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444 Roberts St 4 Unit Apartment Building $1,095,000 ($273,750/Unit) 5.63% Cap Rate Reno, NV 89502
INVESTMENT HIGHLIGHTS
- Recently updated in 2020
- Excellent walkability and transit access
- Desirable Midtown location
EXECUTIVE SUMMARY
This turnkey 4-unit multifamily sits in the heart of Midtown Reno, one of Nevada’s most desirable, walkable neighborhoods. The asset blends classic 1910 charm with modern updates, offering strong in-place income and exceptional renter appeal.
Property Highlights
?? Recently updated interiors and systems
?? Desirable layouts and finishes tenants seek
?? Proximity to restaurants, coffee shops, retail, and arts
?? Stable income with upside via continued demand
?? Prime Midtown location with excellent walkability
Property Highlights
?? Recently updated interiors and systems
?? Desirable layouts and finishes tenants seek
?? Proximity to restaurants, coffee shops, retail, and arts
?? Stable income with upside via continued demand
?? Prime Midtown location with excellent walkability
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 (PRO FORMA - 2025) 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 | $1,095,000 | Building Class | C |
| Price Per Unit | $273,750 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 3,145 SF |
| Cap Rate | 5.63% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | GC - General Commercial | ||
| Price | $1,095,000 |
| Price Per Unit | $273,750 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,145 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2020 |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 615 |
| 2+1 | 1 | - | 900 |
| 2+2 | 1 | - | 965 |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 013-094-22 | Total Assessment | $87,926 (2026) |
| Land Assessment | $63,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $24,926 (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
013-094-22
Land Assessment
$63,000 (2026)
Improvements Assessment
$24,926 (2026)
Total Assessment
$87,926 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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444 Roberts St
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