$649,000 Active
4755 Alcorn Road
Fallon, NV 89406
STR Status Unknown
4 Beds
·
3.0 Baths
·
2,962 Sq Ft

About This Property

Rare Multi-Home Investment Opportunity with Water Rights Discover an exceptional investment property featuring three separate homes on one parcel, offering incredible flexibility and income potential. Whether you're looking to generate strong rental revenue, create a multi-generational living setup, or live in one home while renting the others, this property delivers. Set in a peaceful, natural setting, the land is rich with beautiful scenery and abundant wildlife, creating a serene atmosphere that tenants and owners alike will appreciate. Water rights are included, adding long-term value and opportunity for agricultural use, landscaping, or future enhancements. Each home provides its own sense of privacy while still being part of a cohesive property, making this a rare find for savvy investors or those seeking space, independence, and return on investment—all in one place. This is a unique opportunity to own a property that blends income potential, natural beauty, and lifestyle appeal. Homes are needing work.

Listed by Mandy Hatcher — Berney Realty, LTD

Listing Details

Status Active
MLS # 260001533
Days on Market 86
Price/Sq Ft $219

Property History

Feb 10, 2026
Listed for sale
$649,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,962
Lot Size 10.64 acres
Stories 1
Year Built 1948
Property Type Single Family Residence
APN 008-692-76
Parking
Total Parking 5
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Pasture
View Desert, Mountain(s)
Roof Pitched, Shake, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Propane
Cooling Evaporative Cooling
Financial
Annual Tax $3,483
Schools
Elementary School Fallon/Other
Middle School Churchill
High School Churchill
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($129,800)
Home price
$649,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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