$705,000 $725,000 ↓ $20,000 reduced Active
121 S B Street
Virginia City, NV 89440
STR Status Unknown

About This Property

Prominently located in Virginia City's celebrated Historic District, 121 S. B Street offers a rare opportunity to own an income-producing Victorian brick fourplex adjacent to the historic Washoe Club. Sharing a common wall with this iconic Comstock-era building, the property reflects the timeless architecture and character of Virginia City's storied past. The four-unit property includes two studios, one one-bedroom, and one two-bedroom unit. Currently operating as long-term rentals, it offers immediate income potential with Residential/Commercial zoning. Vacation rental use is allowed by Storey County; however, the property does not currently have a vacation rental permit. Located Just steps from shops, restaurants, museums, and year-round events, the property combines historic charm with an exceptional location. Recent improvements includes updated electrical panels plus renovations to Unit #1 featuring new flooring, carpet, kitchen appliances, and interior paint. Whether expanding an investment portfolio or preserving a piece of Nevada history, 121 S. B Street presents a unique opportunity to own a distinctive historic property in the heart of Virginia City.

Listed by Danielle Campbell — Chase International Carson Cit

Listing Details

Status Active
MLS # 260011938
Days on Market 4

Property History

Sep 16, 2026
Listed for sale
$725,000
Sep 18, 2026
Price reduced
$705,000 $725,000 ↓ $20,000
Property Overview
Lot Size 0.04 acres
Stories 3
Year Built 1884
Property Type Quadruplex
APN 001-072-15
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Level
Construction Brick, Concrete
Roof Flat
Foundation Brick/Mortar, Slab, Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Baseboard, Electric, Pellet Stove
Cooling Electric, Wall/Window Unit(s), Varies By Unit
Financial
Annual Tax $1,506
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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($141,000)
Home price
$705,000
Loan details
30-yr fixed, 6.5%
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