About This Home

This 4-bedroom, 2-bathroom multi-family at 1196 Virbel Lane in Reno, NV is listed for $575,000 ($319 per sqft). Built in 1963, the home offers 1,800 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1963
  • 0.18 acre lot
  • 4 parking spaces

Property Details

1 story
2 full
4 spaces
1963
Listing 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.

Monthly Cost Estimate

$3,075/mo

20% down · 6.5% · 30 years

Principal$416
Interest$2,492
Insurance$168

Estimates only. Actual payments may vary.

Location

1196 Virbel Lane

Reno, NV 89502

Features & Amenities

Interior Features

Ceiling Fan(s)

Property Details

Flooring

LaminateCarpet

Construction

Wood Siding

Outdoor Features

Patio

Heating

Wall Furnace

Appliances

DishwasherElectric OvenElectric RangeMicrowave

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 1196 Virbel Lane is listed at $575,000 ($319/sqft). The estimated monthly payment is $3,076 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1963, 0.18 acre lot, 4 parking spaces. Interior Features: Ceiling Fan(s).

This property is listed by Miranda Vaulet.

MV

Miranda Vaulet

License S.63604

Agent at RE/MAX Professionals

Listed by RE/MAX Professionals · Broker phone: (775) 345-3070 · View on Broker Site · Broker website

MLS# 260011879· Source: Northern Nevada Regional MLS, Inc.· 46 days on PropertySimple

Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1196 Virbel Lane, Reno, NV 89502

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