While not the closest city to the Tesla Gigafactory site, 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. There are duplexes, triplexes, fourplexes, and apartment buildings in these areas as well as many others throughout Reno. 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. 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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this is a Multi-Family portfolio deal Urban West is located on west second street downtown Reno walking distance from the Truckee river. This beautiful property offers a buyer the rare combination of a desirable location, newly renovated product, and guaranteed income! The renovations and improvements include the lot/property, landscaping, exterior, storage rooms, washer/dryer in each unit ,wifi/cabling and fully furnished units!
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.
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. Four units have been renovated; New Kitchens, bathrooms, appliances (full-size washer & dryer, fridge stove, dishwasher & microwave) and new A/C units. Off street parking provided for the tenants in the alley.
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.
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.
Do not go on property, view property from Gardner and Keystone alley only as not to alarm tenants. Interior and property access only after accepted offer. Prepare offers subject to inspection. This property consists of a building built in 1971 that is 3 stories.
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.
Great Investment Opportunity! This one won't last long - Owner Motivated - CALL FOR OFFERS on April 10, 2020! 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.
Fantastic opportunity for investor looking to acquire an investment property near the University of Nevada, Reno and Rancho San Rafael Regional Park. Great location for tenants attending the University; walking distance to class, bus stops & sporting events, saving on parking permits. Lots of mature trees including apple, plum & pear trees & a grape arbor over a sitting area. Natural running creek at back of property with a firepit next to the creek. Tours only with an accepted offer. DO NOT DISTURB TENANTS
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.
Updated triplex in Northwest Reno near UNR. All 3 units have been extensively updated. The duplex consists of 2 one bed one bath spacious 718 sq ft units. New kitchens, bathrooms, furnace, flooring, and paint. The home is a 3 bed 2 bath home with hardwood floors, newer kitchen and a spacious unfinished basement. Neighborhood Commercial zoning gives this property wide variety of highest and best uses. The pro-forma estimated CAP rate is 6.3% and an ACTUAL CAP Rate of 6.1%.
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.
Built w/pride & craftsmanship of days gone by.This Brick duplex/bungalow never seems to go unoccupied. Ideal location, loads of storage, washer/dryer hook-ups in nice bsmt, big attached garages,*large lot, shade trees, close to conveniences, great floor plan, bright cheery kitchens, beautiful lath & plaster workmanship. Each 2bed/1bath on main level has approx.1043sf & nice bsmts. are approx. 886sf each.*Large lot may be suitable to build more units. Buyer to verify all information.This is a great property!
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 April 6th, 2020 at 1:56am PDT.