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350 Wonder St 7 Unit Apartment Building $2,595,000 ($370,714/Unit) 4.44% Cap Rate Reno, NV 89502
Investment Highlights
- Desirable Mid Town Location
- Remodeled in 2021
- Low Vacancy and Long Term tenants paying market rent
Executive Summary
This exceptional multi-unit property is located in the heart of vibrant Midtown Reno, a sought-after neighborhood known for its eclectic charm, walkability, and thriving community atmosphere. Perfectly suited for investors or owner-occupiers, this property offers both comfort and convenience.
Property can be sold with two other multi-unit buildings located in Mid-Town area:
512 Crampton St. Reno - $1.5M (6 units)
929 Wheeler Ave. Reno - $1.2M (5 units)
Property can be sold with two other multi-unit buildings located in Mid-Town area:
512 Crampton St. Reno - $1.5M (6 units)
929 Wheeler Ave. Reno - $1.2M (5 units)
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $370,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 4.44% | Building Size | 6,300 SF |
| Gross Rent Multiplier | 24.89 | Average Occupancy | 95% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2021 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Zoning | MF14 - MULTIPLE FAMILY RESIDENTIAL | ||
| Price | $2,595,000 |
| Price Per Unit | $370,714 |
| Sale Type | Investment |
| Cap Rate | 4.44% |
| Gross Rent Multiplier | 24.89 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1968/2021 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | MF14 - MULTIPLE FAMILY RESIDENTIAL |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | $1,600 | 900 |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 013-233-04 | Improvements Assessment | $68,823 (2026) |
| Land Assessment | $89,578 (2026) | Total Assessment | $158,401 (2026) |
Property Taxes
Parcel Number
013-233-04
Land Assessment
$89,578 (2026)
Improvements Assessment
$68,823 (2026)
Total Assessment
$158,401 (2026)
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350 Wonder St
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