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645 Quincy St 5 Unit Apartment Building $1,250,000 ($250,000/Unit) 5.32% Cap Rate Reno, NV 89512
Executive Summary
4-UNIT BUILDING + SINGLE-FAMILY COTTAGE
645 Quincy offers a rare and unique investment opportunity featuring a 4-unit apartment building (all
1BR/1BA units) plus a fully renovated 2BR/1BA single-family cottage on the same lot. This turnkey asset in
central Reno combines the income stability of multifamily with the charm and appeal of a standalone cottage.
Both structures have been extensively renovated with modern finishes including luxury vinyl plank flooring,
updated kitchens with modern countertops and shaker cabinets, and stainless steel appliances.
645 Quincy offers a rare and unique investment opportunity featuring a 4-unit apartment building (all
1BR/1BA units) plus a fully renovated 2BR/1BA single-family cottage on the same lot. This turnkey asset in
central Reno combines the income stability of multifamily with the charm and appeal of a standalone cottage.
Both structures have been extensively renovated with modern finishes including luxury vinyl plank flooring,
updated kitchens with modern countertops and shaker cabinets, and stainless steel appliances.
Data Room Click Here to Access
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 | $1,250,000 | Building Class | B |
| Price Per Unit | $250,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,160 SF |
| Cap Rate | 5.32% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MU | ||
| Price | $1,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 3,160 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
| Zoning | MU |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 684 |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | 008-195-22 | Total Assessment | $108,797 |
| Land Assessment | $58,275 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $50,522 | Tax Year | 2026 |
Property Taxes
Parcel Number
008-195-22
Land Assessment
$58,275
Improvements Assessment
$50,522
Total Assessment
$108,797
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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645 Quincy St
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