Duplex with Fenced
New
For Sale
$615,000
1313 Powell Lane, Reno, NV 89502
MULTI_FAMILY - Reno, NV
Property Size2,444 SF
Lot Size0.09 Acres
Price / SF$251.64
Days on Market2
Property Features for 1313 Powell Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF30
Bedrooms
4
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 6, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 5, Bedroom 3
Parking
4
Parking features
Open, Garage, Assigned
Window features
Double Pane Windows, Blinds
Patio and Porch features
Patio
Exterior features
Rain Gutters
Appliances
Oven, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Subdivision
Sun Acres 2
Lot features
Level
Elementary school
Smithridge
Middle school
Pine
High school
Damonte
Standard status
Active
APN
020-450-09
Size
2,444 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3051
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fenced backyard
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Frame, Vinyl Siding
Roof type
Shingle, Composition
Listing Agency:
NextHome Yourpickettfence Group
(775) 622-0614
Listed By:
Amanda Mueller · License #S.197809
(857) 244-5730
Added: Jul 31
Last Checked: Aug 1 at 3:06AM
MLS# 260009880
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.
This Reno duplex at 1313 Powell Lane offers a straightforward two-unit layout. Each side features two bedrooms and two full bathrooms, along with a one-car garage and a fenced backyard with a patio. The home was built in 2004 and constructed with frame and vinyl siding, with vinyl flooring throughout. Heating is provided by natural gas, and cooling is handled by window and/or wall/window units. Appliances include an oven, dishwasher, disposal, dryer, electric range, microwave, and refrigerator, plus a washer.
The property sits on a 0.09-acre lot and is listed as 2,444 square feet. Zoning is SF30, and utilities include public water and public sewer, with cable available. Exterior features include rain gutters, and parking is described as assigned, with garage and open options.
The duplex is presented as fully rented, with each unit’s same-bed/bath configuration supporting a consistent tenant footprint for day-to-day operations.
The property sits on a 0.09-acre lot and is listed as 2,444 square feet. Zoning is SF30, and utilities include public water and public sewer, with cable available. Exterior features include rain gutters, and parking is described as assigned, with garage and open options.
The duplex is presented as fully rented, with each unit’s same-bed/bath configuration supporting a consistent tenant footprint for day-to-day operations.
Key Highlights
- Two bedrooms and two full bathrooms on each side of the duplex
- One‑car garage plus fenced backyard and patio for each unit
- Built in 2004 with frame and vinyl siding
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 | $54.3k | $22.20 |
| − Vacancy | −$2.3k | −$0.95 |
| EGI | $51.9k | $21.25 |
| − OpEx | −$15.6k | −$6.38 |
| NOI | $36.4k | $14.88 |
2,444 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.4K
$454.5K – $606.0K
NOI $36,358 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$451.1K
$394.7K – $526.3K
NOI $31,579 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$753.2K
$659.1K – $878.8K
NOI $52,725 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex zoned SF30 built in 2004, with two bedrooms and two full baths per side and fenced backyards.
Where is this duplex located?
The property is located at 1313 Powell Lane Reno, NV.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms on each side of the duplex; One‑car garage plus fenced backyard and patio for each unit; Built in 2004 with frame and vinyl siding
