Duplex with Separate
501 Sage St, Elko, NV 89801
For Sale
$515,000
ZRB zoning accommodates residential use alongside low-intensity business or professional activity.
Property Size3,682 SF
Lot Size0.16 Acres
Price / SF$139.87
Days on Market53
Property Features for 501 Sage St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Presidio Real Estate West
Listed By:
Jessica Larsen · License NV B.146108
(775) 777-4217
Source:
Exprealty
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 12 at 8:16AM
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 Presidio Real Estate West
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Investment Insights
Based on property information with market context.
This 1934 duplex includes a main residence and a separate lower-level apartment with its own entrance. The main living area has 10-foot ceilings, original hardwood flooring, an updated kitchen, and a bathroom with a double vanity. The apartment contains two bedrooms and 1.5 bathrooms.
The property occupies a 7,000-square-foot corner lot at 501 Sage St in Elko. ZRB (Residential Business District) zoning allows residential use as well as low-intensity business or professional use.
The property occupies a 7,000-square-foot corner lot at 501 Sage St in Elko. ZRB (Residential Business District) zoning allows residential use as well as low-intensity business or professional use.
Key Highlights
- Separate lower‑level apartment with private entrance, 2 bedrooms, and 1.5 bathrooms
- ZRB (Residential Business District) zoning supports residential and low‑intensity business or professional use
- 7,000‑square‑foot corner lot at 501 Sage St in Elko
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,040
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,800
$600.8K
Cap Rate 7%
$429,143
$429.1K
Cap Rate 9%
$333,778
$333.8K
Market Conditions
NOI Build-Up for 3,682 SF
Gross rent
$46.4K $12.60/SF
− Vacancy
−$3.5K −$0.95/SF
EGI
$42.9K $11.66/SF
− OpEx
−$12.9K −$3.50/SF
NOI
$30.0K $8.16/SF
Area
Elko County, NV
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,800
Cap Rate 7%
$429,143
Cap Rate 9%
$333,778
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.5K – $500.7K
NOI $30,040 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$397.1K
$347.5K – $463.3K
NOI $27,798 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,901 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - ZRB zoning accommodates residential use alongside low-intensity business or professional activity.
Where is this duplex located?
The property is located at 501 Sage St Elko, NV.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Separate lower‑level apartment with private entrance, 2 bedrooms, and 1.5 bathrooms; ZRB (Residential Business District) zoning supports residential and low‑intensity business or professional use; 7,000‑square‑foot corner lot at 501 Sage St in Elko
