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6-Unit Apartment Building

507 A Street, Elko, NV 89801

For Sale
Contact for pricing

Six one-bedroom homes have separate electric metering, basement storage, and individual garage spaces.

Property SizeContact for details
Lot Size0.19 Acres
Days on Market36

Property Features for 507 A Street

General Information

Standard status Active
Net Rentable 3,400 SF
Lot size 0.19 Acres
Property subtype Multifamily

Financials

Asking Price $500,000
Gross Income $48,600

Units

Unit Mix 6 x 1BR/1BA
Multifamily Units 6
Individually Metered Utilities electricity

Additional Details

Tenant in Place Yes

Amenities

basement storage

Building Details

Year Built 1945
Listing Agency: Perris Commercial Real Estate
Listed By: Andrew Perris · License CA #01932663
Source: Crexi
Added: Oct 10 Changed: Nov 8 Last Checked: Nov 14 at 2:50AM

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 Perris Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

Built in 1945, this apartment property contains six one-bedroom, one-bath units with approximately 3,400 net rentable square feet on an 8,440 SF lot. Four apartments measure approximately 585 SF each, while the other two are approximately 460 SF each. Basement storage and individual garage spaces serve the residents.

Each unit has its own electric meter and sub-panel, along with a separate hot water heater. The property also has newer water heaters and plumbing updates.

Key Highlights

  • Six 1‑bedroom/1‑bath units
  • Approximately 3,400 net rentable square feet on an 8,440 SF lot
  • Four units at approximately 585 SF and two at approximately 460 SF

Property Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,154
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six one-bedroom homes have separate electric metering, basement storage, and individual garage spaces.
Where is this apartment building located?
The property is located at 507 A Street Elko, NV.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Six 1‑bedroom/1‑bath units; Approximately 3,400 net rentable square feet on an 8,440 SF lot; Four units at approximately 585 SF and two at approximately 460 SF
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