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1011 E 4th St
Reno, NV 89512
The Lucky · Hospitality Property For Sale
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8,555 SF
Investment Highlights
- Fully renovated 23-unit boutique property, repositioned in 2025 with no deferred maintenance.
- Efficient 350 SF studio layouts align with Reno’s highest-demand, attainable housing segment.
- Attractive basis relative to replacement cost for boutique-quality product in an urban infill location.
- 100% occupied with rent increases implemented post-renovation and absorbed without resistance.
- Strong in-place income supported by a streamlined expense structure and post-renovation operations.
- Downtown Reno location supported by employment growth, housing constraints, and sustained renter demand.
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1954/2025 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.30 AC | Parking Ratio | 1.4/1,000 SF |
| Building Size | 8,555 SF | Corridor | Exterior |
| Zoning | MU - MU, CITY OF RENO | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 8,555 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2025 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| Corridor | Exterior |
| Zoning | MU - MU, CITY OF RENO |
Amenities
- High Speed Internet Access
- Public Access Wifi
Property Taxes
| Parcel Number | 008-255-09 | Improvements Assessment | $117,534 |
| Land Assessment | $54,377 | Total Assessment | $171,911 |
Property Taxes
Parcel Number
008-255-09
Land Assessment
$54,377
Improvements Assessment
$117,534
Total Assessment
$171,911
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