a brand new kitchen and updated bathroom. Kitchen has newer flooring, cabinets, and counters. Newer flooring in the laundry room as well. There is a courtyard between units. Both have evaporative coolers. There is a fenced side-yard with a shed. The other side has a gate to the alley and 2 porches. Furnace was replaced in 2018. New carpet in 2018. The 3 bed has a laundry room with full-size washer & dryer. Back bedroom has a security door to the stoop off the alley. Has evaporative cooler. 828: tenant has a 1 year lease for 1,350/month. New evaporative cooler in 2021. Hardwood floors refinished, new LVP in kitchen installed and interior painted in 2018. Stacked washer/dryer in kitchen area. Refrigerator also included. Ceiling fan in the bedroom. There are also some fun built-ins in the bedroom closet and living room. The tenant has lived here for several years and would love to stay. There is a small cellar for some storage. One gated parking space off the alley. 2 designated parking spots on the street. All doors have steel security doors. These units are in high demand when they turn over, so vacancy will be at a minimum. The Veterans Guest Home is next door, and the VA Hospital is very close as well. The VA Hospital has been known to buy nearby properties for staff housing, parking lots, etc. There may be some long-term added value there.

824 Locust St, Reno

$699,666
4 Beds 3 Baths 260006981 MLS
Single-family house AND duplex on a corner lot. The freestanding house (912 12th St.) is 2 bedrooms / 1.5 bathrooms / 1 car garage and has washer & dryer hookups and forced air heating. Similar houses in the area (without a duplex) have recently sold for over four hundred thousand dollars. The duplex (908 12th St. and 1168 H St.) consists of two 1 bedroom / 1 bathroom units and both have washer hookups and mini-split heating and cooling. All 3 "units" are individually metered for gas, electricity, AND water. Owner pays sewer and trash, tenants pay gas, electric, and water. The roof on the duplex will be replaced by the Seller in July. Duplex unit "908 12th St." has intentionally been left vacant and can be shown with approval. The single-family house (912 12th St.) and duplex unit 1168 H St. are both tenant occupied - please do not disturb. Financials are available upon request.

908 12th St, Sparks

$2,000,000
260004620 MLS
Prime Retail Investment in the Heart of Fernley! The Fernley Commerce Center offers a rare opportunity to acquire a well located retail plaza along high visibility W. Main Street in Fernley's growing downtown corridor. Built in 2005 and totaling 14,812 sq. ft. across 12 units, this center is home to five established tenants (occupying 11 units) spanning dining, services, and community oriented uses—creating a stable foundation for long term occupancy. Positioned on 0.34 acres with 119 shared parking spaces, the property features modern construction, ADA accessibility, central heating and cooling, fire sprinklers, and public utilities. Its strong street presence, easy access, and proximity to surrounding residential neighborhoods make it a consistent draw for both local traffic and destination customers. With its solid tenant mix, strategic location, and well maintained condition, the Fernley Commerce Center stands out as a compelling retail investment in one of Northern Nevada's most active growth markets.

460 W Main St, Fernley

$1,775,000
260002476 MLS
Rare Investment Opportunity-Great Location. Multi-parcel, mixed usage property situated on Main Street in the heart of Fernley, NV. This 4 parcel property spans 1.9 acres with 5 buildings. This sale includes Parcels 020-022-11, 020-022-10, 020-101-08 and 020-101-07. Buildings include a 3 bay service garage, service station office with covered fuel station, and 3 residential/office spaces. .57 acre fenced and lit storage yard and existing self-serve car wash are also included. Additional out-buildings including sheds and propane filling station can also be found on the property. Main parcels divided by an additional parcel leased from Union Pacific Railroad. The property frontage on Main Street offers great potential for signage and visibility. Less than 15 minutes from Reno Tahoe Industrial Center, 30 minutes from Reno and about 40 minutes to Fallon Naval Air Base. Multiple options for use and zoning makes this property ideal for expansion or redevelopment. 280 E Main St includes: 1,632 sqft 3-Bay Service Garage, 494 sqft Service Station/Office, 896 sqft Residential-To-Commercial Conversion Office, 1,809 sqft Mobile Home, Enclosed Cinderblock Open-Air Storage and a Propane Filling Station. 290 E Main St includes: 1,244 sqft Residence, 2 Storage Sheds, Fenced Yard. 300 E Main St includes: .26 acre land parcel leased from Union Pacific Railroad. 310 E Main St includes: Self-Service Car Wash (Not in Service). 320 E Main St includes: .57 acre fenced and lit storage yard. Please contact listing agents for a tour of the entire property. Business is not included in the sale. All information is deemed reliable and Buyer to verify all information.

280 E Main St, Fernley

$2,400,000
9 Beds 10 Baths 250057708 MLS
Welcome to the Topaz Lake Retreat — a rare 8,150 sq.ft. standalone destination property overlooking Topaz Lake with panoramic water and mountain views. Situated on 1.23 acres with over 450 feet of Highway 395 frontage, this highly visible, income-producing opportunity sits just north of the Nevada/California border, offering the perfect blend of tax advantages, tourism traffic, and long-term upside. This property has one of the only Short Term Rental Permits in the area and rents vary. Listing Agent has more information about the variety of rents charged. Occupants work in neighboring cities and keep the property mostly reserved. Originally built in 1969 and rebuilt/expanded in 1989 (per the Douglas County Assessor), the property has been thoughtfully improved (2024/2025) and is currently operating as a short-term rental. The property has NEW PLUMBING & ELECTRICAL, NEW WINDOWS, NEW TANKLESS WATER HEATERS, NEW CABINETS & FIXTURES AND ALL NEW APPLIANCES IN EVERY UNIT. With 11 spacious bedrooms, 6 bathrooms, 4 full kitchens plus a kitchenette, this retreat is ideal for use as a corporate lodge, wellness retreat, boutique hospitality concept, or high-end vacation rental compound. Each unit has been tastefully designed with NEW granite islands/breakfast bars, laminate flooring, washer/dryer (combo) in every unit, and is comes completely furnished. The property also offers 31 dedicated parking spaces, comprised of RV, boat, and standard vehicle parking, making it a rare find for lake visitors, large groups, or event-style hosting. Additionally, there is gated long-term RV storage, creating further passive income potential. Shared potable water, wastewater disposal, and fire protection systems with the adjacent Best Western provide streamlined utility support. With unmatched exposure along Nevada's most traveled highway and unobstructed views of Topaz Lake, this is a one-of-a-kind investment opportunity with multiple revenue pathways — hospitality, retreat rental, corporate leasing, event hosting, or continued STR operations. The property is fully fenced and secure with phenomenal lake views. Truly a one of a kind gem.

1929 Us-395, Gardnerville

$687,000
4 Beds 4 Baths 250055789 MLS
Modern and immaculate duplex built in 2020 with strong rental history and a high cap rate. Both units are mostly furnished and leased, offering stable, long-term income. Tenants have expressed intent to stay, creating a seamless transition for investors. Each unit features private balconies, solar panels, and private carport parking with garage door openers. Prime location near UNR and downtown amenities makes this property ideal for long-term rental or future Airbnb potential. Located just minutes from the university, downtown, shopping, dining, and parks — this is one of the most sought-after areas for both long-term tenants and short-term rental potential. Walkable, bike-friendly, and close to key commuter routes. Whether you're looking for a plug-and-play investment or long-term portfolio growth, this rare, turn-key duplex offers both flexibility and prime location appeal.

442 E 7th St Unit 1 & 2, Reno

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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