Log In/Sign Up
Your email has been sent.
W 6th st 1385 W 6th St 6 Unit Apartment Building $995,000 ($165,833/Unit) 5% Cap Rate Reno, NV 89503



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 | Building Class | C |
| Price Per Unit | $165,833 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 8,015 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | ||
| Zoning | MF30 - RENO - MULTI-FAMILY (30 UNITS PER ACRE) | ||
| 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 |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 006-162-09 | Improvements Assessment | $42,451 (2026) |
| Land Assessment | $65,100 (2026) | Total Assessment | $107,551 (2026) |
Property Taxes
Parcel Number
006-162-09
Land Assessment
$65,100 (2026)
Improvements Assessment
$42,451 (2026)
Total Assessment
$107,551 (2026)
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
W 6th st | 1385 W 6th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
