261 & 263 Thoma Street is an exceptional duplex nestled in the heart of MidTown in Reno. This newer construction multifamily asset presents an outstanding stabilized investment opportunity. With its prime location in MidTown Reno, these easy to rent units offer direct access to restaurants, arts and culture events, shopping, and main thoroughfares. Take advantage of all that Reno MidTown urban living has to offer., The downstairs features a beautiful kitchen with polished concrete floors, a quaint office nook and guest bath. The upstairs master suite takes up the entire 2nd level and overlooks a portion of the downstairs area. This asset has one leased unit at $1,775 and one vacant unit to select your own tenant or have an owner occupant opportunity in one of the units. Owner occupant buyer could qualify for a low-down payment owner occupant loan on this asset. This asset can be purchased with the duplex at 265 Thoma as a portfolio sale. Do not disturb the tenants.
Closed
$725,000
261 & 263 Thoma St, Reno, NV 89502
--beds
0baths
1,240sqft
Multi Family
Built in 2018
-- sqft lot
$750,600 Zestimate®
$585/sqft
$2,042 Estimated rent
Home value
$750,600
$691,000 - $818,000
$2,042/mo
Zestimate® history
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$2,042/mo
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$3,331/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: May 13, 2025 at 02:06pm
Listed by:
Austyn Jordan S.186531 775-600-7264,
LPT Realty, LLC
Bought with:
Winston Chapman, S.192490
Dickson Realty - Caughlin
Source: NNRMLS,MLS#: 230010677
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Refrigerated
Appliances
- Included: Oven, Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
- Laundry: In Unit, Varies By Unit
Features
- Flooring: Concrete, Laminate
- Windows: Blinds, Double Pane Windows
Interior area
- Total structure area: 1,240
- Total interior livable area: 1,240 sqft
Property
Parking
- Total spaces: 3
- Parking features: Common
Features
- Stories: 2
- Patio & porch: Patio, Deck
- Exterior features: Balcony
- Fencing: Back Yard
Lot
- Size: 3,484 sqft
- Features: Landscaped, Sprinklers In Front, Sprinklers In Rear
Details
- Parcel number: 01309225
- Zoning: Mf30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Location
- Region: Reno
- Subdivision: Wells Addition
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/30/2023 | Sold | $725,000-9.3%$585/sqft |
Source:  NNRMLS #230010677 Report a problem | ||
| 10/31/2023 | Pending sale | $799,000$644/sqft |
Source: NNRMLS #230010677 Report a problem | ||
| 9/12/2023 | Listed for sale | $799,000$644/sqft |
Source: NNRMLS #230010677 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: East Reno
Nearby schools
GreatSchools rating
- 1/10Libby C Booth Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10E Otis Vaughn Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Earl Wooster High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Booth
- Middle: Vaughn
- High: Wooster
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$750,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$750,600
- Nevada
- Washoe County
- Reno
- 89502
- East Reno
- 261 & 263 Thoma St