Rare income-producing opportunity offering a 8.7% cap rate in Elko's desirable Tree Streets! Situated on a corner lot with classic brick exterior, this versatile duplex offers flexibility for investors, owner-occupants, or multigenerational living. The upper unit features 5 bedrooms, 2.5 bathrooms, and 2,037 square feet of living space and is currently tenant occupied, providing immediate rental income. The lower unit offers 2 bedrooms, 1 bathroom, 1,491 square feet, and has been completely updated and is currently operating as a furnished short-term rental. Whether you're looking to expand your investment portfolio, offset your mortgage through rental income, or accommodate extended family, this property presents a unique opportunity in one of Elko's most established neighborhoods. Conveniently located, 931 1st Street combines location, flexibility, and income potential all in one property. Don't miss your chance to own a property that offers multiple avenues for return and long-term value. POF or pre-qualification required for all showings.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Listed For Sale MultiFamily | $525,000 | $149 | Allie Bear Real Estate |
| Year | Annual Amount | Description |
|---|---|---|
| $1,503 |
Elementary School Mound Valley Elementary School | 0.3 miles away | KG - 07 | |
Elementary School Elko Grammar School #2 | 0.4 miles away | KG - 06 | |
Elementary School Northside Elementary School | 0.5 miles away | PK - 07 |