Old Southwest Reno
596 California Avenue Reno, NV 89509
596 California Avenue, Reno, NV, 89509
$889,999
For Sale
Under Contract
$889,999
MULTI_FAMILY - Reno, NV
Property Size2,127 SF
Lot Size0.12 Acres
Price / SF$418.43
Days on Market174
Property Features for 596 California Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mf14
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- Tandem
- Window features
- Wood Frames, Vinyl Frames, Drapes, Blinds, Double Pane Windows
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), High Ceilings
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Dryer, Electric Oven, Gas Range, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 011-203-02
- Size
- 2,127 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1364
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Natural Gas, Forced Air
- Cooling system
- Zoned, Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Varies, Laminate
- Building materials
- Brick, Concrete, Shingle Siding
- Roof type
- Composition, Shingle
Listing agency
RE/MAX Professionals-Reno
(775) 345-3070
Listed by
Jonathan Hughes · License #BS.146570
(775) 378-7422
Added: Jan 29 Updated: Jun 10 at 9:38AM Checked: Jul 22 at 8:06AM
MLS# 260001026
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 duplex is located in the Old Southwest Reno neighborhood along California Avenue. Multi-family properties in this historic district are exceptionally scarce. The property is located minutes from Midtown Reno, Downtown Reno, and the Truckee River, with access to dining, nightlife, and outdoor recreation. Local favorites like The Brewer's Cabinet, coffee shops, boutiques, and parks are within walking distance. The property is move-in ready and features fresh interior paint throughout. The front unit lives like a single-family home, featuring its own private front and backyard. The rear unit is thoughtfully separated and includes a private fenced patio. Suited for an owner-occupant seeking supplemental income or an investor looking to secure a high-demand rental, this property is located in one of Reno's most established and desirable neighborhoods. The property has a lot size of 0.12 acres and a property size of 2127 square feet.
Key Highlights
- Duplex built in 1926 with brick/concrete exterior and shingle siding
- Interior highlights include high ceilings, ceiling fans, and tile/laminate flooring
- Appliances include dishwasher, disposal, electric oven, gas range, refrigerator, washer, and dryer
Local 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 | $47.2k | $22.20 |
| − Vacancy | −$2.0k | −$0.95 |
| EGI | $45.2k | $21.25 |
| − OpEx | −$13.6k | −$6.38 |
| NOI | $31.6k | $14.88 |
2,127 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.0K
$395.5K – $527.4K
NOI $31,642 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$392.6K
$343.5K – $458.1K
NOI $27,483 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$655.5K
$573.6K – $764.8K
NOI $45,886 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Rare duplex in Reno's desirable Old Southwest neighborhood.
Where is this duplex located?
The property is located at 596 California Avenue Reno, NV.
What is the asking price?
The asking price for this property is $889,999.
What are key features of this property?
This property features: Duplex built in 1926 with brick/concrete exterior and shingle siding; Interior highlights include high ceilings, ceiling fans, and tile/laminate flooring; Appliances include dishwasher, disposal, electric oven, gas range, refrigerator, washer, and dryer
