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1002 S Arlington Ave
Reno, NV 89509
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 11-Unit Multifamily Property — Three-building property featuring a fourplex, duplex, and single-family residence.
- Rare Old Southwest location with established residential uses
- Vacant Value-Add Opportunity — Currently 100% vacant, offering an investor the opportunity to reposition and lease the property without existing tenan
Executive Summary
1002 S Arlington Avenue presents the opportunity to acquire a multifamily asset consisting of three residential buildings across two parcels in Reno's established Old Southwest neighborhood. The property includes a former single-family residence that has historically operated as a boarding house, a four-unit apartment building, and an additional single-story residential structure located at 562 La Rue Avenue. Existing residential and supportive-housing uses, combined with MF-14 zoning on the primary parcel, provide investors with multiple operational pathways subject to applicable approvals and due diligence.
Property Facts
| Price Per Unit | $318,857 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 6,500 SF |
| No. Units | 7 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1937 |
| Apartment Style | Low-Rise | Parking Ratio | 1.54/1,000 SF |
| Building Class | C | ||
| Zoning | MF14 - MULTIPLE FAMILY RESIDENTIAL | ||
| Price Per Unit | $318,857 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 6,500 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | MF14 - MULTIPLE FAMILY RESIDENTIAL |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,073 - 3,168 |
| 7+2 | 1 | - | 2,259 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $68,133 | |
| Land Assessment | $113,750 | Total Assessment | $181,883 |
Property Taxes
Parcel Numbers
Land Assessment
$113,750
Improvements Assessment
$68,133
Total Assessment
$181,883
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