Property Description

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.

Features
UTILITIES:
Internet Available, Water Meter Installed, Cellular Coverage, Phone Available, Electricity Connected, Sewer Connected, Water Connected, Cable Connected, Natural Gas Connected
EXTERIOR FEATURES:
No
Address Map
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''
Neighborhood
Elementary School:
Lovelock
High School:
Pershing
Middle School:
Pershing
Additional Info
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

6 Bedrooms
4 Bathrooms
0.22 Acre
$525,000
Listing ID #260008894
Basic Details
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
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent