$10,000 Closing Credit¹
#250000208, J J Ballard, Listing Office: Ballard Realty, Inc.
$1,800,000 List price
250 W Commercial Row Reno, NV 89501
$10,000
Closing credit¹
0.1 acres
Multi-Family
Property details
About 250 W Commercial Row
Seller financing is available, and seller would prefer to sell as a portfolio with Sparks Studios (2150 Victorian Ave). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%. Welcome to The Townsite Motel in Reno, NV, an excellent investment opportunity located adjacent to the brand new J Resort and the revitalized Neon Light District. The motel offers 14 units, each thoughtfully designed to accommodate short-term rentals.
Highlights
Home typeMulti Family
HeatingNatural Gas, Wall Furnace
StatusActive
(ACTIVE)
(ACTIVE)
CoolingEvaporative Cooling
Lot size0.12 Acres
Year built1959
ParkingCommon
MLS #240008176
Summary
- MLS Number: 240008176
- Office Name: Address Income
- Office Phone: (775) 233-0754
- Listing Agent: Trevor Richardson
Copyright © 2025 Northern Nevada Regional MLS. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 6:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,800,000
250 W Commercial Row
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 16, 2022 | Home Sold | $1,050,000 |
| Nov 06, 1995 | Home Sold | $178,000 |
| Sep 11, 1995 | Home Sold | $295,000 |
| Jan 30, 1990 | Home Sold | $387,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $86,835 | $3,219 |
| 2022 | $69,177 | $2,966 |
| 2021 | $65,609 | $2,802 |
| 2020 | $65,606 | $2,802 |
| 2019 | $60,133 | $2,544 |
| 2018 | $56,801 | $2,416 |
| 2017 | $55,519 | $2,415 |
History based on county public records data.
Nearby schools
9
Mount Rose Elementary School
Public District KG-5
0.8 mi
•915 Lander St
8
Coral Academy Elementary School
Public Charter KG-4
1.2 mi
•1701 Valley Rd
4
Libby C. Booth Elementary School
Public District KG-5
1.3 mi
•1450 Stewart St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,378. The majority of Reno, NV residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
82%
<35k
16%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
86%
Single, No Kids
5%
Single, with Kids
7%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
2%
12-17 yrs old
16%
18-34 yrs old
63%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
Yoga/pilates
Where do the neighbors shop?
Family Dollar
H&M
Chico's
Where do the neighbors go to eat?
Burger King
Church's Chicken
Dominos Pizza
What do the neighbors drive?
Buick
Cadillac
Audi
What do the neighbors listen to?
Urban Contemporary
Jazz
Alternative
All data provided by Home Junction and Claritas
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This home is located at 250 W Commercial Row in Reno, NV and zip code 89501 in the Downtown Reno Regional Center neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 29, 2024 and is currently priced at $1,800,000.
In February 2025 more than 48 listings in Reno, NV were sold above the asking price. During the same period more than 64 listings were sold at asking price, while more than 122 were sold below. In February 2025 in Reno, NV there were 5.5% more homes for sale than in January. In February 2025, listings were on the market for 102 days. During the same period, the median list price in this real estate market was $578,852.
From Rocket Homes Real Estate and based on county public records data.