Local realty services provided by:ERA Realty Central
943 S Wells Avenue,Reno, NV 89502
$1,150,000
- - Beds
- - Baths
- 2,400 sq. ft.
- Multi-family
- Active
Listed by: laura kirsch
Office: marmot properties, llc.
MLS#:260000599
Source:NV_NNRMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$479.17
About this home
Prime Wells Avenue duplex in the heart of Reno, Nevada! This beautifully renovated 1945 brick duplex is a rare opportunity to own a cash-flowing income property in one of Reno's most visible and high-demand corridors. Located on Wells Avenue, this property offers a unique combination of immediate rental income and future development potential, making it ideal for investors, owner-investors, or those looking for a value-add commercial redevelopment site. The property has been thoughtfully renovated and converted into a true two-unit duplex, with one unit on the main level and a second unit in the fully finished basement — each with private living space and strong rental appeal. Upstairs unit: 3 bedrooms + 2 bathrooms, currently rented on a month-to-month lease at 2,550/month Downstairs unit: 3 bedrooms + 2 bathroom, newly vacant and currently being marketed for rent at 1,750/month Situated on a 0.161-acre lot with prime frontage on Wells Avenue, this property is zoned GC (General Commercial) in Washoe County, opening the door to a wide variety of commercial and mixed-use possibilities. Even better — plans have already been created for an 8-unit apartment building to be built on the rear portion of the lot, giving investors a head start on future expansion and redevelopment. Whether you're looking for a stabilized duplex, a Reno redevelopment opportunity, or a high-visibility commercial lot with existing income, this Wells Avenue property delivers a rare "best of both worlds" investment: rent now, build later. Endless potential in an unbeatable Reno location — schedule your private tour today.
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Home facts
- Year built:1945
- Listing ID #:260000599
- Added:14 day(s) ago
- Updated:January 30, 2026 at 08:46 AM
Rooms and interior
- Living area:2,400 sq. ft.
Heating and cooling
- Heating:Heating
Structure and exterior
- Year built:1945
- Building area:2,400 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Wooster
- Middle school:Vaughn
- Elementary school:Veterans
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$479.17
- Tax amount:$1,137
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