33-Unit Motel with Studio
For Sale
$650,000
340 6th Street, Wells, NV 89801
Converted lodging property with studio units and additional occupancy available through lease-up.
Property SizeContact for details
Days on Market48
Property Features for 340 6th Street
General Information
Standard status
Active
Net Operating Income
$61,750
Units
Unit Mix
33 x studio
Multifamily Units
33
Additional Details
Cap Rate
9.5%
Taxes and HOA fees
Annual Taxes
$6,270
Building Details
Year Built
1972
Listing Agency:
(775) 934-8082
Listed By:
Christa Bond
(775) 934-8082
Source:
Elkohomepro.idxbroker
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 10:44AM
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 Christa Bond
Investment Insights
Based on property information with market context.
Located at 340 6th Street in Wells, Nevada, this 33-unit motel was converted into studio units. The property was built in 1972 and includes currently vacant units that provide additional lease-up capacity.
The asset is offered as a motel property with an existing studio-unit configuration and in-place rental operations. The reported going-in cap rate is 9.5%, providing a specific operating metric for evaluating the property alongside its current occupancy and lease-up status.
The asset is offered as a motel property with an existing studio-unit configuration and in-place rental operations. The reported going-in cap rate is 9.5%, providing a specific operating metric for evaluating the property alongside its current occupancy and lease-up status.
Key Highlights
- 33‑unit motel converted to studio units
- Currently vacant units offer additional lease‑up capacity
- Reported 9.5% going‑in cap rate
Property Analytics
Property Profile
Current Use
Lease Details
33
Residential units
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89801, NV
26,250
Population
11,079
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
87%
High-School Grad
1,212.7 sq mi
ZIP Area
22
Density / Sq Mi
$83,777
Median Household Income
$48,886
Median Earnings
$1,185
Median Rent
$278,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Similar Off Market Nearby
- Motel 6 Wells, NV — 1561 6th St, Wells, NV 89835
- SureStay By Best Western Wells — 1509 6th St, Wells, NV 89835
- Super 8 by Wyndham Wells — Box 302, I-80 Exit 352, Wells, NV 89835
- Wells ChinaTown — 755 Humboldt Ave, Wells, NV 89835
- Lone Star Motel — 676 6th St, Wells, NV 89835
Frequently Asked Questions
What type of property is this?
Motel - Converted lodging property with studio units and additional occupancy available through lease-up.
Where is this motel located?
The property is located at 340 6th Street Wells, 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 converted to studio units; Currently vacant units offer additional lease‑up capacity; Reported 9.5% going‑in cap rate
