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521 Sinclair 8 Unit Apartment Building $1,925,000 ($240,625/Unit) 4.77% Cap Rate Reno, NV 89502
Investment Highlights
- 5.95% ProForma Cap Rate
- Investor-Friendly Tax Environment
- Fully Renovated
- Outstanding MidTown Location & Nearby Redevelopment
- Strong Rental History
Executive Summary
Marcus & Millichap is proud to present for sale 521 Sinclair Street, an eight-unit multifamily investment property located in the heart of MidTown. The Asset has been well-cared for by the current ownership, having undergone full renovation to match the MidTown vibe. The unit mix consists of 8 one-bed/one-bath units with new LVP flooring, recessed can lights, reclaimed wood accent walls, updated cabinets & countertops, and in-unit washer & dryers. The units feature a either a white or stainless steel kitchen appliance package, wall-unit A/Cs, and gas heater, as well as new bathroom vanities. The asset offers off-street parking, a gated courtyard, and mature landscaping.
Financial Summary (Pro Forma - 2026) 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 - 2026) 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 | $1,925,000 | Building Class | C |
| Price Per Unit | $240,625 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,840 SF |
| Cap Rate | 4.77% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MUSV | ||
| Price | $1,925,000 |
| Price Per Unit | $240,625 |
| Sale Type | Investment |
| Cap Rate | 4.77% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 3.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MUSV |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 011-193-04 | Total Assessment | $141,268 |
| Land Assessment | $87,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $53,768 | Tax Year | 2026 |
Property Taxes
Parcel Number
011-193-04
Land Assessment
$87,500
Improvements Assessment
$53,768
Total Assessment
$141,268
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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521 Sinclair
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