251 E Arroyo Street, Reno, NV 89502

$1,295,000
  • 251 E Arroyo Street, Reno, NV 89502 Main Photo

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Active Price Reduced by $105,000 on June 19th, 2026
SQUARE FEET3,677 MLS#260006290
STATUSActive PROPERTY TYPECommercial - Investment SUBDIVISIONVictoria Park Tract

Property Description

Exceptional investment opportunity in the heart of Midtown Reno. This well-maintained 6-unit multi-family property offers the perfect blend of character, location, and long-term upside just moments from Wells Avenue, local restaurants, coffee shops, boutiques, and some of Reno's most vibrant neighborhood amenities. The property consists of a charming brick building featuring four 1-bedroom units, plus a separate 2-story duplex off the alley with two spacious 2-bedroom units and off-street parking. Ownership has continued to thoughtfully maintain and improve the property over time, with upgrades including newer roofs on both buildings, vinyl windows, furnace, hot water heater, and additional system improvements. Additional features include a shared laundry area, bike storage, and an unfinished basement offering additional storage space not included in the square footage. With one 2-bedroom unit and one 1-bedroom unit currently vacant, investors have immediate flexibility for market-rate leasing, owner-occupancy potential, or future value-add opportunities. Located in one of Reno's most walkable and rapidly evolving neighborhoods, this is a rare chance to own a multi-unit asset in highly desirable Midtown Reno with strong rental appeal and future growth potential.

251 E Arroyo Street | MLS# 260006290

This commercial property located at 251 E Arroyo Street, Reno, NV 89502 is currently listed for sale with an asking price of $1,295,000. Search Reno real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Investment
Cooling: Electric
Heating: Baseboard, Electric, Natural Gas
Lot Size: 0.16 Acres
Roof Type: Pitched, Composition, Shingle
Stories: 2.0
Taxes: $2,278
Year Built: 1945

Feature Descriptions

Business Name: None
Business Type: Other
Construction Type: Masonry, Site/Stick-Built
Cooling Y/N: Yes
Days on Site: 35
Exterior: Brick Veneer
Flooring: Carpet, Luxury Vinyl, Wood
Foundation: Slab
Heating Y/N: Yes
Laundry Features: Common Area
Lot Features: Level
OtherStructures: None
Parcel #: 014-073-15
Parking: Off Street, Paved, Alley Access
Restrooms: 6
Road Frontage: Public
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Sprinklers: None
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Water Rights Y/N: No
Window Features: Double Pane Windows

Listed By / Shown By

Listed By

Agency Name: Marmot Properties, LLC
Agent Name: Laura Kirsch
Agency Phone: 775-301-5289
Agent Phone: 775-391-9076

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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