Rare Multi-Home Investment Opportunity with Water Rights Discover an exceptional investment property featuring three separate homes on one parcel, offering incredible flexibility and income potential. Whether you’re looking to generate strong rental revenue, create a multi-generational living setup, or live in one home while renting the others, this property delivers. Set in a peaceful, natural setting, the land is rich with beautiful scenery and abundant wildlife, creating a serene atmosphere that tenants and owners alike will appreciate. Water rights are included, adding long-term value and opportunity for agricultural use, landscaping, or future enhancements. Each home provides its own sense of privacy while still being part of a cohesive property, making this a rare find for savvy investors or those seeking space, independence, and return on investment—all in one place. This is a unique opportunity to own a property that blends income potential, natural beauty, and lifestyle appeal.
Current real estate data for Single Family in Fallon as of Mar 30, 2026
30
Single Family Listed
74
Avg DOM
304
Avg $ / SqFt
$534,169
Avg List Price
Property Details
Price:
$649,000
MLS #:
260001533
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Feb 10, 2026
Finished Sq Ft:
2,962
Total Sq Ft:
2,962
Lot Size:
463,478 sqft / 10.64 acres (approx)
Year Built:
1948
Schools
Elementary School:
Fallon/Other
Middle School:
Churchill
High School:
Churchill
Interior
Appliances
Dishwasher
Bathrooms
3 Full Bathrooms
Cooling
Evaporative Cooling
Fireplaces Total
2
Flooring
Laminate, Tile
Heating
Forced Air, Propane
Interior Features
Pantry
Laundry Features
Washer Hookup
Levels
Two
Exterior
Common Walls
No Common Walls
Exterior Features
None
Fencing
Partial
Lot Features
Landscaped, Pasture
Other Structures
Barn(s)
Parking Features
None
Parking Spots
5
Parking Total
5
Patio And Porch Features
Porch, Patio
Roof
Pitched, Shake, Shingle
Security Features
Smoke Detector(s)
Spa Features
None
Stories
1
View
Desert, Mountain(s)
Window Features
Aluminum Frames, Double Pane Windows, Vinyl Frames
Financial
Taxes
$3,483
Map
Contact Us
Mortgage Calculator
Community
- Address4755 Alcorn Road Fallon NV
- CityFallon
- CountyChurchill
- Zip Code89406
Property Summary
- 4755 Alcorn Road Fallon NV is a Single Family for sale in Fallon, NV, 89406. It is listed for $649,000 and features 4 beds, 3 baths, and has approximately 2,962 square feet of living space, and was originally constructed in 1948. The current price per square foot is $219. The average price per square foot for Single Family listings in Fallon is $304. The average listing price for Single Family in Fallon is $534,169. To schedule a showing of MLS#260001533 at 4755 Alcorn Road in Fallon, NV, contact your Paradise Real Estate agent at 530-541-2465.
Similar Listings Nearby
Courtesy of Berney Realty, LTD. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Paradise Real Estate include the name of the listing broker. Neither the listing company nor Paradise Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Northern Nevada Regional MLS. All rights reserved. 4755 Alcorn Road
Fallon, NV