931 1st Street, Elko, NV 89801
MULTI_FAMILY - Ranch - Elko, NV
- Added:
- Jun 16, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 16 at 10:06 pm
Property Features for 931 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 2
- Exterior features
- CornerLot
- Fireplace
- 1
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 001-094-006
- Size
- 3,528 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1503
Utilities
- Heating system
- Radiant, Fireplace(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 2
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Dea Mitton License #BS.0146646 (775) 738-8535
Listing office Allie Bear Real Estate 3711 Sundance Dr, ELKO, NV (775) 738-8535
Listing date Jun 16, 2026
Copyright © 2026 Elko County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with corner lot and classic brick exterior in Elko (931 1st Street)
- Upper unit: 5 bedrooms, 2.5 bathrooms, 2,037 SF, currently tenant occupied
- Lower unit: 2 bedrooms, 1 bathroom, 1,491 SF, completely updated and operating as a furnished short‑term rental
- Stated 8.7% cap rate income‑producing opportunity
- Ranch‑style home built in 1960 with asphalt roof and public water
- Radiant heating with fireplace; interior flooring includes carpet, tile, and vinyl
Overview
Located at 931 1st Street in Elko, Nevada, the property sits in the “Tree Streets” area as described in the remarks. The corner-lot configuration and two distinct units make it well-suited for investors seeking multiple income streams or for an owner-occupant who wants additional rental flexibility.
From a tenant or buyer-fit perspective, the property supports different living and rental strategies. The upper unit’s current tenancy can provide immediate occupancy, while the updated lower unit’s furnished short-term setup may appeal to those looking for a more flexible rental model. With two separate unit configurations, the duplex can also work for multi-generational arrangements, depending on how an owner plans to use the space.
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 | $44.5k | $12.60 |
| − Vacancy | −$3.3k | −$0.95 |
| EGI | $41.1k | $11.66 |
| − OpEx | −$12.3k | −$3.50 |
| NOI | $28.8k | $8.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elko
- County
- Elko
- State
- Nevada
- Longitude
- -115.771274
- Latitude
- 40.8323028
