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326 Stewart 326 Stewart St 3 Unit Apartment Building $960,000 ($320,000/Unit) 4.09% Cap Rate Reno, NV 89502
Investment Highlights
- Walk Score 85-90 Reno's most walkable neighborhood
- Classic character with modern features
- Turnkey property with value add potential
Executive Summary
Prime Midtown Reno Investment: This 3-unit property at 326 Stewart St offers $960,000 acquisition with $5,300/month income ($63,600 annually) and 4.1% cap rate. Located in Reno's most walkable neighborhood (Walk Score: 85-90) with 150+ businesses nearby, the property features renovated modern units plus vintage charm spaces with value-add potential. Strong Midtown location near UNR and downtown appeals to young professionals in a market showing steady appreciation.
Data Room Click Here to Access
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $960,000 | Apartment Style | Low-Rise |
| Price Per Unit | $320,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.09% | Building Size | 2,736 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | MF30 | ||
| Price | $960,000 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 4.09% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,736 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2020 |
| Opportunity Zone |
Yes |
| Zoning | MF30 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 013-012-03 | Total Assessment | $104,395 (2026) |
| Land Assessment | $62,598 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $41,797 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
013-012-03
Land Assessment
$62,598 (2026)
Improvements Assessment
$41,797 (2026)
Total Assessment
$104,395 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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326 Stewart | 326 Stewart St
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