$1,400,000

251 E Arroyo Street, Reno, NV 89502

3,677 sqft

Multi-Family Home
Built in 1945
6,970sqft lot
—— car garage
$381/sqft
Listed 1 day ago

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.

Listing Status:: Active
Date Added:: May 19, 2026
Data Last Updated:: May 20, 2026 at 3:40AM
Listing Office:: Marmot Properties, LLC : 775-301-5289
Listing Agent:: Laura Kirsch : 775-391-9076
MLS ID:: 260006290

Laundry: Common Area
Flooring: CarpetLuxury VinylWood
A/C: Electric
Heating: BaseboardElectricNatural Gas

General: None
Other Structures: None
Parking: Off StreetPavedAlley Access

Roofing: PitchedCompositionShingle
Windows: Double Pane Windows
General: Brick Veneer2Slab

Road/Access: Public
HOA Amenities: None
County: Washoe

Zoning: GC014-073-15
Fencing: None

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water: Public
Sewer: Public Sewer

This listing courtesy of Laura Kirsch , Marmot Properties, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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