$620,000 Active Under Contract
79 N C Street
Virginia City, NV 89440
STR Status Unknown
2 Beds
·

About This Property

Now is your chance to own a piece of iconic Downtown Virginia City! Brimming with the characteristic charm of the historic structures that surround, this mixed-use property is an investment opportunity you won't want to miss. Featuring a 2-story floorplan with a combined 2880 sq ft of interior area, this property boasts a commercial space on the primary level with two separate apartments above. In keeping with the traditional aesthetic of the Comstock region, the exterior of the property showcases a traditional wood plank sidewalk, Italianate cornices, overhanging porch, and a recessed center entrance flanked by two large bay windows. Currently operating as a retail store front, the spacious main floor has an open layout with beautiful wood floors and an incredible number of options for use as you see fit. Head upstairs to find the two currently occupied apartments, each offering a 1-bed, 1-bath setup with 720 sq ft of individual, private living space - an ideal prospect for a live/work arrangement or additional rental income. Positioned on one of the most visited streets in the region, the prime location of this property offers unparalleled tourist traffic as well as a front row seat to the wildly popular events and festivals that take place in the downtown corridor. Opportunities like this are few and far between, and this one is guaranteed to grab plenty of attention. So, don't miss the chance to see this one for yourself while you still can. Call with any questions and schedule your showing today!

Listed by Cassie Craig — Elevate Realty

Listing Details

Status Active Under Contract
MLS # 250058971
Days on Market 177

Property History

Dec 10, 2025
Listed for sale
$620,000
Current
Pending
$620,000
Property Overview
Beds 2
Lot Size 0.06 acres
Stories 2
Year Built 1989
Property Type Triplex
APN 001-086-19
Parking
Parking Features Common
Exterior & Lot
Exterior Features Balcony
Lot Features Sloped Down
Construction Wood Siding
Roof Composition
Foundation Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Baseboard, Electric
Financial
Annual Tax $1,818
Schools
Elementary School Gallagher, Hugh
Middle School Virginia City
High School Virginia City
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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% ($124,000)
Home price
$620,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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