$605,000 Active
417 Wheeler Avenue
Reno, NV 89502

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STR Status Unknown
3 Beds
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Our data on this home

About This Property

This is your opportunity to own a beautifully remodeled duplex in the heart of Midtown! This property blends the charm and character of Midtown with the comfort and appeal of extensive modern updates. Both units have been thoughtfully refreshed with fresh interior and exterior paint, refinished hardwood floors, new carpet and LVP, and new appliances, countertops, cabinetry, window coverings, and then some. Major improvements include all-new electrical, including two new panels, along with a brand new water heater in each unit. The roof was replaced in 2023, adding further value and peace of mind. While the renovations bring a fresh, updated feel throughout, the property retains the distinctive Midtown charm that makes this area so desirable. Whether you're an investor seeking a rental income opportunity or an owner-occupant looking to live in one unit while renting the other, this versatile duplex offers exceptional potential in one of Reno's most recognizable neighborhoods.

Listed by Jordan Becker — Real Broker LLC

Listing Details

Status Active
MLS # 260013436

Property History

Oct 22, 2026
Listed for sale
$605,000
Property Overview
Beds 3
Lot Size 0.10 acres
Stories 1
Year Built 1916
Property Type Duplex
Subdivision Wells Addition
APN 013-012-07
Parking
Total Parking 2
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Landscaped, Level
Construction Batts Insulation, Blown-In Insulation, Concrete
Roof Composition, Shingle
Foundation Wood
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Oil
Financial
Annual Tax $1,088
Schools
Elementary School Booth
Middle School Vaughn
High School Wooster
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$1,200 – $1,800/yr
about $125/mo
Est. Rebuild Cost (Coverage A)
$363,000

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$3,275 per month
Principal & interest
$3,059/mo
Property taxes
$91/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$125/mo
Estimated ~$1,200–$1,800/yr — get a local broker quote for accuracy.
Down payment
20% ($121,000)
Home price
$605,000
Loan details
30-yr fixed, 6.5%
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