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Tahoe MidTown Flats 734 Tahoe St 6 Unit Apartment Building $2,495,000 ($415,833/Unit) Reno, NV 89509

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INVESTMENT HIGHLIGHTS

  • Low Maintenance New Construction
  • 6 Total Spacious Units
  • Excellent 1031 Exchange Replacement Property
  • Custom Finishes Throughout
  • Located in Reno’s Popular MidTown Submarket
  • Excellent OBBBA 100% Bonus Depreciation Candidate

EXECUTIVE SUMMARY

Tahoe Midtown Flats consist of 6 units, constructed in 2024 with a diverse unit mix. This multifamily asset is located in popular the MidTown Reno Submarket. This Spanish Revival-inspired building offers a buyer a warrantied new modern design building with a popular unit mix. 4 one bedroom one bathroom units, 1 two bedroom two bathroom unit, and 1 three bedroom three bathroom unit. Each unit features custom finishes with large kitchens new washer dryers, larger closets, shaker style kitchen cabinets with crown molding trim, quartz counters, ceiling fans, and much more. Some units are designed to look and feel like a stand-alone house with vaulted ceilings, custom beams upgraded vanities, larger kitchens with islands, dining spaces, and class A fixtures throughout the unit. The common area is designed to enjoy the private outdoor space for all Northern Nevada’s great weather. Covered access points designed to make the apartments feel like they have grand entrances and proving protection from the weather. This is a great opportunity to acquire a well-built, low maintenance asset and is a great exchange property for an investor looking to reset their depreciation schedule and own multifamily units in a landlord friendly state.
The Tahoe Midtown Flats at 734 Tahoe Street in Reno, NV is located in MidTown Reno. The building is located 1 block from South Virginia St, which is right in the heart of the submarket proving a great live – work -play lifestyle. This popular location provides easy access to all Northern Nevada’s most popular events, restaurants, coffee shops, and bars.

PROPERTY FACTS

Price $2,495,000
Price Per Unit $415,833
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.14 AC
Building Size 5,236 SF
Average Occupancy 100%
No. Stories 2
Year Built 2024
Zoning MU-MC - Mixed Use Multi-Family

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Freezer
  • Island Kitchen

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Picnic Area
  • Tenant Controlled HVAC
  • Smoke Free
  • Walking/Biking Trails
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $1,700 798
2+2 1 $1,900 903
3+3 1 $2,500 1,596
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34773618

  • Date on Market: 2/10/2025

  • Last Updated:

  • Address: 734 Tahoe St, Reno, NV 89509

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