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    11 N Spring St Eureka, NV 89316

    Sponsored
    For Sale
    $549,000

    MULTI_FAMILY - Eureka, NV

    Property size:
    1,634 SF
    Lot size:
    0.25 Acres
    Days on Market:
    15
    Last Refresh:
    Mar 4 at 6:06 pm

    Property Features for 11 N Spring St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Vinyl Frames, Drapes, Wood Frames, Single Pane Window(s), Blinds, Double Pane Windows, Skylight(s)
    Zoning
    310
    Rooms
    Bathroom 1, Bathroom 2
    APN
    001-104-09
    Parking
    4
    Parking features
    RV, Assigned
    Interior features
    Cathedral Ceiling(s), Vaulted Ceiling(s)
    Appliances
    Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
    Size
    1,634 SF
    Lot size
    0.25 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Wall Furnace, Varies by Unit (Heating), Baseboard, Electric (Heating), Propane (Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Electric, Varies by Unit
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood, Concrete, Tile - Ceramic, Laminate, Varies
    Building materials
    Frame, Stone, Wood Siding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Veronica Tognoni

    Fathom Realty NV LLC (888) 455-6040

    Listing agent Veronica Tognoni (775) 232-8796 License #S.198975

    Listing date Feb 18, 2026

    MLS# 240010604 Listing URL

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Eureka Estate: Dual Homes

    Located in Eureka, Nevada, this property features two single-family homes on a single parcel. The first home is a single-story, 674-square-foot residence, while the second is a two-story, 970-square-foot home. Each includes one bedroom, one bathroom, a full kitchen, a living area, and laundry facilities. The property also includes an 840-square-foot workshop or vaulted storage facility in the second building, which was originally a church. Both homes are fully furnished and feature original woodwork. Remodeling was completed by an artist and woodworker, and updates since 2019 include a stamped concrete patio and a metal roof with a lifetime warranty on the church building, as well as new flooring, light fixtures, appliances, and countertops. The property is located two blocks from Main Street, across from the county park, and within walking distance of Eureka's amenities, including the Opera House, Courthouse, local restaurants, bars, hotels, gas stations, casino games, and a medical clinic. Nearby schools include Eureka Elementary School, Eureka Junior High School, and Eureka High School. Included in the listing is an adjacent vacant land parcel with a historic brick building that could be remodeled, preserved, or used for storage. The additional parcel could also serve as an extended yard, be rented out, or developed. The property has been used as active rentals and offers potential for remote management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Gym & Fitness Center Auto Repair Shop Hair Salon Grocery & Convenience Store Food Market Computer & Electronic Repair Pharmacy (Bike/Boat/Book/etc) Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Eureka
    State
    Nevada
    Longitude
    -115.959642
    Latitude
    39.512948

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    FAQs

    What type of property is this?
    Duplex - Two homes, workshop, and vacant land near Eureka's Main Street.
    Where is this duplex located?
    The property is located at 11 N Spring St Eureka, NV.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Two fully furnished, remodeled single-family homes on one parcel offering immediate income potential as successful rentals.; - Includes an adjacent vacant land parcel with a historic brick building, providing options for remodeling, preservation, or development.; - Prime location: **2 blocks from Main Street**, across from the county park, and walking distance to all town amenities.
    (775) 232-8796
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    11 N Spring St Eureka, NV 89316
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    Eureka, NV 89316
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 N Spring St Eureka, NV 89316
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    We can help!
    Listing Contact
    Veronica Tognoni
    Real Estate License ID: S.198975
    (775) 232-8796
    Learn more
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