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Student Housing Duplex 1449 Hillside Dr 2 Unit Apartment Building $844,999 ($422,500/Unit) Reno, NV 89503

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INVESTMENT HIGHLIGHTS

  • Located within the University Submarket in Reno, NV
  • In-Unit Washer and Dryer
  • Large Fenced Yard
  • $312 Per SqFt
  • Remodeled Units

EXECUTIVE SUMMARY

1449 Hillside Drive is an exceptional duplex located within the University Submarket in Reno, NV. This location provides direct access to The University of Nevada, Reno and all the local campus attractions offering great walkability and strong tenant demand. The units are a large ±1,677 sq ft 3 bed 2 bath unit and a ±1,119 sq ft 2 bed 1 bath unit. Both units have been meticulously renovated, each with in-unit washer/dryer and a large fenced backyard.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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 $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
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 $844,999
Price Per Unit $422,500
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Lot Size 0.16 AC
Building Size 2,796 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1977/2022
Opportunity Zone Yes
Zoning MF14 - Multifamily 14 units/acre

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Kitchen
  • Wi-Fi
  • Yard
  • Vinyl Flooring

SITE AMENITIES

  • Laundry Facilities
  • Wi-Fi

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 - 932
3+2 1 - 1,864
Walk Score®
Very Walkable (72)
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
007-017-03
Land Assessment
$59,220 (2025)
Improvements Assessment
$41,168 (2025)
Total Assessment
$100,388 (2025)
  • Listing ID: 34523385

  • Date on Market: 1/17/2025

  • Last Updated:

  • Address: 1449 Hillside Dr, Reno, NV 89503

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