$1,350,000 Active
4240 Sherman Lane
Carson City, NV 89706
STR Status Unknown
8 Beds
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About This Property

The Sherman Four Plex in Carson City, NV is a unique opportunity to acquire to contiguous duplex buildings in one transaction. The 4-plex offers all 2 bedroom 2 bathroom units, secured 2 car garage parking for each unit, in unit laundry hookups, and fenced yards. All these are very attractive features for potential tenants and the current rents are below market leaving upside to the next Buyer. Each duplex is on its own APN and the legal addresses are 4240 & 4264 Sherman Lane. Carson City is a popular rental submarket and is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many residences and visitors seeking both employment, recreation and business.

Listed by Angela Beard — RE/MAX Gold

Listing Details

Status Active
MLS # 260010400

Property History

Aug 12, 2026
Listed for sale
$1,350,000
Property Overview
Beds 8
Lot Size 0.38 acres
Stories 1
Year Built 1992
Property Type Quadruplex
Subdivision Empire Terrace
APN 008-795-31
Parking
Total Parking 8
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped
Construction Frame, Wood Siding
Roof Composition, Pitched, Shingle
Foundation Slab, Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Evaporative Cooling
Financial
Annual Tax $3,046
Schools
Elementary School Mark Twain
Middle School Eagle Valley
High School Carson
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($270,000)
Home price
$1,350,000
Loan details
30-yr fixed, 6.5%
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