Reno Investment Property for Sale - Near Google Data Center

While not the closest city to the Google Data Center, Reno is the largest and offers the most diversity of areas and properties to choose from for both the investor and tenants. Rental demands for apartments will likely be strongest in the Downtown and Midtown areas if the renter is looking for a downtown urban lifestyle. Keep in mind that, if investing for single family homes for rent, the high demand areas will be different and likely lead you to other areas in Reno such as Somersett, South Meadows, or the Old Southwest areas. There are duplexes, triplexes, fourplexes, and apartment buildings in these areas as well as many others throughout Reno. This page includes all Reno multifamily property listings for sale. Listings are updated every 15 minutes from the local Reno/Sparks MLS.

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Reno Investment Property Listings

Google Reno Multifamily Units

All Listings (26) $100,000 - $200,000 (1) $300,000 - $400,000 (3)
$400,000 - $500,000 (1) $500,000 - $600,000 (8) $600,000 - $700,000 (4)
$700,000 - $800,000 (4) $900,000 - $1,000,000 (1) Over $1,000,000 (5)
26 Properties Found. Showing Page 1 of 2 - Last Updated: 6 minutes ago.
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858 Gentry Way, Reno NV, 89502

1 of 24 photos

$2,000,000

Days on Website: 63

  • 7,627 SqFt
  • 1.62 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Downtown Core

The South 40 is a private community in a park-like setting, consisting of 7 freestanding homes and 10 mobile home sites. The single-family residences have fenced yards and ample off-street parking. There is a new main waterline and blacktop paving. The community is well maintained and has loyal, long-term tenants. Centrally located, only a few minutes from the Reno/Tahoe International Airport, and right down the street from Reno’s trendiest bars and restaurants in mid-town. Offered at a 6%+ cap rate.

Engel & Volkers Lake Tahoe

635 Plumas, Reno NV, 89509

1 of 9 photos

$1,250,000

Days on Website: 115

  • 4,212 SqFt
  • 0.16 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Old Southwest

Kats Pad is an exciting multi family investment opportunity located in the heart of Reno's new retail and entertainment center. Offering superior housing options usually is all about location and Kats Pad borders three premium Reno areas, Midtown, old Southwest and the central business district.

Dickson Commercial Group

781,783,785 Stewart St, Reno NV, 89502

1 of 25 photos

$1,199,999

Days on Website: 396

  • 4,623 SqFt
  • 0.18 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Southeast

Investor? Need a 1031 Exchange that was actually built this century? Or what about living in the best and renting the rest? These three upscale townhomes with individual parcel numbers and NO HOA, offer any buyer the ultimate in flexibility. Each unit is 1541 sq. ft., 3bed/2bath/2garage on a knoll above the Truckee River floodplain in the heart of midtown with fantastic views (including GSR fireworks from your slate balcony!) and private, fenced back yards with patios. It's truly one of a kind.

Keller Williams Group One Inc.

425-445 Casazza Drive, Reno NV, 89502

1 of 15 photos

$1,195,000

Days on Website: 70

  • 3,040 SqFt
  • 0.19 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Southeast

Stunning 6-plex in a park like setting in Midtown! Mature trees and modern finishes make this a one of a kind property. 6.5 % cap rate, with long term tenants. Welcome to Casazza Courtyard the home of blossoming trees, beautiful landscaping and tenants with PRIDE! Two buildings face each other creating a private courtyard enclosed in wrought iron fencing. Each of the six units also have private fenced backyards. Off street parking provided for the tenants in the alley.

Ferrari-lund Real Estate Reno

1036 Bell Street, Reno NV, 89503

1 of 17 photos

$1,050,000

Days on Website: 70

  • 5,160 SqFt
  • 0.16 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Old Northwest

Great community feel nestled close to the University area. This rare 7 unit brick exterior consists of 6 one bedrooms, and 1 two bedroom units all rented below market rates. With its desirable location, the units have rented very quickly to have low vacancy losses. Great property for the first or second time investor. Listing price reflects a 5.6cap rate.

Marmot Properties, Llc

865 Willow Street, Reno NV, 89502

1 of 10 photos

$950,000

Days on Website: 73

  • 5,034 SqFt
  • 0.15 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Southeast

Fantastic investment opportunity near downtown Reno and Renown Regional Medical Center. Ten one-bedroom apartments on two levels with a laundry room, in a terrific location.

Real Property Mgmt. Corazon

420-422 Claremont St, Reno NV, 89502

1 of 17 photos

$734,900

Days on Website: 51

  • 4,393 SqFt
  • 0.31 Acres

Multi-family

Reno ,NV

Status: Active/pending-loan

Area: Reno-Southeast

Walk to the VA hospital from this 10 unit apartment complex on .31 acres in midtown, consisting of 7 buildings including a 2 bedroom house with a basement. The tenants call it their compound and love living here. 5 one bedroom homes and 4 studios surrounding mature trees and open space. The properties also include 7 carports which could generate additional income. Rents are low reflecting the condition of the property. It needs cosmetic TLC as reflected by the asking price.

Coldwell Banker Select Reno

453 Poplar St., Reno NV, 89512

1 of 9 photos

$730,000

Days on Website: 515

  • 2,280 SqFt
  • 0.25 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-North

UNIQUE INVESTMENT OPPORTUNITY!! Existing turn-key triplex with excess buildable land in EXTREMELY CLOSE PROXIMITY TO UNR. Existing triplex "valued" at $400K based on a 6.26% CAP rate at actual income and expenses. Excess buildable land "valued" at $349k based on recent sold land comps. of $70 per sq.ft. in the immediate area (comps. support $60-$80 per sq.ft.). Total lot size is 10,837 sq.ft. with approx. 5000 sq.ft. being buildable. Zero lot line w/ 10 foot set back to build. **Buyer to verify all info

Dl Realty

590 Denslowe Dr., Reno NV, 89512

1 of 14 photos

$725,000

Days on Website: 53

  • 2,966 SqFt
  • 0.14 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-North

Great Opportunity Zone Investment! This one won't last long - Owner Motivated - ACCEPTING ALL REASONABLE OFFERS! Call Listing Agent for tour with Proof of Funds. VALUE ADD Opportunity. UNR area four-plex, each with 2 bedrooms and one bathroom. The apartments are conveninetly located very near UNR and just minutes from the Reno Downtown/Midtown entertainment districts.

Keller Williams Realty Sparks

565 Denslowe Dr, Reno NV, 89512

1 of 2 photos

$689,000

Days on Website: 17

  • 2,843 SqFt
  • 0.16 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-North

Great investment property opportunity. Seller will Finance with 20% down payment. Multi-Family 4 units under one building. Long time tenants, all rents are below market value but all tenants are on moth to month. Walking distance to UNR, park, Rodeo and close to bus-lines.

Coldwell Banker Select Reno

1415 Terrace, Reno NV, 89503-1733

1 of 19 photos

$675,000

Days on Website: 87

  • 1,890 SqFt
  • 0.13 Acres

Multi-family

Reno ,NV

Status: Active/pending-call

Area: Reno-Old Northwest

This newly renovated duplex is located in a prime location to serve as an excellent property for student housing. With the University of Nevada campus only steps away this investment property will provide above average income for it's size and even allow the opportunity for parents to own a property for their kids attending college. Please contact the listing agent for a property flyer. Both tenants leases expire in May 2020 to allow flexibility for the new owner.

Dickson Commercial Group

2017 Valley Rd, Reno NV, 89512

1 of 2 photos

$649,000

Days on Website: 27

  • 2,438 SqFt
  • 0.15 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-North

Seller will finance with a minimum of a 20% down payment. Great opportunity for an investor looking to acquire an investment property, walking distance to the university of Reno Nevada. Two separate buildings, 2 units per building; each unit had 2 bedrooms and 1 bath. 3 of the units have been recently updated with new laminate and ceramic tile floors and new paint. Long term tenants, all tenants are on a month to month.

Coldwell Banker Select Reno

420 Burns, Reno NV, 89502-2516

1 of 17 photos

$600,000

Days on Website: 21

  • 2,124 SqFt
  • 0.15 Acres

Multi-family

Reno ,NV

Status: Active

Area: Reno-Southeast

Burns 4-plex is a Wells Corridor multifamily property with high upside potential. The current tenants all on a month to month lease and far below market rents for this excellent location. The property is located blocks from Midtown Reno, which is the center for gentrification for the entire city. Between the vibrant Wells Corridor and Midtown District tenants will enjoy some of the best nightlife and retail Reno has to offer.

Dickson Commercial Group

356 Gould, Reno NV, 89502-0633

1 of 5 photos

$585,000

Days on Website: 83

  • 3,016 SqFt
  • 0.36 Acres

Multi-family

Reno ,NV

Status: Active/pending-loan

Area: Reno-Southeast

Fantastic six-plex with two stand alone buildings that brings this cash cow to a cap rate of 7.0%! Don't miss your opportunity to park your money in a safe & stable property! Drive by only until accepted offer. Please make offer subject to inspection. Please call listing agent for details.

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The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than CalNeva Realty are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Listing information last updated on May 25th, 2020 at 10:11am PDT.