Fallon, NV Multifamily Homes & Duplexes for Sale

/15
$425,000
- 4 Beds
- 4 Baths
- 1,776 Sq Ft
360 & 360 1/2 W Virginia St, Fallon, NV 89406

Take a look at this great investment property, 2 separate unit on one parcel. It also has a sharable shed for tenant storage. It is tenant occupied with month-to-month leases paying $1200 per month each.

Tami Baca Cardin Realty Pros

360 & 360 1/2 W Virginia St, Fallon, NV 89406
/5
$449,900
- 5 Beds
- 2 Baths
- 3,050 Sq Ft
125 125 N Broadway St, Fallon, NV 89406

Rare chance to own two homes on one parcel in a prime location in Fallon, NV. This unique property includes 155 E A Street, 3-bedroom, 1-bathroom, 1,052 sq ft and 125 N Broadway, 2-bedroom, 1-bathroom, 856 sq ft.

Daniel Doty Doty Realty LLC

125 125 N Broadway St, Fallon, NV 89406
/33
$385,500
- 7 Beds
- 3 Baths
- 3,119 Sq Ft
510, 510 1/2 512 Churchill St, Fallon, NV 89406

Wonderful investment property! Includes three separate houses on one parcel - one of which is tenant occupied with a month to month lease at $1200/mo. The second house has been newly remodeled to include plumbing, new flooring, interior paint, cabinets/countertops, new windows, etc. Smaller back house located in the alley is being sold as is and has not had any recent renovations. All three

Lauren Vogel Rogne Realty, LTD.

510, 510 1/2 512 Churchill St, Fallon, NV 89406
/11
$409,900
- 6 Beds
- 3 Baths
- 3,432 Sq Ft
4904 Saint Clair Rd, Fallon, NV 89406

PLEASE THOROUGHLY READ ALL REMARKS!! Home #1: 744 sq ft built in 1926, completely remodeled in January 2024. 2 bed 1 bath, detached garage, carport, pumphouse/storage shed. New plumbing, windows, sheetrock, flooring, fixtures, mini split, granite counter tops in kitchen and bathroom, tile surround in tub/shower, enclosed porch. Seller is in the process of doing a boundary line adjustment with

Mitzi Corkill Berney Realty, LTD

4904 Saint Clair Rd, Fallon, NV 89406
/11
$835,000
- 10 Beds
- 8 Baths
- 4,100 Sq Ft
1212 E Front St, Fallon, NV 89406

this meticulously maintained 4-plex in Fallon, just 10 minutes from Fallon Air Force Base. With a strong rental history and a consistent occupancy rate, these units never stay empty! Each of the four spacious units features LVP or laminate flooring throughout, ensuring easy upkeep and modern appeal. Recent upgrades include brand-new balconies (installed in the last 2 months) and electric water

Allison Pimentel True Real Estate

1212 E Front St, Fallon, NV 89406
/29
$485,000
- 4 Beds
- 2 Baths
- 2,008 Sq Ft
250 S Taylor St, Fallon, NV 89406

Great location duplex right on Taylor Owner has maintained this property The roof is 5 years old NEW EXERIOR PAINT ! DRIVE BY AND SEE Tenants are great but need 24 hours to show Leases are available to qualified buyers only, for tenants privacy Please be careful when driving by as this is a busy road with lots of traffic The garage has alley access for both tenants 100% occupancy at all times

Leslie Beach RE/MAX Connection

250 S Taylor St, Fallon, NV 89406

Nevada Fallon

About Fallon

With its Spanish Revival-style courthouse, its false-front stores along Maine Street and its historic movie theater, Fallon, Nevada is the quintessential Western oasis town. This product of the Gold Rush is alive and thriving not just because of its historical preservation and appealing desert landscapes, but also because it is home to the real “Top Gun” program at Naval Air Station Fallon. “It’s a small town. It’s mostly people who work at the air base, people who work in agriculture and retirees,” says Realtor Hadley Faught of Exp Realty.

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Learn more about living in Fallon

Home Trends in Fallon, NV

On average, homes in Fallon, NV sell after 54 days on the market compared to the national average of 47 days. The average sale price for homes in Fallon, NV over the last 12 months is $393,934, up 7% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)

$370,000

Median Single Family Price

$375,000

Median Townhouse Price

$617,000

Average Price Per Sq Ft

$242

Number of Homes for Sale

Last 12 months Home Sales

286

Months of Supply

2.60

Median List Price

$389,900

Median Discount From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Fallon, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $385,500 to $835,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Fallon is $389,900, while the average sale price is $393,934, offering insights into the local housing market. On average, multi-family homes spend 54 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Fallon, NV.

Fallon Types of Homes for Sale

More About Living in Fallon

Multi-Family Homes in Nearby Counties

Churchill County Homes for Sale

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