Excellent opportunity to acquire income-producing 4-unit investment property with an estimated $27,000 annual NOI and a 5.14 CAP rate. The property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering a desirable mix of unit sizes. Originally constructed in 1949 as the 7-unit Sage Motel, the property was converted to apartments in 2005 and operated as multifamily housing through 2016. Between 2018 and 2019, the property underwent an extensive renovation, including a new roof, plumbing, electrical, doors, Low-E double-pane windows, flooring, paint, water heaters, appliances, and numerous additional improvements, creating attractive, low-maintenance units. Each apartment is separately metered for gas and electricity, helping reduce operating expenses. The property includes approximately 2,184 square feet in the main building plus a 130-square-foot detached laundry/storage building. Commercial zoning provides exceptional flexibility for investors and owner-users alike. Potential uses include long-term apartments, short-term rentals, motel/hospitality, Airbnb or vacation rentals (subject to local regulations), retail, office space, or a live/work business opportunity. Seller financing is available with negotiable owner-carry terms, making this an attractive option for qualified buyers seeking positive cash flow and flexible acquisition terms.
- UTILITIES:
- Internet Available, Water Meter Installed, Cellular Coverage, Phone Available, Electricity Connected, Sewer Connected, Water Connected, Cable Connected, Natural Gas Connected
- EXTERIOR FEATURES:
- No
- Country:
- US
- State:
- NV
- County:
- Pershing
- City:
- Lovelock
- Area:
- Webb Addition
- Zipcode:
- 89419
- Street:
- Cornell
- Street Number:
- 1335
- Floor Number:
- 0
- Longitude:
- W119° 31' 38.2''
- Latitude:
- N40° 10' 59.8''
- Elementary School:
- Lovelock
- High School:
- Pershing
- Middle School:
- Pershing
- Office Name:
- RE/MAX Gold
- Agent Name:
- Joshua Talayka
- PhotoTimestamp:
- 07-11-2026 19:48:13
- Status Detail:
- Active
- Status Date:
- 07-11-2026
- Agent ID:
- 7804
- Listing Office 1:
- 1514-o
- Contract Date:
- 07-09-2026
- Sold Price:
- $0
- Update Date:
- 07-11-2026 19:56:54
- Stories:
- 1
- CIC Dues:
- $0
- Parcel #:
- 001-044-07
- Search Price:
- $0
- Price Per SQFT:
- $0
Residential Income Residential
1335 Cornell, Lovelock, Nevada 89419
- Property Type :
- Residential Income
- Listing Type :
- Residential
- Listing ID :
- 260008894
- Serial Number :
- 20260710200811227115000000
- Price :
- $525,000
- View :
- Trees
- Bedrooms :
- 6
- Bathrooms :
- 4
- Year Built :
- 1949
- Lot Area :
- 0.22 Acre
- Status :
- Active