OFF MARKET

Off market jun 2023 for $1M

—

Est. refi paymentEst. refi $6,747/mo

•

3 ba

•

5,640

sq ft

1446 Model Way, Reno, NV 89502

About this home

Profitable and well cared for 7-plex in a desirable Reno location! All units were totally updated around 2004 including kitchens, bathrooms, and tile floors. The apartment building contains 6 - 2 bedroom / 1 bath units with lots of storage space and a coin-operated laundromat common area. The home on the property is a 3 bedroom, 2 bathroom and was also completed updated around 2004. The oversized 2-car garage is a divided space and is separately rented for additional income. Gross scheduled income is approximately $74,600 and recurring annual expenses (insurance, taxes, and owner paid utilities) are approximately $20,265.

Multi-familyProperty Type

1944Year Built

0.33 acresLot Size

$182Price/Sq.Ft.

14 spacesParking

Listed by Cole Mizak • Compass

Bought with Brent Vaulet • RE/MAX Professionals-Reno

Redfin checked: 2 minutes ago

•Source:NNRMLS #230006120

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 89502, NV

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.6%

0.4% MoM

Median sale price

$438K

$7K MoM

Avg. days on market

49d

2 days MoM

Recently sold homes

18 MoM

New listings for sale

NEW 54 MINS AGO
$144,900
1 bed1 bath644 sq ft
4606 Neil Rd Apt 200, Reno, NV 89502
OPEN SAT, 12PM TO 2PM
$605,000
3 beds2 baths1,352 sq ft
417 Wheeler Ave, Reno, NV 89502
OPEN SAT, 12PM TO 2PM
$300,000
2 beds2 baths821 sq ft
4845 Reggie Rd, Reno, NV 89502
$300,000
2 beds1 bath800 sq ft
729 Balzar Cir, Reno, NV 89502
$300,000
2 beds1 bath891 sq ft
727 Balzar Cir, Reno, NV 89502
$549,500
— beds1 bath696 sq ft
243 Claremont St, Reno, NV 89502
$660,000
3 beds2 baths1,540 sq ft
5665 Pelham Dr, Reno, NV 89502
$239,999
2 beds2 baths1,001 sq ft
2213 Kietzke Ln Unit H, Reno, NV 89502
OPEN SAT, 11AM TO 2PM
$1,090,000
3 beds2 baths2,004 sq ft
1935 Alphabet Dr, Reno, NV 89502
OPEN SAT, 11AM TO 1PM
$345,000
2 beds1 bath704 sq ft
831 Ryland St, Reno, NV 89502
See all

Provided by Redfin

Sale history for 1446 Model Way

Date

Event

Price

NNRMLS #230006120

Jun 27, 2023

Sold

$1,025,000

$182/sq ft

Jun 11, 2023

Contingent

—

Jun 8, 2023

Listed

$1,100,000

$195/sq ft

NNRMLS #130008315

Jul 7, 2014

Listing Removed

—

Jul 8, 2013

Listed

$495,000

$88/sq ft

NNRMLS #70011507

Jan 1, 2008

Listing Removed

—

May 30, 2007

Listed

$745,000

$132/sq ft

NNRMLS #40014207

Jan 3, 2005

Sold

$615,000

$109/sq ft

Nov 9, 2004

Listing Removed

—

Sep 11, 2004

Listed

$630,000

$112/sq ft

NNRMLS #30006647

May 1, 2004

Listing Removed

—

Oct 6, 2003

Listed

$635,000

$113/sq ft

NNRMLS #30004761

Sep 1, 2003

Listed

$625,000

$111/sq ft

Aug 28, 2003

Listing Removed

—

Public Records

Nov 26, 1997

Sold

$250,000

$44/sq ft

NNRMLS #9709786

Dec 1, 1997

Listing Removed

—

Oct 19, 1997

Listed

$268,000

$48/sq ft

Public Records

Oct 1, 1978

Sold

$45,950

$8/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,606 (+2.8%)

$66,150 + $75,946

$142,096

2024

$3,507 (+2.7%)

$65,625 + $77,877

$143,502

2023

$3,414 (+3.0%)

$65,625 + $81,127

$146,752

2022

$3,313 (+2.8%)

$65,625 + $74,371

$139,996

2021

$3,223 (+3.2%)

$57,750 + $62,545

$120,295

2020

$3,122 (+5.0%)

$38,500 + $64,517

$103,017

2019

$2,974 (+2.9%)

$35,560 + $66,764

$102,324

2018

$2,892 (+2.5%)

$34,825 + $64,029

$98,854

2017

$2,822 (+3.1%)

$29,400 + $64,354

$93,754

2016

$2,737

$27,440 + $65,716

$93,156

2015

$2,736 (+0.7%)

$24,500 + $67,388

$91,888

2014

$2,716

$22,050 + $68,892

$90,942

Tax history for 1446 Model Way

Year

Property tax

Land + Additions

Assessment*

2025

$3,606 (+2.8%)

$66,150 + $75,946

$142,096

2024

$3,507 (+2.7%)

$65,625 + $77,877

$143,502

2023

$3,414 (+3.0%)

$65,625 + $81,127

$146,752

2022

$3,313 (+2.8%)

$65,625 + $74,371

$139,996

2021

$3,223 (+3.2%)

$57,750 + $62,545

$120,295

2020

$3,122 (+5.0%)

$38,500 + $64,517

$103,017

2019

$2,974 (+2.9%)

$35,560 + $66,764

$102,324

2018

$2,892 (+2.5%)

$34,825 + $64,029

$98,854

2017

$2,822 (+3.1%)

$29,400 + $64,354

$93,754

2016

$2,737

$27,440 + $65,716

$93,156

2015

$2,736 (+0.7%)

$24,500 + $67,388

$91,888

2014

$2,716

$22,050 + $68,892

$90,942

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.33 Acres

Year renovated

1944

Sq. Ft.

840

Year built

1944

Style

Multi-Family (5+ Unit)

County

Washoe County

APN

020-342-07

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 8, 2026.

MF-30

Multi-Family Residential District

The MF-30 district is intended to provide multi-family residential development and limited commercial and retail uses. Secondary uses include duplexes, triplexes, fourplexes, townhomes, single-family residential uses, parks, and schools. Additional district standards ensure that amenities such as open space are provided to offset the increases residential densities. This district is appropriate adjacent to other multifamily, single-family Urban Districts, and Employment Districts.

Zone overlays

Airport Noise Exposure Overlay District

Permitted uses

Include but are not limited to:

Day care facility
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Housing-Mobile home park

Dec 2, 2025 • Active

Ez sewer line replacement - commercial

Replace the exterior sewer line on private property. This work includes the installation of new piping.

Plumbing

Feb 2, 2022 • Final

Commercial electrical

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking/Garage Information
Parking Types: Common, Garage
Parking Capacity per Unit: 2
Total Parking Capacity: 14

Interior

Room Information
Laundry: Separate

Interior Features
Appliances: Disposal, Dryer, Dishwasher, Microwave, Oven/Range, Refrigerator, Varies by Unit, Washer
Facility Features: Master Meter (Water), Separated Meters (Electric), Separated Meters (Gas), Tenant Pays Utilities
Flooring: Ceramic Tile, Carpet
Windows: Double Pane, Single Pane, Varies by Unit

Heating/Cooling
Forced Air, Natural Gas

Green Features
Double Pane Windows

Multi-Unit Information
Complex Name: Model Way Apartments
# of Units: 7
Net Operating Income: $50,986.64
Income Info: No
Common Features: BBQ/Picnic Area

2-Bedroom Unit Information
# of Baths: 1
# of Units: 6
Sq. Ft./Unit: 800

3-Bedroom Unit Information
# of Baths: 2
# of Units: 1
Sq. Ft./Unit: 840

Exterior

Building Information
Exterior: Wood Siding
# of Buildings: 2
Construction: Frame
Foundation: Concrete Slab

Unit Information
Unit Features: Blinds/Shades, Smoke Detector

Property Features
Roof: Composition/Shingle, Flat, Membrane, Pitched

Property Information
Source of Sq. Ft.: Assessor
For Sale
For Sale
Sliding Scale: No

Lot Information
Access Type: Public

Financial

Taxes & Assessment Information
Taxes: $3,313.25

Lease Information
Current Lease: Leases

Utilities

Utility Information
Individually Metered
Utilities: City/County Water, City Sewer, DSL Available, Electricity, Natural Gas
Water Heater: Natural Gas

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 840
Stories: 1.0
Lot Size: 0.33 acres
Style: Multi-Family (5+ Unit)
Year Built: 1944
Year Renovated: 1944
County: Washoe County
APN: 020-342-07

Home facts updated by county records on Oct 8, 2026

Other

Listing Information
Cross-Street/Directions: Neil Road

Around this home

Schools

Smithridge Elementary School

Public PreK-5 • Assigned • 0.5mi

4/10

Edward L Pine Middle School

Public 6-8 • Assigned • 0.5mi

1/10

Damonte Ranch High School

Public 9-12 • Assigned • 5.6mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

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

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 94° expected this year, 18 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

15 unhealthy days expected this year, 18 days in 30 years

Provided by First Street

Historical weather

Reno, NV • 89502

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 12.8 hours in June and 5.8 hours in December, placing it above the U.S. average for solar exposure.

12.8 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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NEW 54 MINS AGO

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243 Claremont St, Reno, NV 89502

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Home values near 1446 Model Way

Data from public records.

Address	Redfin Estimate
1470 Model Way, Reno, NV 3 Beds \| 1 Baths \| 1031 Sq. Ft.	$427,213
1510 Model Way, Reno, NV 3 Beds \| 1 Baths \| 1031 Sq. Ft.	$424,969

Address	Redfin Estimate
1530 Model Way, Reno, NV 3 Beds \| 1 Baths \| 1218 Sq. Ft.	$390,807
4060 Neil Rd, Reno, NV 4 Beds \| 3 Baths \| 1632 Sq. Ft.	$418,224

Address	Redfin Estimate
1490 Model Way, Reno, NV 3 Beds \| 1 Baths \| 2504 Sq. Ft.	$469,602
4170 Neil Rd Apartment 15UNITS, Reno, NV 33 Beds \| 4 Baths \| 15650 Sq. Ft.	—

Property information provided by NNRMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 89502, NV

Sale history for 1446 Model Way

Tax history for 1446 Model Way

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 89502

Home values near 1446 Model Way

More real estate resources