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W 6th st 1385 W 6th St 6 Unit Apartment Building $995,000 ($165,833/Unit) 5% Cap Rate Reno, NV 89503

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INVESTMENT HIGHLIGHTS

  • Northwest Reno Property
  • Easy Freeway Access and Stores, Schools Etc.

EXECUTIVE SUMMARY

Updated 6-Unit Multifamily in Prime Northwest Reno - Investor's Dream Discover a rare opportunity to own a well-maintained *six-unit multifamily property* in one of Reno's most desirable neighborhoods. With four units already updated and strong rental appeal, this asset is ideal for investors seeking location, stability, and upside. ### Property Features - Newly paved parking lot, **Six spacious units** - Each approx. *682 sq ft*, offering comfortable 1-bedroom layouts. - **Updated interiors** - *Four units* have been updated with paint and new flooring - **Outdoor living** - *Downstairs units* include private back patios; *upstairs units* enjoy balconies with views. - **Fresh exterior** - Building was professionally painted in *2022*, enhancing curb appeal and reducing future maintenance. ### Location Highlights - Situated in *Northwest Reno*, a high-demand area known for its quiet streets and proximity to everything. - **Quick freeway access** - Ideal for commuters and professionals. - **Walkable convenience** - Just minutes from *grocery stores, pharmacies, schools,* and everyday essentials. ### Investment Appeal - Strong rental demand in the area with low vacancy rates. - Ideal for long-term hold or value-add strategy. - Zoned for top-rated schools and close to public transit.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $995,000
Price Per Unit $165,833
Sale Type Investment
Cap Rate 5%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.18 AC
Building Size 8,015 SF
Average Occupancy 100%
No. Stories 2
Year Built 1975
Zoning MF30 - RENO - MULTI-FAMILY (30 UNITS PER ACRE)

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 $850.00 682
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
006-162-09
Land Assessment
$65,100 (2026)
Improvements Assessment
$42,451 (2026)
Total Assessment
$107,551 (2026)
  • Listing ID: 38227811

  • Date on Market: 10/27/2025

  • Last Updated:

  • Address: 1385 W 6th St, Reno, NV 89503

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