$2,323,000

For Sale

2 months ago

1002 S Arlington Ave, Reno, NV

Name: 1002 S Arlington Ave, For Sale in Reno - eXp Realty
Brand: Engel & Volkers Lake Tahoe
SKU: 260010820
Price: 2323000 USD

House

MLS® 260010820

0 Bed

0 Bath

10 Parking

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $4,096

Days Active 53

Lot Size 0.29 Acres

Approx. Age 1937

MLS® Number 260010820

Property Address: 1002 S Arlington Ave, Reno, NV, 89509-1929

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

Description

Fantastic investment opportunity in Reno's desirable Old Southwest neighborhood at the intersection of Arlington Avenue and La Rue Avenue. This unique property consists of three separate buildings across two parcels and offers a variety of potential investment and operational opportunities. The sale includes both parcels, 01131313 and 01131314, associated with 1002 S. Arlington Avenue and 562 La Rue Avenue. Please see associated documents and property flyer for additional property information and details. Listing agent must be present for all showings. 1002 S. Arlington Avenue: The first building was originally constructed as a single-family home and has historically been converted and operated as a boarding house. The Historical Board has approved the use as a boarding house, allowing rooms to be leased to individual residents. More recently, the property has been approved and is currently being operated as supportive housing. This parcel contains two buildings and is zoned MF-14, providing flexibility for continued residential use and potential future opportunities, subject to applicable zoning and permitting requirements. Four-Unit Apartment Building: The second building is a four-unit apartment building consisting of two three-bedroom units and two two-bedroom units. Each unit includes one full bathroom, a full kitchen, its own water heater, and its own furnace. This building shares the parcel with 1002 S. Arlington Avenue and is zoned MF-14. The individual utility systems and unit layouts provide a practical residential configuration and an established income-producing component to the overall property. 562 La Rue Avenue: The third building is a single-story home that was converted into a boarding house and has historically operated as such. Although the property remains zoned single-family, the grandfathered boarding-house use has been allowed to continue under the current supportive-housing operation. The office for the existing operation is located within this building, along with food storage supporting the current use. With three buildings, multiple residential units, established boarding-house and supportive-housing uses, and a prime Old Southwest location, this property offers a rare combination of existing income potential and future possibilities. The opportunities for this property are extensive. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, historical approvals, occupancy, and future development potential. **This property is available for a master lease at 10, 000, monthly NNN.

MLS® Number260010820

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1937

Basement

DrivewayOn Site, Paved, Accessible Parking

Garage Spaces

HeatElectric, Forced Air, Natural Gas

A/CElectric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 15, 2026List Date

$2,323,000List Price

Commute

Commute

Starting Address

Destination Address

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