943 S Wells Ave - Residential Income FOR SALE


Reno, NV 89502- Midtown Reno
$1,150,000 USD
775-450-7994
943 S Wells Ave, Reno, NV for Sale
$1,150,000 USD
Residential Income - FOR SALE
1/43
null | Request Cap Rate

943 S Wells Ave
Reno, NV 89502
Midtown Reno


HIGHLIGHTS

  • Prime Wells Avenue duplex in the heart of Reno, Nevada
  • cash-flowing income property

OVERVIEW

Prime Wells Avenue duplex in the heart of Reno, Nevada! This beautifully renovated 1945 brick duplex is a rare opportunity to own a cash-flowing income property in one of Reno's most visible and high-demand corridors. Located on Wells Avenue, this property offers a unique combination of immediate rental income and future development potential, making it ideal for investors, owner-investors, or those looking for a value-add commercial redevelopment site. The property has been thoughtfully renovated and converted into a true two-unit duplex, with one unit on the main level and a second unit in the fully finished basement - each with private living space and strong rental appeal. Upstairs unit: 2 bedrooms + 2 bathrooms, currently rented on a month-to-month lease at 2,550/month Downstairs unit: 2 bedrooms + 1 bathroom, newly vacant and currently being marketed for rent at 1,750/month Situated on a 0.161-acre lot with prime frontage on Wells Avenue, this property is zoned GC (General Commercial) in Washoe County, opening the door to a wide variety of commercial and mixed-use possibilities. Even better - plans have already been created for an 8-unit apartment building to be built on the rear portion of the lot, giving investors a head start on future expansion and redevelopment. Whether you're looking for a stabilized duplex, a Reno redevelopment opportunity, or a high-visibility commercial lot with existing income, this Wells Avenue property delivers a rare "best of both worlds" investment: rent now, build later. Endless potential in an unbeatable Reno location - schedule your private tour today.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$464 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

GC

APN/PARCEL ID

013-163-09

ASK ABOUT THIS PROPERTY

Dilyn RookerMarmot PropertiesMore Info
775-450-7994

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Dilyn RookerMarmot PropertiesMore Info
775-450-7994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.