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    Diamond Valley Multifamily Opportunity Title is generated by Realmo AI

    610 & 612 County Road 101, Eureka, NV 89316

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    Claim this Listing
    For Sale
    Under Contract
    $675,000

    MULTI_FAMILY - Eureka, NV

    Property size:
    4,460 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $151/SF
    Added:
    Apr 27, 2025
    Days on Market:
    395
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for 610 & 612 County Road 101

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    8
    Parking features
    Garage, Assigned
    Window features
    Double Pane Windows, Drapes, Blinds
    Interior features
    Cathedral Ceiling(s), Central Vacuum, Vaulted Ceiling(s)
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active Under Contract
    APN
    007-210-39
    Size
    4,460 SF
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2323

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Propane (Heating), Varies by Unit (Heating), Forced Air
    Cooling system
    Electric, Evaporative Cooling, Varies by Unit
    Water source
    Well, Private

    Building Details

    Year built
    1991
    Floors in Building
    2
    Flooring type
    Laminate, Vinyl, Wood, Concrete, Varies, Carpet
    Building materials
    Frame, Metal Siding, Vinyl Siding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Veronica Tognoni

    Listing agent Veronica Tognoni License #S.198975

    Listing office Fathom Realty 9190 Double Diamond Pkwy., Reno, NV

    Listing date Apr 27, 2025

    MLS# 250005464 Listing URL

    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.

    HighLights

    • Two Homes on 5 Acres: Includes a 3,316 sq ft custom‑built main residence and a renovated 3 bedroom, 2 bathroom manufactured home.
    • Income Potential/Multi‑Generational Living: The second residence is ideal for rental income, in‑law quarters, or on‑site management.
    • Spacious Main Residence: Features 4 bedrooms, 3 full bathrooms, open‑concept floor plan, full basement, and a bonus/game room.
    • Sweeping Mountain Views: Property is surrounded by open fields and offers stunning mountain views.
    • Convenient Location: Situated just 10 minutes from town in Diamond Valley.
    • Attached 2‑Car Garage: Main residence includes an attached 2‑car garage with private access from the bonus room.

    Overview

    Located in Diamond Valley, approximately 10 minutes from town, this 5-acre property features two residences. The main residence is a custom-built, two-story home with 4 bedrooms and 3 full bathrooms, encompassing 3,316 square feet. It features an open-concept floor plan and a full basement, along with an upstairs bonus/game room that has private access to the attached 2-car garage. The second residence is a recently renovated manufactured home, approximately 1,144 square feet, with 3 bedrooms and 2 bathrooms, set on a concrete slab. The property offers sweeping mountain views. The second residence is suitable for rental income, in-law quarters, or on-site management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Building Supply Gym & Fitness Center Auto Repair Shop Hair Salon Grocery & Convenience Store Food Market Computer & Electronic Repair Pharmacy (Bike/Boat/Book/etc) Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    Eureka
    State
    Nevada
    Longitude
    -116.197
    Latitude
    39.6341

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    FAQs

    What type of property is this?
    Multifamily property - Two homes on 5 acres near Eureka, Nevada.
    Where is this multifamily property located?
    The property is located at 610 & 612 County Road 101 Eureka, NV.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Two Homes on 5 Acres: Includes a 3,316 sq ft custom‑built main residence and a renovated 3 bedroom, 2 bathroom manufactured home.; Income Potential/Multi‑Generational Living: The second residence is ideal for rental income, in‑law quarters, or on‑site management.; Spacious Main Residence: Features 4 bedrooms, 3 full bathrooms, open‑concept floor plan, full basement, and a bonus/game room.
    (775) 232-8796
    We can help!
    Listing Contact
    Veronica Tognoni
    Real Estate License ID: S.198975
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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