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326 Stewart St - 326 Stewart 3 Unit Apartment Building Offered at $960,000 at a 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 | Property Type | Multifamily |
| Price Per Unit | $320,000 | Building Size | 1,440 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 4.09% | Year Built/Renovated | 1955/2020 |
| No. Units | 3 | 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 |
| Building Size | 1,440 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2020 |
| Opportunity Zone |
Yes |
| Zoning | MF30 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (89)
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326 Stewart St - 326 Stewart
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