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1286 Chardonnay Drive, 
Gardnerville, NV 89460

$1,800,000


12

Beds


8

Baths


5,702

Sq Ft


Multi-Family

Active

Listed by

Chris Walker

Dickson Realty - Gardnerville

775-392-3774

Last updated:

September 13, 2026, 03:37 PM

MLS#

260010094

Source:

NV NNRMLS

About This Home

1286 Chardonnay Drive

Exceptional Turn-Key Four-Plex Investment Opportunity in the highly desirable Gardnerville Ranchos. Rarely does a low-overhead, self-manageable asset this well maintained come to market. Situated at the very end of Chardonnay Drive on approximately one-half acre, this clean duplex pair is configured as a cohesive four-plex sharing a common driveway. The private, peaceful setting features stunning, unobstructed panoramic Sierra Nevada Mountain views and adjoins open space where the former Bing Quarry once operated. The asset consists of four spacious, single-story units totaling approximately 5,702 square feet of total living space. Each residence offers a high-demand layout featuring 1,425 square feet, 3 bedrooms, 2 bathrooms, and an attached oversized 2-car garage with built-in storage. The units boast a thoughtfully designed open-concept floor plan with vaulted ceilings, generous storage, and separate laundry rooms with full-size washer and dryer hookups. With all four units currently occupied by responsible tenants, this is a true turnkey investment. Ownership has enjoyed an impeccable tenant history with a flawless, near-zero historical vacancy rate over the past 23 years, providing investors with long-term stability and consistent cash flow. Significant capital improvements have already been completed to minimize near-term capital expenditure liabilities, including brand-new roofs completed in 2024 and fresh full exterior paint in 2025. Every unit features a fully fenced yard space with expansive lawns, concrete patios, central gas forced-air heating, gas water heaters, and well-equipped kitchens with a dishwasher, disposal, microwave hood, and electric range. Several units have been extensively updated, including new luxury vinyl plank flooring, fresh interior paint, upgraded lighting, ceiling fans, electrical outlets and switches, new garage door systems, a new furnace, central air conditioning, a new water heater, and updated bathroom fixtures. Select units also enjoy panoramic mountain views and private storage sheds to further maximize tenant appeal. Please contact the listing agent for a complete breakdown of improvements and upgrades by unit. The property currently generates 9,060 dollars per month in gross rental income and is offered at an approximate 5.50 cap rate based on actual numbers. Low operational overhead is driven by ultra-low fixed annual expenses. For investors looking to maximize returns, current market rents for comparable premium 3-bedroom, 2-bath homes indicate a clear path to approximately 9,800 dollars per month in gross rental income equating to an estimated 6.00 cap rate at the 1,800,000 asking price. This presents an outstanding opportunity for buyers seeking immediate cash flow upside with minimal capital improvements, making it ideal for those completing a 1031 exchange and looking to park capital in a premium, low-maintenance Northern Nevada asset. Whether you are expanding your portfolio or searching for a premier income-producing property in one of Gardnerville's most desirable locations, 1286 Chardonnay Drive offers an outstanding, hard-to-replicate combination of stable cash flow, proven historical occupancy, and recent capital improvements with absolutely no HOA fees or restrictions.

Home Facts

Multi-Family

8 Baths

12 Bedrooms

Built in 1995

Price Summary

1,800,000

$315 per Sq. Ft.

MLS #:

260010094

Last Updated:

September 13, 2026, 03:37 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

5,702 Sq. Ft.


Structure

Structure

Building Area:

5,702 Sq. Ft.

Year Built:

1995


Lot

Lot Size (Sq. Ft):

21,344


Finances & Disclosures

Finances

Price:

$1,800,000

Price per Sq. Ft:

$315 per Sq. Ft.

Source:NV NNRMLS
The information being provided by Northern Nevada Regional Mls Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Northern Nevada Regional Mls Inc.. Dickson Realty - Gardnerville is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Dickson Realty - Gardnerville, a broker participant of Northern Nevada Regional Mls Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Northern Nevada Regional Mls Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Northern Nevada Regional Mls Inc.. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.