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1385 W 6th St
Reno, NV 89503
W 6th st · Multifamily Property For Sale
·
6 Units
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.
PROPERTY FACTS
| Price Per Unit | $165,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5% | Building Size | 8,015 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Zoning | MF30 - RENO - MULTI-FAMILY (30 UNITS PER ACRE) | ||
| 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 |
PROPERTY TAXES
| Parcel Number | 006-162-09 | Improvements Assessment | $41,817 |
| Land Assessment | $63,000 | Total Assessment | $104,817 |
PROPERTY TAXES
Parcel Number
006-162-09
Land Assessment
$63,000
Improvements Assessment
$41,817
Total Assessment
$104,817
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