Charming Multifamily Property in
665 La Rue Avenue Reno, NV 89509
665 La Rue Avenue, Reno, NV, 89509
$1,050,000
Pending
For Sale
$1,050,000
Pending
MULTI_FAMILY - Reno, NV
Property Size2,485 SF
Lot Size0.17 Acres
Days on Market52
Property Features for 665 La Rue Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mf 14
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Open, Alley
- Window features
- Vinyl Frames, Double Pane Windows
- Interior features
- Ceiling Fan(s)
- Appliances
- Oven, Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Range, Microwave, Refrigerator, Washer
- Standard status
- Pending
- APN
- 011-311-10
- Size
- 2,485 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2031
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Oil, Forced Air
- Cooling system
- Varies by Unit
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Wood
- Building materials
- Brick, Concrete, Stucco
- Roof type
- Composition, Shingle
Listing Agency
Haute Properties NV
(775) 525-1448
5470 Kietzke Ln Ste 300, Reno, NV
Listed by
Kristine Calder · License #S.59942
(775) 846-4838
Added: May 28 Checked: Jul 18 at 8:06 am
MLS# 260006843
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.
Investment Insights
Based on property information with market context.
Located in Old Southwest Reno, this property presents an opportunity for investment. The property at 665 La Rue Ave. features a main residence of approximately 1060 square feet with 2 bedrooms and 1 bathroom. The home has updated finishes, natural light, and an inviting atmosphere. Recent improvements include a new roof, new windows, new flooring, updated bathrooms, and a remodeled kitchen with stainless steel appliances, cabinetry, stone-inspired countertops, and a gas range. In addition to the main home, the property includes a duplex with a one-bedroom unit and a studio unit with a shared laundry area. The property is set on a landscaped lot with mature trees and grassy areas. The zoning is Mf 14. The property offers flexibility for living arrangements, rental income, or investment opportunities. It is suitable as a primary residence with supplemental income potential or as an investment opportunity.
Key Highlights
- Main residence built in 1939 with approximately 1060 SF, featuring 2 bedrooms and 1 bathroom
- Additional duplex structure includes a 1‑bedroom unit and a studio unit with a shared laundry area
- Remodeled kitchen with stainless steel appliances, stone‑inspired countertops, and a gas range
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $22.20 |
| − Vacancy | −$2.4k | −$0.95 |
| EGI | $52.8k | $21.25 |
| − OpEx | −$15.8k | −$6.38 |
| NOI | $37.0k | $14.88 |
2,485 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.1K
$462.1K – $616.1K
NOI $36,968 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$765.8K
$670.1K – $893.5K
NOI $53,609 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Investment property in Old Southwest Reno with income potential.
Where is this multifamily property located?
The property is located at 665 La Rue Avenue Reno, NV.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Main residence built in 1939 with approximately 1060 SF, featuring 2 bedrooms and 1 bathroom; Additional duplex structure includes a 1‑bedroom unit and a studio unit with a shared laundry area; Remodeled kitchen with stainless steel appliances, stone‑inspired countertops, and a gas range
