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670 Denslowe Dr 4 Unit Apartment Building $749,000 ($187,250/Unit) 5.63% Cap Rate Reno, NV 89512
Investment Highlights
- Close proximity to the University of Nevada (UNR)
- Mini-Split Heating & Cooling
- In-Unit Washer & Dryer
Executive Summary
Well priced four-unit investment property with a proven track record of generating stable income for the owner. The close proximity to The University of Nevada Reno historically keeps vacancy low. 100% tenant occupied and generating over $54,000 in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Units have washer & dryers and mini-split heating & cooling. APOD available, just call. Tenant occupied - please do not disturb them
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,420
|
$18.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,361
|
$0.46
|
| Effective Gross Income |
$53,059
|
$17.89
|
| Taxes |
$1,113
|
$0.38
|
| Operating Expenses |
$9,755
|
$3.29
|
| Total Expenses |
$10,868
|
$3.66
|
| Net Operating Income |
$42,191
|
$14.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $54,420 |
| Annual Per SF | $18.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,361 |
| Annual Per SF | $0.46 |
| Effective Gross Income | |
|---|---|
| Annual | $53,059 |
| Annual Per SF | $17.89 |
| Taxes | |
|---|---|
| Annual | $1,113 |
| Annual Per SF | $0.38 |
| Operating Expenses | |
|---|---|
| Annual | $9,755 |
| Annual Per SF | $3.29 |
| Total Expenses | |
|---|---|
| Annual | $10,868 |
| Annual Per SF | $3.66 |
| Net Operating Income | |
|---|---|
| Annual | $42,191 |
| Annual Per SF | $14.22 |
Property Facts
| Price | $749,000 | Lot Size | 0.14 AC |
| Price Per Unit | $187,250 | Building Size | 2,966 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.63% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1952/2017 |
| Property Type | Multifamily | Parking Ratio | 1.35/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | MF30 - Multi-Family 30 Units per Acre | ||
| Price | $749,000 |
| Price Per Unit | $187,250 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 2,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2017 |
| Parking Ratio | 1.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF30 - Multi-Family 30 Units per Acre |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Dining Room
- Double Pane Windows
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 741 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 008-013-09 | Total Assessment | $84,892 (2026) |
| Land Assessment | $57,750 (2026) | Annual Taxes | $1,113 ($0.38/SF) |
| Improvements Assessment | $27,143 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
008-013-09
Land Assessment
$57,750 (2026)
Improvements Assessment
$27,143 (2026)
Total Assessment
$84,892 (2026)
Annual Taxes
$1,113 ($0.38/SF)
Tax Year
2025
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670 Denslowe Dr
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