251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
251 E Arroyo ST, Reno, NV 89502
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$950,000

$1,175,000

19.1%
Est.Price: ?

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Est. payment /mo

3,677 SqFt


SOLD DATE : 11/02/2026

Key Details

Sold Price $950,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,677 sqft

Price per Sqft $258

Subdivision Victoria Park Tract

MLS Listing ID 260006290

Sold Date 11/02/26

Year Built 1945

Annual Tax Amount $2,278

Lot Size 7,013 Sqft

Acres 0.16

Lot Dimensions 0.16

Property Sub-Type Multi Family

Property 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.

Location

State NV

County Washoe

Community Victoria Park Tract

Area Victoria Park Tract

Zoning GC

Interior

Heating Baseboard, Electric, Natural Gas

Cooling Electric

Flooring Wood

Fireplace No

Laundry Common Area

Exterior

Parking Features Alley Access, Off Street, Paved

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Composition,Pitched,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Slab

Water Public

Structure Type Brick Veneer

Others

Tax ID 014-073-15

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Listed by Marmot Properties, LLC

Nearby Locations

Larry Peyton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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