$590,000
( $43.15Per Sq Foot )
 $3,350 est/mo Sourced by Back At You

340 6th Street,Wells, NV 89801

Wells, NV 89801

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Description

A rare value-add multifamily investment opportunity in Wells, Nevada. This 33-unit Motel, which has been converted to studio units, offers immediate cash flow with significant upside potential through lease-up of currently vacant units. This property presents a compelling value-add opportunity for an investor to reposition and stabilize occupancy. At current in-place rents, the property generates a strong going-in cap rate, with substantial upside as remaining units are leased. The CAP rate is 9.5% with an NOI of $61,750.00.

Details

MLS #3628105
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1972
Days On Site56
Listing Provided ByRobinhood Realty Elko LLC | Tony Odeh

Features

Bath(s)10
SQ Feet13,672
BasementY
ZoningC

Interior

Cooling Yes / NoYes
CoolingRooftop, Window Units
Heating Yes / NoYes
HeatingSpace Heater, Wall Furnace

Exterior

RoofMembrane, Tar Gravel
Construction MaterialsBrick
Foundation DetailsCrawlspace, Slab

Location

Community FeaturesCurbs, Gutters

Other

List AorElko County Association Of Realtors

Taxes

Property6270

Area Information

StateNV
CountyElko
CityWells
Zip Code89801
AreaWells Area
SubareaWells
Community NameZX Other/None
Listing VS Median (in ZX Other/None)
Price:
$590,000
low | high
Med:
$369,900
87.305084745763% of Average
sqft:
13,672
low | high
Med:
1,241
100% of Average
$ / sqft:
$43
low | high
Med:
$298
100% of Average
On site:
56
low | high
Med:
275
20.363636363636% of Average
Sourced by Back At You

Market Activity 89801

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Coldwell Banker Excel

Coldwell Banker Excel

 (775) 738-4078info@cbelko.com
StateNV
CountyElko
CityWells
Zip Code89801
AreaWells Area
SubareaWells
Community NameZX Other/None
Listing VS Median (in ZX Other/None)
Price:
$590,000
low | high
Med:
$369,900
87.305084745763% of Average
sqft:
13,672
low | high
Med:
1,241
100% of Average
$ / sqft:
$43
low | high
Med:
$298
100% of Average
On site:
56
low | high
Med:
275
20.363636363636% of Average
Sourced by Back At You
Listing Updated: July 31, 2026 at 11:48:53 AM PDT
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