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251 E Arroyo Street, Reno, NV 89502 Photo
251 E Arroyo Street, Reno, NV 89502 Photo
251 E Arroyo Street
Reno, NV 89502
$1,400,000
| 3677 sqft | 0.16 Acreage

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.

Listed By / Presented By

Listed By

Agency Name: Marmot Properties, LLC
Agent Name: Laura Kirsch
Agency Phone: 775-301-5289
Agent Phone: 775-391-9076

Presented By

Agency Title: Chase International Real Estate
Agency Phone: 775.588.6130

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Contact a Chase Agent for More Information

Property Details

Property Type: Commercial - Investment
Cooling: Electric
Heating: Baseboard, Electric, Natural Gas
Lot Size: 0.16 Acres
Roof Type: Pitched, Composition, Shingle
Stories: 2.0
Taxes: $2,278
Year Built: 1945
MLS ID: 260006290

Feature Descriptions

Business Name: None
Business Type: Other
Construction Type: Masonry, Site/Stick-Built
Cooling Y/N: Yes
Exterior: Brick Veneer
Flooring: Carpet, Luxury Vinyl, Wood
Foundation: Slab
Heating Y/N: Yes
Laundry Features: Common Area
Lot Features: Level
OtherStructures: None
Parcel #: 014-073-15
Parking: Off Street, Paved, Alley Access
Restrooms: 6
Road Frontage: Public
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: None
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Water Rights Y/N: No
Window Features: Double Pane Windows

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