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650 Denslowe Dr
Reno, NV 89512
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Desirable investment location minutes from University of Nevada, Reno and downtown
- Off-street parking for six vehicles on a landscaped, low-maintenance lot
- Strong value-add opportunity through interior upgrades and market rent increases
- Private front and back entrances for each unit; balconies for upstairs units
- Fully leased with long-term tenants, offering immediate and dependable cash flow
Executive Summary
An excellent multi-family investment opportunity in the heart of Reno. This well-maintained fourplex offers stable in-place income and room for upside, making it an attractive choice for seasoned and first-time investors alike. Located across from the University of Nevada, Reno, and within reach of downtown amenities, employment hubs, and entertainment venues, the property sits in one of Reno’s strongest rental demand corridors.
Each unit features a functional two-bedroom, one-bathroom layout with the rare convenience of both front and back private entrances. Upstairs units enjoy private balconies, while shared amenities include off-street parking for six vehicles and a level landscaped lot that ensures easy upkeep. All units have long-term tenants in place, providing immediate cash flow from day one.
Minimal maintenance and efficient unit configurations make this property a hassle-free addition to any investment portfolio. Future improvements such as unit upgrades provide clear opportunities to increase rental rates in a market with proven long-term growth.
Each unit features a functional two-bedroom, one-bathroom layout with the rare convenience of both front and back private entrances. Upstairs units enjoy private balconies, while shared amenities include off-street parking for six vehicles and a level landscaped lot that ensures easy upkeep. All units have long-term tenants in place, providing immediate cash flow from day one.
Minimal maintenance and efficient unit configurations make this property a hassle-free addition to any investment portfolio. Future improvements such as unit upgrades provide clear opportunities to increase rental rates in a market with proven long-term growth.
Property Facts
| Price Per Unit | $185,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.16% | Building Size | 2,966 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2010 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF30 | ||
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,966 SF |
| No. Stories | 2 |
| Year Built | 2010 |
| Opportunity Zone |
Yes |
| Zoning | MF30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 008-013-08 | Improvements Assessment | $27,321 |
| Land Assessment | $57,750 | Total Assessment | $85,071 |
Property Taxes
Parcel Number
008-013-08
Land Assessment
$57,750
Improvements Assessment
$27,321
Total Assessment
$85,071
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