340 6th St Elko, NV 89801

Listing agency Robinhood Realty Elko LLC Show Phone

Listed by Tony Odeh Show Phone

Source Exprealty

Added: Jul 9 Updated: Jul 22 at 6:03PM Checked: Jul 22 at 6:03PM

Report an Issue

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 Robinhood Realty Elko LLC

---

Investment Insights

Based on property information with market context.

This property is a 33-unit motel that has been converted into studio units. It is positioned as a value-add opportunity with vacant units available for lease-up.

The property is offered for sale under a multifamily investment framing, and the public remarks cite a CAP rate of 9.5% with an NOI of $61,750 at current in-place rents.

The asset’s current configuration consists entirely of studio apartments converted from the original motel format, creating a straightforward unit mix for stabilization through occupancy improvements.

Key Highlights

• 33‑unit motel conversion in Wells, Nevada with studio apartment units
• Value‑add setup with currently vacant units available for lease‑up
• 9.5% cap rate with in‑place NOI of $61,750

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $2,900,000

  11,517 SF

  Historic Flex Building with Cranes

  Remodeled historic power building with office-ready space, a 3-phase electrical service, and overhead crane capability.

  240 7th Street, Elko, NV 89801

  View Details
• 

  $1,120,000

  7,128 SF

  Versatile Warehouse in Central Elko

  7,128 sq ft warehouse building in prime Elko location.

  651 River Street, Elko, NV 89801

  View Details
• 

  $1,320,000

  3,680 SF

  Historic Downtown Office Building

  Leased, renovated 1900 office building with multiple parcels and a 5-year lease provides turnkey income for buyers.

  421 Court Street, Elko, NV 89801

  View Details
• 

  $1,320,000

  8,561 SF

  Downtown Office Building with Yard

  Renovated office building on four parcels, including a landscaped yard and storage building, with a 5-year lease in place.

  421 Court Street, Elko, NV 89801

  View Details
• 

  $415,000

  5,679 SF

  Multi-Unit Flex/Industrial Building

  Fully occupied six-unit flex/industrial building with month-to-month tenants and a butcher shop updated in 2019.

  150 11th Street, Elko, NV 89801

  View Details
• 

  $2,900,000

  11,517 SF

  Remodeled Flex and Warehouse Building

  Fully remodeled historic building with office-ready features plus an attached warehouse with overhead cranes and shared utilities.

  240 7TH, Elko, NV 89801

  View Details
• 

  $2,742,857

  15,400 SF

  Collision Center with I-80 Frontage

  Established collision center with prime I-80 frontage at 2570 Alta Vista in Elko, NV.

  2570 Alta Vista, Elko, NV 89801

  View Details
• 

  $329,000

  5,698 SF

  Vacant Retail Building with Parking

  Vacant retail building with large glass windows and a parking lot located behind the property.

  400 Idaho St, Elko, NV

  View Details
• 

  $525,000

  3,528 SF

  Brick Corner Duplex Investment

  Two-unit duplex on a corner lot, with one tenant-occupied unit and one updated furnished short-term rental.

  931 1st Street, Elko, NV 89801

  View Details
• 

  Contact for pricing

  90,772 SF

  Build-to-Suit Industrial Facility

  Newly constructed industrial facility on 18.75 acres leased to Sandvik, with equipment servicing, parts storage, and office support.

  1520 W. Silver Street, Elko, NV 89801

  View Details
• 

  $4,089

  3,408 SF

  Elko Warehouse with Overhead Cranes

  3,408 SF warehouse with cranes, ideal for manufacturing.

  240 7th St, Elko, NV, 89801

  View Details
• 

  $599,900

  8,336 SF

  Historic Event Venue

  Remodeled historic building offering meeting, mezzanine, and basement space with city approval for food and beverage as a secondary use.

  453 Idaho St, Elko, NV

  View Details

FAQs

What type of property is this?

Apartment building - A 33-unit motel conversion offering studio apartments with available vacancies for lease-up.

Where is this apartment building located?

The property is located at 340 6th St Elko, NV.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 33‑unit motel conversion in Wells, Nevada with studio apartment units; Value‑add setup with currently vacant units available for lease‑up; 9.5% cap rate with in‑place NOI of $61,750