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943 S Wells Ave 2,480 SF Specialty Building Offered at $1,150,000 in Reno, NV 89502
Investment Highlights
- Prime Wells Avenue duplex in the heart of Reno, Nevada
- cash-flowing income property
Executive Summary
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: 2 bedrooms + 2 bathrooms, currently rented on a month-to-month lease at 2,550/month Downstairs unit: 2 bedrooms + 1 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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,150,000 | Lot Size | 0.16 AC |
| Price Per SF | $463.71 | Building Size | 2,480 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1945 |
| Property Subtype | Residential Income | Parking Ratio | 0.81/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | GC - General Commercial | ||
| Price | $1,150,000 |
| Price Per SF | $463.71 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,480 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 0.81/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 013-163-09 | Improvements Assessment | $24,163 (2026) |
| Land Assessment | $34,860 (2026) | Total Assessment | $59,023 (2026) |
Property Taxes
Parcel Number
013-163-09
Land Assessment
$34,860 (2026)
Improvements Assessment
$24,163 (2026)
Total Assessment
$59,023 (2026)
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943 S Wells Ave
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