4300 Reno Highway

Fallon, NV 89406

Square Ft.

2,850

Active Under Contract

Multifamily

$555,000

4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6 percent CAP rate, this property provides solid in-place cash flow and minimal deferred maintenance—ideal for investors seeking a low-maintenance, income-producing asset. Each of the… Read More three townhome-style units features a 2-bedroom, 1-bath layout with spacious living rooms, full kitchens, large bedrooms, and bathrooms with shower-over-tub configurations. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing overall tenant satisfaction and leasing demand. All units have been extensively modernized since 2022, including luxury vinyl plank flooring, updated carpet, and refreshed fixtures throughout. Property systems include natural gas wall heaters, evaporative coolers, electric ranges, and gas water heaters—all contributing to efficient, cost-effective operations. The property is serviced by a shared private well with a new booster pump and a private septic system, reducing ongoing utility expenses. Additional surface parking provides flexibility for tenants and guests. Conveniently located just minutes from downtown Fallon and within commuting distance of the Reno-Tahoe Industrial Center, the property benefits from regional economic growth, strong rental demand, and a functional, tenant-friendly design. Each of the three townhome-style units features a 2-bedroom, 1-bathroom layout with a spacious living room, full kitchen, large bedrooms, and a bathroom with a shower-over-tub. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing rental appeal and tenant satisfaction. Since 2022, all three units have been extensively modernized, including updated luxury vinyl plank flooring, carpet, and fixtures. Systems include natural gas wall heaters, evaporative coolers for efficient cooling, electric ranges, and gas water heaters. The property is served by a private shared well with a new booster pump and its own septic system, reducing utility expenses and long-term operational costs. Additional surface parking offers flexibility for tenants or guests. Located just minutes from downtown Fallon and in proximity to the Reno-Tahoe Industrial Center, this asset benefits from regional economic growth, strong rental demand, and a tenant-friendly design. Seller is willing to also sell 4310 Reno Hwy- Parcel Number 00846159 Read Less

Courtesy of RE/MAX Professionals-Reno.

Listing Snapshot

Days Online

293

Last Updated

Apr 1, 2026

Property Type

Single Family

Square Ft.

2,850

Lot Size

1.03 Acres

Year Built

1980

MLS Number

250051401

30 Days Snapshot Of 89406

$411k

+2%

(avg) sold price

25

+19%

homes sold

110

+8%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

"Electric Range", "Refrigerator"

Building

Built in 1980, Building area total: 2,850, 1 story, Construction materials: "Wood Siding"

Cooling

"Evaporative Cooling"

Fence

"Partial"

Floors

"Carpet", "Luxury Vinyl", "Vinyl"

Heating

"Wall Furnace"

Laundry

"Common Area"

Lot

1.03 acres, 44,866 square feet, Area: 1, "Level"

Parking

"Carport", "Common"

Pool

"None"

Property

"Patio"

Roof

"Composition", "Pitched"

Security Features

"Carbon Monoxide Detector(s)", "Smoke Detector(s)"

Sewer

"Septic Tank"

Spa

"None"

Taxes

Tax annual amount: $1,916

Tenant Pays

"Trash Collection", "Gas", "Electricity"

Utilities

"Electricity Connected", "Natural Gas Connected", "Cellular Coverage"

Windows

"Aluminum Frames", "Blinds"

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Lahontan Elementary School 775-423-1999 Public KG-1

Numa Elementary School 775-428-1996 Public 4-5

Churchill County Middle School 775-423-7701 Public 6-8

Churchill County High School 775-423-2181 Public 9-12

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The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than this site are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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