Reno offers the most diversity of areas and properties to choose from for both the investor and tenants including that it is the largest city near Panasonic. If you are investing in 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.
Rental demands for apartments will be strongest in the Downtown and Midtown areas if the renter is looking for a downtown urban lifestyle or a variety of 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.
Visit our Panasonic Gigafactory Real Estate Guide for general information about the Panasonic and homes for sale in nearby cities. Please feel free to call us at 775-473-9531 or complete the form below for more help!
Reno Investment Property Listings
Reno Investment property near the Panasonic Gigafactory
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.
Fantastic Investment Opportunity in old Southwest Reno at the intersection of Arlington Ave and La Rue Ave. Low Maintenance, three buildings, strong tenant, and a cap rate of approximately 7.00%. There is a modified gross lease in place. See associated docs for Property Flyer and Property profile under the documents link. Sale includes both parcels 01131313 and 01131314 for 1002 S. Arlington Ave and 562 LaRue Ave.
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.
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. Seller willing to finance the right buyer.
Located a block away from the VA hospital, and only 5 minutes away from the new Reno Public Market! The front building off of Crampton contains (2) 2 bed 1 bath, and (2) 1 bed 1 bath units. The duplex off of the alley contains (1) 1 bed 1 bath, and (1) 2 bed 1 bath units. ALL units are currently rented and producing income! These units are a mix of month-to month, and leases. Front building's roof has been replaced within last 5 yrs. The duplex has alley access. Drive by, please do not disturb tenants.
This 4-plex has been completely remolded from flooring, cabinets, baseboards heaters, appliance, ac wall units, new Pella windows. The property is fully occupied and brings in $4499 a month. The gross cap rate is 6.89%
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
Two duplexes in SE Reno.Single story brick units each with an attached single car garage and access into the kitchen. Enter into the living room.Two bedrooms are separated by a bath.Each apartment has a fenced back yard space. Unit 2163 is vacant and available for showings.The other three units are tenant occupied on a month to month basis. Please do not disturb tenants.Viewing the three occupied apartments will be allowed during the inspection period with an accepted offer.All units are similar in layout.
The apartments at 451 Roberts St. are an opportunity to acquire 4 units near the popular MidTown area. This well-maintained asset consists of 2 buildings, a large 3 bedroom, 1 bathroom renovated single family home fronting Roberts St. consisting of +/- 1,499 SF with a +/- 816 SF unfinished basement and a triplex consisting of three 1 bedroom 1 bathroom built in 2007 totaling +/-1,452 SF. The property is a mix of classic beautiful red brick and wood siding construction.
Seller will finance with a minimum of a 20% down payment. property to be sold "As Is" current conditions. 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.
Amazing opportunity to own this income producing property with a huge remodel / rebuild. This one will include a 2 bd 1 ba house with 1 car garage and yard, a 1 bd 1 ba with a yard then a rebuilt over under duplex with a 2 bd 2 bath and yard downstairs and a 2 bd 1 bath with big balcony upstairs. Always super easy to rent and situated near Midtown, shopping, bus lines, the airport, the new Park Lane and Shoppers’ Square Development.
Located just a few blocks away from the new plumb lane 46 acre development!! This property consist of (4) studios, and (2) 1 bed, 1 bath units. ALL units are currently rented and are producing income! These units are a mix between month-to month, and leases. Pictures of all units are available upon request. Drive by, Please do not disturb tenants.
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.
Great Investment opportunity in the desirable Midtown District. This complex consists of a 2 bed/1 bath house with an unfinished basement and a triplex with 3 remodeled 1 bed/1 bath units. One unit under construction and will be completed prior to close of escrow. Walking distance to fashionable grocery stores, restaurants, coffee houses and more. With the Park Lane Development and Shopper Square Remodel and upgrade, this area is just getting HOTTER!!
INVESTOR ALERT! This lot features a house and a separate 2 story conversion behind the house. The 2 story has 2 units, both are 2 bedroom, 1 baths, and both are approximately 768 Square feet. Upstairs unit had carpet and laminate replaced in 2018. Downstairs unit has new carpet. Downstairs unit has stone flooring in kitchen, bathroom and hallway, dishwasher, stove, newer fridge, washer and dryer. Water heater is shared between the 2 units and is located in the downstairs unit. Water heater is 6 month
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 July 10th, 2020 at 8:56am PDT.