506 Modoc Street, Reno, NV 89509

$895,000

Maximize Your Investment at 506 Modoc Ave, Reno, NV 89509 Welcome to 506 Modoc Ave, an exceptional tri-plex offering an outstanding investment opportunity in the heart of Reno. This property combines charm, modern amenities, and significant potential for growth, ideal for both investors and homeowners. Property Highlights: • Well-Proportioned Units:… Read More Each unit averages 760 sq ft of living space, providing ample room for comfort and functionality. • Strong Rental Potential: The two larger units should command 2,300permonth each, while the smaller unit should be 1,200 per month. Currently, the rents far below market have not seen vacancies in more than 5 years... • Extensive Upgrades: The seller has invested significantly in upgrades over the years, ensuring no detail has been overlooked. Key improvements include: • New Sewer Line: Replaced in 2012, providing peace of mind and reducing future maintenance concerns. • New Water Lines: Installed to enhance plumbing reliability and efficiency. • Private Outdoor Spaces: Each unit features large, private fenced front and rear yards—ideal for entertaining, relaxing, or enjoying a garden retreat. • Charming Interiors: Each unit showcases delightful interior finishes, providing a warm and inviting atmosphere for residents. • Durable Stone Exterior: The property boasts a beautiful stone exterior, combining visual appeal with low maintenance needs. • Ample Parking: Each of the larger units includes 2 dedicated parking spaces (one garage and one driveway), while the smaller unit has 1 off-street parking space; plus, there's plentiful street parking available on this desirable corner lot. Prime Location: • Convenience at Your Fingertips: Located just minutes from downtown Reno, offering easy access to a variety of dining, shopping, and entertainment options. • Recreational Opportunities: Enjoy nearby parks and outdoor activities, perfect for residents who love an active lifestyle. • Community Vibe: Experience the charm of a peaceful neighborhood, making it an attractive option for families and tenants alike. Why Invest Now? With rents well below market rates, this tri-plex presents a golden opportunity for significant income growth. The combination of beautiful units, prime location, and inviting outdoor spaces makes 506 Modoc Ave a sound addition to your real estate portfolio. Act Fast! This exceptional investment won't last long. Contact us today to and explore the remarkable potential awaiting you at 506 Modoc Ave Reno NV 89509 ******PLEASE DO NOT DISTURB THE OCCUPANTS****** Read Less

Courtesy of Greathouse Real Estate.

Listing Snapshot

Days Online

173

Last Updated

Jan 8, 2026

Property Type

Single Family

Square Ft.

2,258

Lot Size

0.18 Acres

Year Built

1937

MLS Number

250053312

30 Days Snapshot Of 89509

$928k

+11%

(avg) sold price

-44%

homes sold

109

+25%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

"Disposal", "Electric Oven", "Electric Range", "Refrigerator", "Washer"

Building

Built in 1937, Building area total: 2,258, 2 buildings, 1 story, Construction materials: "Cedar", "Stone", "Stone Veneer"

Cooling

"Wall/Window Unit(s)", "Varies By Unit"

Exterior Features

"Awning(s)", "Rain Gutters"

Fence

"Full"

Fireplaces

"Wood Burning"

Floors

"Carpet", "Tile", "Varies", "Vinyl", "Wood"

Heating

"Forced Air", "Natural Gas"

Interior Features

"Ceiling Fan(s)"

Laundry

"In Unit", "Washer Hookup", "Varies By Unit"

Lot

0.18 acres, 8,015 square feet, Area: 0, "Corner Lot", "Level"

Parking

"Assigned", "Detached", "Garage", "Parking Pad", "Varies by Unit"

Pool

"None"

Property

"Patio"

Roof

"Composition", "Pitched"

Security Features

"Smoke Detector(s)"

Sewer

"Public Sewer"

Spa

"None"

Taxes

Tax annual amount: $1,596

Tenant Pays

"Internet", "Water", "Trash Collection", "Telephone", "Gas", "Electricity"

Utilities

"Cable Connected", "Electricity Connected", "Internet Connected", "Natural Gas Connected", "Phone Connected", "Sewer Connected", "Water Connected", "Cellular Coverage", "Water Meter Installed"

Windows

"Blinds", "Drapes", "Vinyl Frames", "Wood Frames", "Varies"

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