Updated Triplex Near
462 Laurel Street, Reno, NV 89512
For Sale
$1,050,000
Residential Income, Reno, NV
Property Size3,340 SF
Lot Size0.16 Acres
Price / SF$314.37
Days on Market666
Property Features for 462 Laurel Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Dickson Realty - Caughlin
(775) 746-7000
Listed By:
Victoria Palladino · License #S.178436
(775) 250-5561
Added: Jan 10, 2025
Changed: Oct 2
Last Checked: Nov 6 at 9:06PM
MLS# 250000365
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.
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Investment Insights
Based on property information with market context.
This 3,340-square-foot triplex on a 0.16-acre lot includes one three-bedroom unit completed in 2015 and a two-unit duplex. The newer residence offers contemporary finishes and generous living areas, while the duplex units were updated in 2015 and feature maintained interiors. The property was originally built in 1918 and includes frame and stucco construction, laminate, concrete, and carpet flooring, natural-gas forced-air heat, and central air conditioning. Appliances include ranges, refrigerators, dishwashers, disposals, microwaves, washers, and dryers.
Located next to the University, the property provides convenient access to downtown and major city routes. Public water and public sewer serve the site. Parking is assigned and accessed from the alley, with cable available. Mu zoning supports the property's multifamily classification.
Located next to the University, the property provides convenient access to downtown and major city routes. Public water and public sewer serve the site. Parking is assigned and accessed from the alley, with cable available. Mu zoning supports the property's multifamily classification.
Key Highlights
- 3,340‑square‑foot triplex on a 0.16‑acre lot
- Three‑bedroom unit completed in 2015
- Two‑unit duplex updated in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,687
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,740
$993.7K
Cap Rate 7%
$709,814
$709.8K
Cap Rate 9%
$552,078
$552.1K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$74.1K $22.20/SF
− Vacancy
−$3.2K −$0.95/SF
EGI
$71.0K $21.25/SF
− OpEx
−$21.3K −$6.38/SF
NOI
$49.7K $14.88/SF
Area
Reno, NV
Vacancy
4.27%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,740
Cap Rate 7%
$709,814
Cap Rate 9%
$552,078
Alternative Uses
Best Use
Multifamily LT 5
$709.8K
$621.1K – $828.1K
NOI $49,687 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$616.5K
$539.5K – $719.3K
NOI $43,157 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.03M
$900.7K – $1.20M
NOI $72,054 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
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Business Placement
Demographics for 89512, NV
30,148
Population
12,374
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
4,863
Density / Sq Mi
$45,284
Median Household Income
$34,587
Median Earnings
$1,113
Median Rent
$318,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with public utilities, central air, and assigned alley parking near downtown access.
Where is this triplex located?
The property is located at 462 Laurel Street Reno, NV.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3,340‑square‑foot triplex on a 0.16‑acre lot; Three‑bedroom unit completed in 2015; Two‑unit duplex updated in 2015
