Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    237 & 245 F Street Hawthorne, NV 89415

    View on Map
    Claim this Listing
    For Sale
    $445,000

    MULTI_FAMILY - Hawthorne, NV

    Property size:
    3,216 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $138/SF
    Added:
    May 19, 2021
    Days on Market:
    1814
    Last Refresh:
    May 6 at 5:06 pm

    Property Features for 237 & 245 F Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bathrooms
    5
    Rooms
    Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3
    Parking
    8
    Parking features
    Garage, Assigned, Alley
    Window features
    Vinyl Frames, Blinds, Double Pane Windows
    Appliances
    Oven, Gas Range, Refrigerator
    Standard status
    Active
    APN
    00129515
    Size
    3,216 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1799

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Wall Furnace, Wood, Coal, Electric (Heating)
    Cooling system
    Electric, Evaporative Cooling
    Water source
    Public

    Building Details

    Year built
    1966
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Laminate, Carpet, Vinyl
    Building materials
    Frame, Wood Siding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Eric Gothan
    Eric Gothan

    Listing agent Eric Gothan License #BS.2214

    Listing office Sierra Nevada Properties-Fallo 945 W WIlliams, Reno, NV

    Listing date May 19, 2021

    MLS# 210006870 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.

    HighLights

    • Four‑unit property offering income potential
    • Stand‑alone 2‑bedroom house with 1.5 bathrooms and 1‑car garage
    • Owner financing available with 20% down and 5.50% interest
    • Well‑maintained property with off‑street parking
    • 320 sq. ft. storage or shop space
    • Fully fenced property

    Overview

    Hawthorne Multifamily Investment Opportunity

    This investment property in Hawthorne, Nevada, features a multifamily structure with three apartments and a separate single-family home, configured as a fourplex. The three apartments are each designed with one bedroom and one bathroom. The stand-alone home includes two bedrooms, one and a half bathrooms, and a partially finished basement, complemented by a one-car garage and a 320 square foot storage or shop area. The property is well-maintained and fully fenced, offering off-street parking. The lot size is 0.21 acres, and the property size is 3216 square feet. The zoning is R2. Intended use is as an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Hawthorne
    County
    Mineral
    State
    Nevada
    Longitude
    -118.657
    Latitude
    38.6331

    Nearby Similar for Sale

    • $90,000
      2,957 SF

      Hawthorne Commercial Property For Sale

      Commercial property with highway frontage, formerly a bar and restaurant.
      1302 E 5th Street, Hawthorne, NV 89415
      View Details
    • $429,000
      3,240 SF

      Hawthorne Commercial Building For Sale

      3,240 sq ft commercial building with main street frontage.
      701 E Street, Hawthorne, NV 89415
      View Details
    • $149,000
      966 SF

      Hawthorne Office Space For Sale

      Office space with street frontage, parking, and basement storage.
      960 E Street, Hawthorne, NV 89415
      View Details
    • $1,250,000

      Hawthorne Retail Opportunity

      Retail space available for purchase in Hawthorne, Nevada.
      522 5th St, Hawthorne, NV 89415
      View Details
    • $1,250,000
      2,100 SF

      Multi-Parcel Portfolio with Restaurant/Bar

      Multi-building portfolio with restaurant/bar, casino space, vacant building.
      522 5th St, Hawthorne, NV 89415
      View Details
    • $625,000
      5,949 SF

      Hawthorne Tavern and Restaurant For Sale

      Ideally located pub with full service bar and restaurant.
      545 E Street, Hawthorne, NV 89415
      View Details
    • $349,000

      Hawthorne Multifamily Investment Opportunity

      Multifamily property with 16 units on 0.62 acres.
      380 B St, Hawthorne, NV, 89415-7859
      View Details
    • $181,000
      1,485 SF

      Hawthorne Multifamily Investment Opportunity

      Two-bedroom apartments with laundry and updated flooring, great investment.
      422 C Street, Hawthorne, NV 89415
      View Details
    • $189,000
      5,658 SF

      Hawthorne Retail Investment Opportunity

      Commercial retail property with existing tenant in Hawthorne, Nevada.
      585 E St, Hawthorne, NV 89415
      View Details
    • $688,000
      9,576 SF

      Mixed-Use Investment Anchored by State

      Fully leased mixed-use property with long-term leases from the State.
      1000 C St, Hawthorne, NV 89415
      View Details
    • $650,000

      Turnkey Bar and Restaurant Opportunity

      Multi-parcel property with bar, restaurant, and gaming potential.
      545 E St, Hawthorne, NV 89415
      View Details
    • $388,800
      3,240 SF

      Commercial Building with Main Street Frontage

      3,240 sq ft commercial building with parking and ADA access.
      701 E St, Hawthorne, NV 89415
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property with diverse living spaces and potential owner financing.
    Where is this quadplex located?
    The property is located at 237 & 245 F Street Hawthorne, NV.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Four‑unit property offering income potential; Stand‑alone 2‑bedroom house with 1.5 bathrooms and 1‑car garage; Owner financing available with 20% down and 5.50% interest
    (775) 240-1533
    We can help!
    Listing Contact
    Eric Gothan
    Eric Gothan
    Real Estate License ID: BS.2214
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    237 & 245 F Street, Hawthorne, NV 89415
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!