For sale

$565,000

Est. $3,296/mo —

•

3 ba

•

3,737

sq ft

116 Court St, Elko, NV 89801

About this home

Welcome to a premier investment opportunity in Elko, NV! This exceptional triplex offers the perfect blend of immediate financial performance and long-term stability. This property is fully occupied by seasoned tenants with established leases, offering a seamless transition of ownership and instant cash flow on day one. The real standout feature of this property is its condition. Meticulously maintained and beautifully cared for, the pride of ownership shines through in every corner. The smart unit mix caters to a wide pool of local renters: it features two comfortable 1-bedroom, 1-bathroom units, alongside a highly desirable 2-bedroom, 1-bathroom layout complete with a versatile flex space that easily adapts to a tenant's needs. Whether you are looking to expand your existing portfolio or capitalize on a reliable, passive income generator in a resilient market, this turn-key triplex is ready for you. Opportunities this clean and profitable are few and far between. Reach out today to review the financial financials and book your viewing!

Multi-familyProperty Type

1916Year Built

6,011 sq ftLot Size

$151Price/Sq.Ft.

Listed by Jessica Larsen •DRE #B.146108 • Presidio Real Estate West

Contact: (775) 777-4217

Listing updated: Oct 22, 2026 at 12:11pm

Redfin checked: a minute ago

•Source:ECRMLS #3627948

Payment calculator

$3,296 per month

Principal and interest$3,045

Property taxes

$137

HOA dues

Home insurance

$113

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Northside Elementary School

Public PreK-4 • Assigned • 0.7mi

3/10

Adobe Middle School

Public 7-8 • Assigned • 2.1mi

4/10

Elko High School

Public 9-12 • Assigned • 0.7mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

116 Court St · $565,000

LIST PRICE

Median list price in this area is $698,606. (24% higher than this home)

PRICE DROP

28% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Ceiling fans
Walk-in closets
Bay windows

Kitchen
Electric oven and range
Gas oven and range
Refrigerator

Laundry & utility
Washer hookup
Washer
Dryer
Gas water heater

Flooring
Carpet
Laminate

Heating & cooling
Has heating
Ceiling fans for cooling
Window cooling units

Sale and tax history for 116 Court St

Sale History
Tax History

Date

Event

Price

ECRMLS #3627948

Sep 9, 2026

Price Changed

$565,000

$151/sq ft

Jun 3, 2026

Listed

$575,000

$154/sq ft

ECRMLS #3625112

Aug 22, 2024

Sold

$480,000

$128/sq ft

Jul 24, 2024

Pending

—

Jul 19, 2024

Listed

$485,000

$130/sq ft

+43

Discover a lucrative opportunity at 116 Court Street, Elko-a triplex multi-family property designed for investors or owner-occupants seeking passive income. This versatile asset boasts a robust 7.5% cap rate with minimal vacancy, making it a stable investment choice. The front unit has been fully remodeled, ensuring tenant satisfaction and reducing maintenance needs. Whether you choose to live in one unit and rent out the others or leverage all three units for rental income, this property offers flexibility and potential for financial growth. Conveniently located close to amenities and schools, 116 Court Street provides easy access to daily essentials and community resources. Its strategic positioning enhances rental appeal, ensuring a steady flow of income. Whether you're looking to diversify your investment portfolio or capitalize on Elko's growing rental market, this property presents a compelling opportunity. Schedule your showing today and seize the chance to earn reliable returns in one of Elko's most promising real estate prospects.

NNRMLS #170009860

Jun 20, 2018

Sold

$272,000

$73/sq ft

Jul 6, 2017

Listed

$281,000

$75/sq ft

Are you kidding me? A TREE Street triplex for sale in the heart of Elko! Properties like this don't come along often! Great Price! Prime Location! This Multi Family Opportunity has a shared back yard with picnic area; shade and great views of downtown Elko. New roof on shed and building in 2014. Replace sewer line in 2010. Newly installed sprinkler system to help keep the beauty! Beautiful and Quiet Area!, Apt#1 3 bedroom 1 bath; Remodeled w/ paint & carpet, new fridge, new windows, stove and storm door. Apt#2 1 bedroom 1 bath; New paint, new windows, heater, flooring and carpet. Apt#3 1 bedroom 1 bath; New fridge, bathroom, carpet and heater.

Public Records

Apr 23, 2010

Sold

$125,000

$33/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$1,648 (+5.7%)

$15,050 + $35,595

$50,645

2024

$1,559 (+14.4%)

$7,350 + $36,319

$43,669

2023

$1,363 (+8.0%)

$7,350 + $31,389

$38,739

2022

$1,262 (+4.7%)

$7,350 + $27,076

$34,426

2021

$1,206 (+5.7%)

$7,350 + $26,019

$33,369

2020

$1,141 (+3.6%)

$7,350 + $26,215

$33,565

2019

$1,101 (+1.3%)

$7,350 + $24,251

$31,601

2018

$1,087 (+3.7%)

$7,350 + $23,835

$31,185

2017

$1,048 (+3.0%)

$7,350 + $22,720

$30,070

2016

$1,017 (+6.4%)

$7,350 + $22,657

$30,007

2014

$956

$7,350 + $21,136

$28,486

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,011 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

1,607

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,607

Year built

1916

Style

Other

County

Elko County

APN

001214002

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 16, 2026.

Single-Family and Multiple-Family Residential District

The purpose of the R zoning district is to provide for a mixture and diversity of housing types for both single-family and multi-family residential development where such development is desirable, and limited institutional, office and neighborhood service type uses where appropriate, and to preclude land uses that would be detrimental to a mixed and varied residential environment.

Permitted uses

Include but are not limited to:

Community / recreation center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Waste transfer station
Park & open space

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

9/10 Fire Factor

52% chance of being in a wildfire in next 30 years

4/10 Heat Factor

7 days above 92° expected this year, 20 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Elko, NV • 89801

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 116 Court St

$548,037

$17K under list price of $565K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $365K to $698K.

SOLD SEP 9, 2026
$400,000 Last sold price
5 beds3 baths2,688 sq ft
880 Nevada Cir, Elko, NV 89801
$2/sq ft
larger lot
56 years newer
SOLD SEP 18, 2026
$489,000 Last sold price
5 beds3 baths2,372 sq ft
2618 Platinum Dr, Elko, NV 89801
$55/sq ft
smaller lot
108 years newer
SOLD OCT 27, 2026
$530,000 Last sold price
6 beds3.5 baths3,000 sq ft
2110 Sierra Cir, Elko, NV 89801
$26/sq ft
larger lot
72 years newer
SOLD OCT 23, 2026
$697,900 Last sold price
5 beds3 baths3,121 sq ft
2966 Eleanor Ct, Elko, NV 89815
$73/sq ft
larger lot
109 years newer
SOLD JUL 10, 2026
$545,000 Last sold price
5 beds3.5 baths3,711 sq ft
2086 Russell Dr, Elko, NV 89801
$4/sq ft
larger lot
80 years newer
SOLD SEP 28, 2026
$365,000 Last sold price
3 beds2.5 baths1,687 sq ft
430 Walnut St, Elko, NV 89801
$65/sq ft
smaller lot
50 years newer

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Details provided by ECRMLS and may not match the public record. Learn more.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (2)

Interested in buying?

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 116 Court St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 116 Court St

Early Access listings

Nearby similar homes

New listings for sale in 89801

More real estate resources