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506 Modoc Street, Reno, NV 89509

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For Sale

$895,000

3 baths • 2,258 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $396.37
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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: 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 2,300permontheach, 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******
MLS# 250053312

Courtesy Of Greathouse Real Estate Company

(775) 786-1010

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Patio, Ceiling Fan
  • Appliances
    Refrigerator, Washer
  • Fireplace
    Fireplace
  • Floor Covering
    Tile, Carpet, Vinyl, Wood
  • Heating System
    Forced Air
  • Lot Size
    0.18 Acres

Map and Directions

Directions to 506 Modoc Street, Reno, NV 89509

Home seller CENTURY 21 Classic Estates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Classic Estates

(562) 865-2992
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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