New Listing
$575,000
 $3,265 est/mo Sourced by Back At You

1196 Virbel Lane,Reno, NV 89502

Reno, NV 89502

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Description

An exceptional turnkey duplex offering spacious residences, desirable amenities, and a fresh renovation! This well maintained property features two large 2 bedroom, 1 bathroom units, each complete with its own washer and dryer and private backyard. With a long history of strong rental demand, consistent occupancy, and reliable cash flow, this is an exciting opportunity for investors and owner occupants alike. Unit 1196 has been newly renovated and showcases sleek luxury vinyl plank flooring, fresh interior paint, new carpet, upgraded light fixtures, and a beautifully remodeled bathroom. The bathroom features a striking tile shower, tile flooring, new toilet, and a stylish new vanity, creating a fresh and contemporary feel throughout the residence. Both units offer generously sized floor plans and the added convenience of private in unit laundry. Each residence also enjoys its own spacious and private backyard, providing an amenity that is increasingly difficult to find in a duplex setting. The property also features a new water heater. With a proven history of stability, very strong tenant demand, and very limited vacancy, this property is truly turnkey and positioned for a seamless transition to its next owner. Conveniently located with easy access throughout Reno, this is a compelling opportunity to acquire a quality income-producing property with an established track record.

Details

MLS #260011879
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1963
Days On Site5
Listing Provided ByRE/MAX Professionals-Reno | Miranda Vaulet

Features

Bed(s)4
Bath(s)2
SQ Feet1,800
Story(s)1
Units2
Building(s)1
ZoningMf30
Acreage0.18

Interior

HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
Window FeaturesVinyl Frames
Interior FeaturesCeiling Fan(s)
AppliancesDishwasher, Electric Oven, Electric Range, Microwave
Fireplace Yes / NoNo

Exterior

RoofComposition
Exterior FeaturesNone
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Lot FeaturesOther
Construction MaterialsWood Siding
Foundation DetailsCrawl Space
FencingBack Yard

Parking

Parking FeaturesCommon
Attached Garage Yes / NoNo

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Water Meter Installed
SewerPublic Sewer

Location

Senior Community Yes / NoNo

Taxes

Property1129

Area Information

StateNV
CountyWashoe
CityReno
Zip Code89502
AreaWashoe
School DistrictDamonte
Elementary SchoolSmithridge
High SchoolDamonte
Listing VS Median (in 89502)
Price:
$575,000
low | high
Med:
$440,000
73.478260869565% of Average
sqft:
1,800
low | high
Med:
902
99.888888888889% of Average
$ / sqft:
$319
low | high
Med:
$495
4.842535659665% of Average
On site:
5
low | high
Med:
65.5
7.63358778626% of Average
Sourced by Back At You

Market Activity 89502

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Learn More About This Property

StateNV
CountyWashoe
CityReno
Zip Code89502
AreaWashoe
School DistrictDamonte
Elementary SchoolSmithridge
High SchoolDamonte
Listing VS Median (in 89502)
Price:
$575,000
low | high
Med:
$440,000
73.478260869565% of Average
sqft:
1,800
low | high
Med:
902
99.888888888889% of Average
$ / sqft:
$319
low | high
Med:
$495
4.842535659665% of Average
On site:
5
low | high
Med:
65.5
7.63358778626% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $431K - $718K
sqft: 1,000 - 2,000
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1317 Powell Lane Property Photo 1
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1317 Powell Lane
Reno, NV 89502
1319 Powell Lane Property Photo 1
$2,000
1319 Powell Lane
Reno, NV 89502
Listing Updated: September 15, 2026 at 7:05:13 AM PDT
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