Property summary
This exceptional redevelopment opportunity presents a 7-unit multifamily property situated on a 0.33-acre lot in Fallon, Nevada (APN 00152801). The property, currently vacant, consists of two buildings – a five-unit structure and a duplex – totaling 3,425 square feet. Built in 1923, the property is classified as Class C and zoned C-1, offering potential for diverse uses. Significant improvements have already been made, including a new sewer line, electrical panel with Romex wiring (allowing… for individual metering), a new 200-gallon hot water heater system, new Pex water lines and plumbing, and a sealed roof with scuppers on the main building. Building plans for the five-unit building, along with on-site building materials, will transfer to the new owner. A third structure on the property could serve as a laundry facility or additional storage. Each unit has one parking space. The asking price is $205,000 ($29,286 per unit, $59.85 per square foot). While the current NOI is $0, a pro-forma NOI of $69,300 projects a 10% cap rate. The property's location off Main Street in downtown Fallon, coupled with the growing Naval Air Station and consistent rental demand, makes this a compelling investment. All information is deemed reliable but not guaranteed
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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