468 Capitol Hill Ave, Reno, NV, 89502
About This Home
The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. One unit is currently vacant for potential owner occupant financing but could be leased for an investor looking for a fully leased asset. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.
Getting Around
Walker's Paradise
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Foundation: Crawl Space
- Roof: Composition,Pitched
- Construction materials: Asbestos
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Oven,Dishwasher,Gas Range,Refrigerator
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Window features: Double Pane Windows,Vinyl Frames
- Flooring: Luxury Vinyl
Heating
- Heating features: Wall Furnace
Interior Area
- Total structure area: 2,288
- Total interior livable area: 2,288 sqft
Property
Details
- Parcel number: 01341107
- Zoning: MF-30
Features
- Levels: One
- Stories: 1
- Pool features: None
- Exterior features: None
- Spa features: None
- Fencing: Partial
Lot
- Lot size: 8,712 sqft
- Features: Level
Parking
- Total spaces: 4
- 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
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 | $4,247 | $50,964 |
| Home Insurance | $187 | $2,244 |
| Property Taxes | $977 | $11,724 |
| Electricity | $213 | $2,562 |
| Total | $5,624 | $67,488 |
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 |
|---|---|---|
| 2026-07-17 | Price change | $840,000 |
| 2026-06-09 | Listed for sale | $880,000 |
| 2020-06-18 | Listing removed | $1,275 |
| 2020-02-11 | Price change | $1,275 |
| 2020-02-07 | Listed for rent | $1,200 |
| 2019-12-20 | Sold | $380,000 |
| 2019-12-04 | Listed for sale | $410,000 |
| 2019-11-09 | Pending sale | $410,000 |
| 2019-11-04 | Listed for sale | $410,000 |
| 1999-04-28 | Sold | $175,000 |
| 1996-04-19 | Sold | $67,000 |
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