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Nicolle Gust

Chase International

ngust@chaseinternational.com +1(775) 338-9988

$ 1,150,000

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943 S Wells Reno, NV 89502

2,009 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,009 sqft

Price per Sqft $572

Subdivision Meadow View Addition

MLS Listing ID 260000599

Year Built 1945

Annual Tax Amount $1,137

Lot Size 7,013 Sqft

Acres 0.16

Lot Dimensions 0.16

Property Sub-Type Duplex

Property Description

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.

Location

State NV

County Washoe

Community Meadow View Addition

Area Meadow View Addition

Zoning GC

Interior

Flooring Vinyl

Fireplace No

Laundry In Unit

Exterior

Exterior Feature None

Parking Features Varies by Unit

Pool None

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Porch Patio

Garage No

Building

Lot Description Open Lot

Story 2

Foundation Concrete Perimeter

Water Public

Structure Type Brick Veneer

Schools

Elementary Schools Veterans

Middle Schools Vaughn

High Schools Wooster

Others

Tax ID 013-163-09

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listed by Marmot Properties, LLC

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Phone

+1(775) 338-9988

ngust@chaseinternational.com

Address

985 Damonte Ranch Parkway # 110, Reno, NV, 89521, United States

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