4755 Alcorn Rd, Fallon, NV, 89406
About This Home
Rare Multi-Home Investment Opportunity with Water Rights Discover an exceptional investment property featuring three separate homes on one parcel, offering incredible flexibility and income potential. Whether you're looking to generate strong rental revenue, create a multi-generational living setup, or live in one home while renting the others, this property delivers. Set in a peaceful, natural setting, the land is rich with beautiful scenery and abundant wildlife, creating a serene atmosphere that tenants and owners alike will appreciate. Water rights are included, adding long-term value and opportunity for agricultural use, landscaping, or future enhancements. Each home provides its own sense of privacy while still being part of a cohesive property, making this a rare find for savvy investors or those seeking space, independence, and return on investment—all in one place. This is a unique opportunity to own a property that blends income potential, natural beauty, and lifestyle appeal. Homes are needing work.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Foundation: Crawl Space
- Roof: Pitched,Shake,Shingle
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher
- Laundry features: Washer Hookup
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Window features: Aluminum Frames,Double Pane Windows,Vinyl Frames
- Flooring: Laminate,Tile
- Number of fireplaces: 2
- Fireplace features: Wood Burning Stove
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Forced Air,Propane
- Cooling features: Evaporative Cooling
Interior Area
- Total structure area: 2,962
- Total interior livable area: 2,962 sqft
Property
Details
- Parcel number: 00869276
- Zoning: E1
Features
- Levels: Two
- Stories: 1
- Patio & porch: Porch,Patio
- Exterior features: None
- Spa features: None
- Fencing: Partial
- Has view: Yes
- View description: Desert,Mountain(s)
- Horses can be raised: Yes
Lot
- Lot size: 10.64 Acres
- Features: Landscaped,Pasture
Parking
- Total spaces: 5
- Parking features: None
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
- Earthquake
- Inland Flooding
- Winter Weather
- Drought
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Nevada Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,281 | $39,372 |
| Home Insurance | $184 | $2,208 |
| Property Taxes | $281 | $3,372 |
| Electricity | $276 | $3,316 |
| Total | $4,022 | $48,264 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-10 | Listed for sale | $649,000 |
View on Zillow