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306 E Taylor St 8 Unit Apartment Building $2,150,000 ($268,750/Unit) 4.74% Cap Rate Reno, NV 89502
Executive Summary
306 E Taylor Street presents a rare opportunity to acquire an eight-unit multifamily asset in the heart of Reno, Nevada. Located just minutes from Downtown Reno, the University of Nevada, and major employment centers, the property benefits from strong rental demand and continued neighborhood revitalization.
The property offers investors the opportunity to preserve stable cash flow while implementing a strategic value-add program through unit renovations, operational efficiencies, and rental growth. As housing affordability challenges continue to drive demand for workforce housing throughout Northern Nevada, well-located multifamily properties of this size remain highly sought after by both private investors and owner-operators.
With limited new multifamily supply in established infill neighborhoods and continued population growth across the Reno-Sparks market, 306 E Taylor Street is well positioned to provide both immediate income and long-term appreciation potential.
Whether pursuing a hold strategy for stable cash flow or a renovation program designed to maximize rental income, investors have the opportunity to capitalize on a proven asset class within one of the fastest-growing markets in the Western United States.
The property offers investors the opportunity to preserve stable cash flow while implementing a strategic value-add program through unit renovations, operational efficiencies, and rental growth. As housing affordability challenges continue to drive demand for workforce housing throughout Northern Nevada, well-located multifamily properties of this size remain highly sought after by both private investors and owner-operators.
With limited new multifamily supply in established infill neighborhoods and continued population growth across the Reno-Sparks market, 306 E Taylor Street is well positioned to provide both immediate income and long-term appreciation potential.
Whether pursuing a hold strategy for stable cash flow or a renovation program designed to maximize rental income, investors have the opportunity to capitalize on a proven asset class within one of the fastest-growing markets in the Western United States.
Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $268,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,032 SF |
| Cap Rate | 4.74% | No. Stories | 2 |
| No. Units | 8 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF30 | ||
| Price | $2,150,000 |
| Price Per Unit | $268,750 |
| Sale Type | Investment |
| Cap Rate | 4.74% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,032 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 670 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 013-163-01 | Improvements Assessment | $69,556 |
| Land Assessment | $85,313 | Total Assessment | $154,868 |
Property Taxes
Parcel Number
013-163-01
Land Assessment
$85,313
Improvements Assessment
$69,556
Total Assessment
$154,868
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306 E Taylor St
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