650 Denslowe Dr, Reno, NV, 89512
About This Home
Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1952
Materials
- Foundation: Slab
- Roof: Flat
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Oven,Gas Range,Refrigerator
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Window features: Blinds,Double Pane Windows,Metal Frames,Single Pane Windows,Vinyl Frames,Varies
- Flooring: Ceramic Tile,Laminate,Vinyl
Heating & Cooling
- Heating features: Natural Gas,Wall Furnace
- Cooling features: Wall/Window Unit(s),Varies by Unit
Interior Area
- Total structure area: 2,966
- Total interior livable area: 2,966 sqft
Property
Details
- Parcel number: 00801308
- Zoning: MF30
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Exterior features: Balcony
- Spa features: None
- Fencing: Partial
Lot
- Lot size: 6,098 sqft
- Features: Landscaped,Level
Parking
- Total spaces: 6
- Parking features: Common
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
- Winter Weather
- Lightning
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 | $3,741 | $44,892 |
| Home Insurance | $166 | $1,992 |
| Property Taxes | $686 | $8,232 |
| Electricity | $276 | $3,321 |
| Total | $4,869 | $58,428 |
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 |
|---|---|---|
| 2026-04-09 | Price change | $740,000 |
| 2026-01-29 | Listed for sale | $750,000 |
| 2024-01-17 | Sold | $750,000 |
| 2006-02-02 | Sold | $355,000 |
| 2000-12-08 | Sold | $144,000 |
| 1996-11-22 | Sold | $125,000 |
| 1994-08-01 | Sold | $125,000 |
View on Zillow