116 Court St, Elko, NV, 89801
About This Home
Welcome to a premier investment opportunity in Elko, NV! This exceptional triplex offers the perfect blend of immediate financial performance and long-term stability. Generating a strong 7% cap rate, this property is fully occupied by seasoned tenants with established leases, offering a seamless transition of ownership and instant cash flow on day one.The real standout feature of this property is its condition. Meticulously maintained and beautifully cared for, the pride of ownership shines through in every corner. The smart unit mix caters to a wide pool of local renters: it features two comfortable 1-bedroom, 1-bathroom units, alongside a highly desirable 2-bedroom, 1-bathroom layout complete with a versatile flex space that easily adapts to a tenant's needs.Whether you are looking to expand your existing portfolio or capitalize on a reliable, passive income generator in a resilient market, this turn-key triplex is ready for you. Opportunities this clean and profitable are few and far between. Reach out today to review the financial financials and book your viewing!
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1916
Materials
- Foundation: Poured
- Roof: Asphalt
- Construction materials: Block,Concrete,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Multi-Level,Triplex
- Property subType: Triplex,Multi Family,Multi Family
Interior
Appliances
- Appliances included: Dryer,Electric Oven,Electric Range,Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Washer
- Laundry features: Washer Hookup,Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Features
- Bay Window,Ceiling Fan(s),Walk-In Closet(s)
- Window features: Bay Window(s)
- Flooring: Carpet,Laminate
Heating & Cooling
- Heating features: Has Heating (Unspecified Type)
- Cooling features: Window Unit(s)
Interior Area
- Total interior livable area: 3,737 sqft
Property
Details
- Parcel number: 001214002
- Zoning description: ZR
Features
- Levels: Multi/Split
- Patio & porch: Covered,Deck
- Exterior features: Deck,Landscaping
Lot
- Lot size: 6,011 sqft
- Features: Sprinklers Manual
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
- Wildfire
- 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 | $2,907 | $34,884 |
| Home Insurance | $170 | $2,040 |
| Property Taxes | $268 | $3,216 |
| Electricity | $348 | $4,184 |
| Total | $3,693 | $44,316 |
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 |
|---|---|---|
| 2026-06-03 | Listed for sale | $575,000 |
| 2024-08-22 | Sold | $480,000 |
| 2024-07-25 | Pending sale | $485,000 |
| 2024-07-19 | Listed for sale | $485,000 |
| 2018-06-21 | Listing removed | $281,000 |
| 2018-06-20 | Sold | $272,000 |
| 2017-09-28 | Price change | $281,000 |
| 2017-07-08 | Listed for sale | $285,900 |
| 2010-04-23 | Sold | $125,000 |
View on Zillow