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6 units near MidTown for Sale 1761 Stewart St 6 Unit Apartment Building $1,075,000 ($179,167/Unit) 5% Cap Rate Reno, NV 89502
INVESTMENT HIGHLIGHTS
- New Electrical Panes in Late 2025
- Room for increased rents
EXECUTIVE SUMMARY
Johnson Group Commercial is pleased to offer for sale a multifamily investment near Midtown Reno. This property is a rare find in the highly sought-after Reno market. Featuring six spacious 2 bed / 1 bath units, it’s an ideal opportunity for investors. Built in 1962 and offering a total of 4,256 square feet, the property generates a solid net operating income of approx $53,759. Its proximity to Midtown Reno adds to the appeal for tenants and investors alike. For a comprehensive marketing package and detailed investment summary, please contact us directly.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,075,000 | Apartment Style | Low-Rise |
| Price Per Unit | $179,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5% | Building Size | 4,256 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Zoning | CC | ||
| Price | $1,075,000 |
| Price Per Unit | $179,167 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,256 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | CC |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,200 | 709 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 013-052-13 | Improvements Assessment | $39,612 (2026) |
| Land Assessment | $83,125 (2026) | Total Assessment | $122,737 (2026) |
PROPERTY TAXES
Parcel Number
013-052-13
Land Assessment
$83,125 (2026)
Improvements Assessment
$39,612 (2026)
Total Assessment
$122,737 (2026)
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6 units near MidTown for Sale | 1761 Stewart St
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