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$465,000
4 Beds 2 Baths 260008433 MLS
Income-producing duplex in the heart of Gardnerville, offering investors a turnkey opportunity in one of Northern Nevada's steadiest rental markets. Two separate units under one roof—two income streams, reduced vacancy risk, and economies of scale on maintenance and insurance. Both units are 2 bedrooms, 1 bath, and a 1-car garage, with additional driveway parking in front of each garage. This mirrored layout simplifies maintenance, turnovers, and tenant expectations, and the dedicated garage plus off-street parking is a meaningful draw for renters in this market. Here's where the upside lives: Unit B has been fully updated [kitchen, flooring, paint, etc.] and is ready to command top-of-market rent. Unit A remains in original condition, giving an investor a clear value-add play—renovate to match. You're buying one stabilized, rent-ready unit and one with built-in equity and income upside. Nevada's lack of state income tax, landlord-friendly statutes, and proximity to Carson City, Reno, and the Tahoe job corridor make this an attractive long-term hold. Whether you're house-hacking the updated side, building a small-multifamily portfolio, or executing a 1031 exchange, 1524 North Court offers both immediate cash flow and a defined path to higher returns.

1524 N Ct A Unit A, B, Gardnerville

$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

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Data last updated on 06/28/2017.

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