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Property view

4300 Reno Highway, 
Fallon, NV 89406

$1,050,000


Bed


Bath


2,850

Sq Ft


Multi-Family

Sold

Listed by

Donal Minihan

Brent Vaulet

RE/MAX Professionals-Reno

775-345-3070

MLS#

250051401

Source:

NV NNRMLS

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About This Home

4300 Reno Highway

4300 Reno Hwy offers a compelling opportunity to acquire a fully stabilized, turn-key triplex in the growing market of Fallon, NV. With an estimated 6 percent CAP rate, this property provides solid in-place cash flow and minimal deferred maintenance—ideal for investors seeking a low-maintenance, income-producing asset. Each of the three townhome-style units features a 2-bedroom, 1-bath layout with spacious living rooms, full kitchens, large bedrooms, and bathrooms with shower-over-tub configurations. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing overall tenant satisfaction and leasing demand. All units have been extensively modernized since 2022, including luxury vinyl plank flooring, updated carpet, and refreshed fixtures throughout. Property systems include natural gas wall heaters, evaporative coolers, electric ranges, and gas water heaters—all contributing to efficient, cost-effective operations. The property is serviced by a shared private well with a new booster pump and a private septic system, reducing ongoing utility expenses. Additional surface parking provides flexibility for tenants and guests. Conveniently located just minutes from downtown Fallon and within commuting distance of the Reno-Tahoe Industrial Center, the property benefits from regional economic growth, strong rental demand, and a functional, tenant-friendly design. Each of the three townhome-style units features a 2-bedroom, 1-bathroom layout with a spacious living room, full kitchen, large bedrooms, and a bathroom with a shower-over-tub. Tenants enjoy private covered patios, carports, and dedicated storage sheds, enhancing rental appeal and tenant satisfaction. Since 2022, all three units have been extensively modernized, including updated luxury vinyl plank flooring, carpet, and fixtures. Systems include natural gas wall heaters, evaporative coolers for efficient cooling, electric ranges, and gas water heaters. The property is served by a private shared well with a new booster pump and its own septic system, reducing utility expenses and long-term operational costs. Additional surface parking offers flexibility for tenants or guests. Located just minutes from downtown Fallon and in proximity to the Reno-Tahoe Industrial Center, this asset benefits from regional economic growth, strong rental demand, and a tenant-friendly design. Seller is willing to also sell 4310 Reno Hwy- Parcel Number 00846159

Home Facts

Multi-Family

Built in 1980

Price Summary

555,000

$194 per Sq. Ft.

MLS #:

250051401

Sold:

October 24, 2025


Rooms & Interior

Interior

Living Area:

2,850 Sq. Ft.


Structure

Structure

Building Area:

2,850 Sq. Ft.

Year Built:

1980


Lot

Lot Size (Sq. Ft):

44,866


Finances & Disclosures

Finances

Price:

$555,000

Price per Sq. Ft:

$194 per Sq. Ft.

Source:NV NNRMLS
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