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Listed price in listed location currency (USD).
$1,400,000

000

MLS® 260006290

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $2,279
Days Active 0
Lot Size 
Approx. Age 1945
MLS® Number 260006290

Property Address: 251 E Arroyo Street, Reno, NV, 89502

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number260006290
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1945
Basement
DrivewayOff Street, Paved, Alley Access
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 19, 2026List Date
$1,400,000List Price

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