USANVLovelock1335 Cornell Ave
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$525,000

For Sale

5 days ago

1335 Cornell Ave, Lovelock, NV

House

MLS® 260008894

6 Bed

4 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $1,567
Days Active 5
Lot Size 0.22 Acres
Approx. Age 1949
MLS® Number 260008894

Property Address: 1335 Cornell Ave, Lovelock, NV, 89419-8065

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to acquire income-producing 4-unit investment property with an estimated $27, 000 annual NOI and a 5.14 CAP rate. The property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering a desirable mix of unit sizes. Originally constructed in 1949 as the 7-unit Sage Motel, the property was converted to apartments in 2005 and operated as multifamily housing through 2016. Between 2018 and 2019, the property underwent an extensive renovation, including a new roof, plumbing, electrical, doors, Low-E double-pane windows, flooring, paint, water heaters, appliances, and numerous additional improvements, creating attractive, low-maintenance units. Each apartment is separately metered for gas and electricity, helping reduce operating expenses. The property includes approximately 2, 184 square feet in the main building plus a 130-square-foot detached laundry/storage building. Commercial zoning provides exceptional flexibility for investors and owner-users alike. Potential uses include long-term apartments, short-term rentals, motel/hospitality, Airbnb or vacation rentals (subject to local regulations), retail, office space, or a live/work business opportunity. Seller financing is available with negotiable owner-carry terms, making this an attractive option for qualified buyers seeking positive cash flow and flexible acquisition terms.
MLS® Number260008894
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1949
Basement
DrivewayAssigned
Garage Spaces
HeatElectric, Natural Gas, Wall Furnace
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 9, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
1335 Cornell Ave, Lovelock, NV

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