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357 Roberts St 8 Unit Apartment Building $1,695,000 ($211,875/Unit) 4.70% Cap Rate Reno, NV 89502
Investment Highlights
- Proximity to restaurants, shopping, and nightlife
Executive Summary
Excellent investment opportunity in Midtown offering 8 units including a duplex and 6-plex on one parcel. Duplex built in 1926; 2-bed/1-bath and 1-bed/1-bath - both units have laundry. 6-plex (built in 1963) consists of six 1-bed/1-bath units with good closet space. Potential for on-site laundry in the basement. All 8 units have designated off-street parking. Well-maintained and a fantastic location in Midtown make these units desirable and easy to rent; close proximity to restaurants, shopping, nightlife, etc.. 6-plex averages $1,025 per unit. Duplex is $1,850/mo for 2-bed/1-bath and $1,400/mo for 1-bed/1-bath. *One of the Listing Brokers is an owner of the property.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 013-091-12 | Improvements Assessment | $52,380 |
| Land Assessment | $87,500 | Total Assessment | $139,880 |
Property Taxes
Parcel Number
013-091-12
Land Assessment
$87,500
Improvements Assessment
$52,380
Total Assessment
$139,880
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Contact the Sale Advisor
357 Roberts St