134 E Arroyo St #154-E, Reno, NV 89502

Two charming bungalows, one unbeatable opportunity! Located near the vibrant Wells Avenue district and just minutes from Midtown and Downtown Reno, this rare property features two free-standing Craftsman-style homes on a single lot—each with its own private fenced yard and timeless curb appeal. Perfectly positioned for both investors and owner-occupants, this gem offers flexibility and function. One home is a cozy 1 bed, 1 bath cottage, while the other is a 2 bed, 1 bath residence with original wood floors and a full basement ideal for storage, creative space, or future expansion. Both units transfer with all appliances—even laundry. Step outside and you'll fall in love with the beautifully landscaped front yard —an ideal spot to soak in Reno sunsets and unwind in style. Pride of ownership shines throughout, with thoughtful upgrades including a sewer line replacement (less than 10 years ago) and a ducted heat pump cooling system in 134 E Arroyo. With General Commercial zoning, this property opens the door to a wide array of future uses—from mixed-use development to continued multifamily income. Currently estimated to generate 36,000/year in long-term rental income at a 5.5 cap rate, it's a smart, stable investment with low overhead. Also great for short-term rental potential or a house-hacker looking to live in one unit and rent the other! Multiple units, an excellent location, and a price that makes sense—don't let this rare Midtown-area find slip through your fingers!