931 1st Street, Elko, NV 89801
MULTI_FAMILY - Ranch - Elko, NV
- Added:
- Jun 16, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 931 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Exterior features
- CornerLot
- Fireplace
- 1
- Appliances
- Refrigerator
- Standard status
- Active Under Contract
- APN
- 001-094-006
- Size
- 3,528 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1503
Utilities
- Heating system
- Radiant, Fireplace(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Carpet
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Dea Mitton License #BS.0146646 (775) 738-8535
Listing office Allie Bear Real Estate 3711 Sundance Dr, ELKO, NV (775) 738-8535
Listing date Jun 16, 2026
Copyright © 2026 Elko County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex on a corner lot with classic brick exterior in Elko’s Tree Streets at 931 1st Street
- Income‑producing property with 8.7% cap rate (as stated in the listing remarks)
- Upper unit: 5 bedrooms, 2.5 bathrooms, 2,037 SF, and currently tenant occupied
- Lower unit: 2 bedrooms, 1 bathroom, 1,491 SF, completely updated and operating as a furnished short‑term rental
- Ranch‑style home built in 1960 with asphalt roof and public water source
- Heating includes radiant heat and a fireplace
Overview
Located at 931 1st Street in Elko, Nevada 89801, the property is positioned on an established residential street with access suited to a duplex configuration. The listing is marketed as a rare income-producing opportunity.
For investors or owner-occupants, the layout supports multiple occupancy and income scenarios, including taking advantage of an existing tenant and an actively operating furnished short-term rental. The offering is also presented as an 8.7% cap rate opportunity. All showings require proof of funds or pre-qualification, as stated in the public remarks.
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 | $44.5k | $12.60 |
| − Vacancy | −$3.3k | −$0.95 |
| EGI | $41.1k | $11.66 |
| − OpEx | −$12.3k | −$3.50 |
| NOI | $28.8k | $8.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elko
- County
- Elko
- State
- Nevada
- Longitude
- -115.771274
- Latitude
- 40.8323028
