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3251 S Carson St, Carson City, NV, 89701

--beds
--baths
--sqft
$2,975,000
--price/sqft
$17,023/moest. monthly cost
$680,920/yrincome needed

About This Home

— A Hospitality Asset with Room to Grow — 24 units, 3.52 acres, and a flexible site plan create a rare opportunity for income, repositioning, or redevelopment — The Mill House Inn Motel offers a strategic investment opportunity within Carson City's South Carson Redevelopment District, combining current operational value with long-range development potential. Set on approximately 3.52 acres along a visible South Carson Street corridor, the property includes 24 total motel units across three buildings, paved parking for approximately 30 vehicles, and an outdoor setting designed for guest convenience and extended-stay use. The property configuration includes a 10-unit motel building with a small office, a second 14-unit motel building, and a separate main office building. Among the 24 units is a spacious three-bedroom manager's unit of approximately 1,200 square feet, with the remaining units measuring approximately 400 square feet each. An in-ground pool and outdoor common area add lifestyle appeal, creating a sense of arrival and community that supports continued hospitality, monthly rental, or potential repositioning concepts. With a pro forma cap rate of 6 percent, the offering provides an investor with a meaningful foundation for income-oriented ownership, while the remainder parcel invites a broader vision for future development, subject to buyer verification and required approvals. Whether maintained as a boutique motel, adapted for extended-stay lodging, or considered as part of a larger redevelopment strategy, 3251 S Carson Street offers scale, frontage, land, and flexibility in one of Carson City's key redevelopment areas. For the buyer with imagination and discipline, the Mill House Inn is more than an existing hospitality asset. It is a property with room to evolve, improve, and help shape the next chapter of South Carson.

Getting Around

50
WalkingSomewhat Walkable
0
TransitVery Limited Transit
77
BikeVery Bikeable

Schools

7/10
6/10
Carson Middle SchoolGrades 6-82.0 mi
5/10
Carson High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1967

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily

Interior

Features

  • Flooring: Carpet
  • Fireplace: Yes

Heating

  • Heating features: Has Heating (Unspecified Type)

Property

Lot

  • Lot size: 3.52 Acres

Parking

  • Total spaces: 30

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Earthquake
Lightning
Wildfire

FEMA Declared Disasters Across Nevada Counties

Fire
Flood
Mud Landslide
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,043$180,516
Home Insurance $648$7,776
Property Taxes $1,140$13,680
Electricity $192$2,306
Total$17,023$204,276

Income You'd Need if You Spent...

35% on housing$583,645/yr
40% on housing$510,690/yr
45% on housing$453,946/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.8%
8.8%
0%30.0%
Electricity Growth Rate10-year average: -1.2%
-1.2%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 89701$216
Carson City$302

vs Homes Sold Last Month

Median $/sqft

ZIP 89701$296
Carson City$304

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-30Listed for sale$2,975,000
2022-09-19Listing removed--
2022-02-25Listed for sale$4,175,000
2021-12-28Listing removed--
2021-08-25Listed for sale$4,375,000

For Sale by Agent

AgentJean Merkelbach
BrokerageEngel & Völkers Lake Tahoe

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