134 and 154 E Arroyo ST Street Reno, NV 89502
1,148 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,148 sqft
Price per Sqft $479
MLS Listing ID 250053528
Year Built 1937
Annual Tax Amount $894
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.16
Property Sub-Type Duplex
Property Description
Perfectly positioned for both investors and owner-occupants, this gem offers flexibility and function. One home is a cozy 1 bed, 1 bath cottage, while the other is a 2 bed, 1 bath residence with original wood floors and a full basement ideal for storage, creative space, or future expansion. Both units transfer with all appliances—even laundry.
Step outside and you'll fall in love with the beautifully landscaped front yard —an ideal spot to soak in Reno sunsets and unwind in style. Pride of ownership shines throughout, with thoughtful upgrades including a sewer line replacement (less than 10 years ago) and a ducted heat pump cooling system in 134 E Arroyo.
With General Commercial zoning, this property opens the door to a wide array of future uses—from mixed-use development to continued multifamily income. Currently estimated to generate 36,000/year in long-term rental income at a 5.5 cap rate, it's a smart, stable investment with low overhead. Also great for short-term rental potential or a house-hacker looking to live in one unit and rent the other!
Multiple units, an excellent location, and a price that makes sense—don't let this rare Midtown-area find slip through your fingers!
Location
State NV
County Washoe
Zoning GC
Interior
Heating Electric, Forced Air, Heat Pump, Natural Gas, Wall Furnace
Cooling Central Air, Electric, Evaporative Cooling, Heat Pump, Wall/Window Unit(s)
Flooring Ceramic Tile
Fireplace No
Laundry In Unit, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Alley Access, Parking Pad
Pool None
Utilities Available Electricity Available, Electricity Connected, Internet Available, Internet Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed
View Y/N No
Roof Type Composition,Shingle
Garage No
Building
Lot Description Landscaped
Story 1
Foundation Concrete Perimeter, Full Perimeter, Raised, Crawl Space
Water Public
Structure Type Brick,Frame,Wood Siding
Schools
Elementary Schools Veterans
Middle Schools Vaughn
High Schools Wooster
Others
Tax ID 014-134-04
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.zillow.com/view-imx/4ab2f8bd-1810-4643-8bb4-005dfc614395?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard