Triplex Investment with Updated
462 Laurel Street Reno, NV 89512
For Sale
$1,050,000
MULTI_FAMILY - Reno, NV
Property Size3,340 SF
Lot Size0.16 Acres
Price / SF$314.37
Days on Market563
Property Features for 462 Laurel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- Mu
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 7, Bedroom 4
- Parking
- 3
- Parking features
- Alley, Assigned
- Window features
- Blinds, Vinyl Frames, Double Pane Windows
- Appliances
- Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 007-193-04
- Size
- 3,340 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3305
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1918
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Concrete, Laminate, Carpet
- Building materials
- Frame, Stucco
- Roof type
- Flat
Listing Agency:
Dickson Realty - Caughlin
(775) 746-7000
Listed By:
Victoria Palladino · License #S.178436
(775) 250-5561
Added: Jan 10, 2025
Changed: Jul 18
Last Checked: Jul 27 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale triplex includes three residential units configured as one stand-alone unit and a two-unit duplex building. Unit 1 was built in 2015, and Units 2 and 3 are located in the original duplex structure. According to the listing remarks, Units 2 and 3 were updated at the same time Unit 1 was constructed, and interiors have a consistent rental history. The listing also notes that the photos were taken in 2016 prior to the units being occupied. Total property size is 3,340 square feet on a 0.16-acre lot, and the property is zoned MU.
The triplex is described as being steps from the University, with easy access to downtown and major city routes in Reno, Nevada (89512).
The triplex is described as being steps from the University, with easy access to downtown and major city routes in Reno, Nevada (89512).
Key Highlights
- Triplex property with 3 units, next to the University and steps from campus
- Unit 1 built in 2015; features modern interior and 3 bedrooms
- Units 2 & 3 located in the original duplex building and updated when Unit 1 was constructed in 2015
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 | $74.1k | $22.20 |
| − Vacancy | −$3.2k | −$0.95 |
| EGI | $71.0k | $21.25 |
| − OpEx | −$21.3k | −$6.38 |
| NOI | $49.7k | $14.88 |
3,340 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - For sale triplex on a 0.16-acre lot featuring a 2015-built unit plus two updated units from an original duplex building.
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: Triplex property with 3 units, next to the University and steps from campus; Unit 1 built in 2015; features modern interior and 3 bedrooms; Units 2 & 3 located in the original duplex building and updated when Unit 1 was constructed in 2015
