1335 Cornell Avenue, Lovelock, NV 89419

Lovelock
Local realty services provided by:ERA Realty Central
1335 Cornell Avenue,Lovelock, NV 89419
$525,000
  • 6 Beds
  • 4 Baths
  • 2,184 sq. ft.
  • Multi-family
  • Active
Listed by: joshua talayka
Office: re/max gold
MLS#:260008894
Source:NV_NNRMLS

Price summary

  • Price:$525,000
  • Price per sq. ft.:$240.38

About this home

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...

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Home facts

  • Year built:1949
  • Listing ID #:260008894
  • Added:55 day(s) ago
  • Updated:September 05, 2026 at 03:54 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Flooring:Laminate
  • Kitchen Description:Gas Range, Refrigerator
  • Living area:2,184 sq. ft.

Heating and cooling

  • Heating:Electric, Heating, Natural Gas, Wall Furnace

Structure and exterior

  • Year built:1949
  • Building area:2,184 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Level
  • Construction Materials:Frame, Vinyl Siding
  • Levels:One

Schools

  • High school:Pershing
  • Middle school:Pershing
  • Elementary school:Lovelock

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$240.38
  • Tax amount:$1,566

Features and amenities

  • Appliances:Dryer, Gas Range, Oven, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Washer

Parking

  • Parking description:Assigned
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