189 1st Street
189 1st Street
Wells, NV 89835
$22,500
0.17
Acres
Close
Listing offered by:
Dawn Roberta Bear - License# BS.0143221 with Allie Bear Real Estate - (775) 738-8535.
SubType:
Vacant Land - Improved Land
Taxes/Yr.:
$104
Area:
Wells Area
Community:
Wells
Subdivision:
Railroad Addition
Unique Investment & Development Opportunity in Wells, Nevada
Take advantage of a unique opportunity to create two income-producing properties on one parcel in Wells, Nevada. The seller has had the property surveyed and is working toward splitting the parcel into two separate lots, with the engineer's work and final City approval still pending.The seller's proposed plan is to build a duplex on each lot, potentially creating four residential units in total. This could provide an owner-occupant the opportunity to live in one unit while generating rental income from the additional unit(s), or offer an investor the potential for multiple income-producing units.With today's financing options, qualified buyers may be able to use a portion of anticipated rental income when qualifying for certain owner-occupied investment loans, subject to lender guidelines, appraisal, lease/rental documentation and other requirements.The property is ideally situated on a corner lot directly across from a preschool. Water is already on the property, with power and sewer available at the street, offering valuable infrastructure for future development.Whether you're looking to build your own home with additional rental income, create a multi-unit investment property, or capitalize on the growing need for housing in Wells, this property offers flexibility and significant potential.The proposed two-lot subdivision and duplex development are subject to engineering, City of Wells approval, zoning, building requirements, utility requirements and all applicable governmental approvals. Buyer to independently verify development potential, permitted uses, utilities, financing options and rental-income qualification with the appropriate authorities and lender.
Exterior Features:
Corner Lot
View of City
Utilities:
Power Source: Public Utility
Water Source: Public Utility
Data Source: Listing data provided courtesy of: Elko County MLS (Data last refreshed: 10/25/26 3:53am) - 32

Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
Contact Listing Agent
Dawn Bear
Dawn Bear - Realtor&Broker/Sales
Allie Bear Real Estate
Cell: (775) 934-7263
#BS.143221
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Down Payment: $
Mo. Payment: $
Calculations are estimated and do not include taxes and insurance. Contact your agent or mortgage lender for additional loan programs and options.
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