Corner-Lot Duplex with Two
189 Ash Elko, NV 89801
For Sale
$699,000
Duplex features an upper deck and updated lower unit completed in 2019, plus ample parking and outdoor patios.
Property Size4,400 SF
Price / SF$158.86
Days on Market193
Property Features for 189 Ash
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Multi-family
Building Details
Year Built
1953
Listing Agency:
Coldwell Banker Excel
Listed By:
Sierra Petersen
(775) 688-4000
Source:
Ferrari-lund
Added: Jan 17
Changed: Jul 25
Last Checked: Jul 29 at 12:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Excel
Investment Insights
Based on property information with market context.
This corner-lot duplex offers two outdoor patios and ample parking. The upper unit is designed for everyday comfort and entertaining, with a sun-drenched living room open to the dining area, kitchen, and deck. The kitchen includes generous counter space and an oversized island. The primary suite features a large walk-in closet, and the layout also includes three additional bedrooms, an updated bath, a laundry room, and a mudroom.
The lower unit was completed in 2019 and includes luxury vinyl flooring, kitchen appliances, and abundant natural light. A basement provides a large unfinished storage area with running water.
On a large corner lot at 189 Ash in Elko, this property combines well-defined unit layouts with outdoor and storage space for a functional residential income setup.
The lower unit was completed in 2019 and includes luxury vinyl flooring, kitchen appliances, and abundant natural light. A basement provides a large unfinished storage area with running water.
On a large corner lot at 189 Ash in Elko, this property combines well-defined unit layouts with outdoor and storage space for a functional residential income setup.
Key Highlights
- 1953‑built duplex with a lower unit completed in 2019
- Lower unit features luxury vinyl flooring, kitchen appliances, and abundant natural light
- Upper unit includes a living room open to dining and kitchen, plus a deck
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 | $55.4k | $12.60 |
| − Vacancy | −$4.2k | −$0.95 |
| EGI | $51.3k | $11.66 |
| − OpEx | −$15.4k | −$3.50 |
| NOI | $35.9k | $8.16 |
4,400 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.8K
$448.7K – $598.3K
NOI $35,897 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,871 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex features an upper deck and updated lower unit completed in 2019, plus ample parking and outdoor patios.
Where is this duplex located?
The property is located at 189 Ash Elko, NV.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1953‑built duplex with a lower unit completed in 2019; Lower unit features luxury vinyl flooring, kitchen appliances, and abundant natural light; Upper unit includes a living room open to dining and kitchen, plus a deck
