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80 Vine St
Reno, NV 89503
Multifamily Property For Sale
·
5 Units
Executive Summary
Welcome to 80 Vine Street, a beautifully renovated property tucked into one of Reno's most walkable and established neighborhoods. Just blocks from downtown Reno's restaurants, shops, and entertainment, and within walking distance of the Truckee River and the University of Nevada, this property offers the rare combination of small-town charm and city convenience.
Built in 1987 and thoughtfully updated throughout, the property features five separate living spaces, one two-bedroom and four one-bedroom units, each finished with modern vinyl-plank flooring, refreshed cabinetry, and updated fixtures. Whether you're looking for a place to call home while the additional units help cover your monthly costs, or simply want a well-maintained property in a fantastic Reno location, 80 Vine Street delivers.
Four of the five units are currently leased, providing income from day one, while the fifth is move-in ready for an owner or new resident. On-site coin laundry adds everyday convenience.
Set in a state with no personal income tax, and just minutes from downtown Reno, the Sierra foothills, and Lake Tahoe, this property offers an easy, low-maintenance lifestyle in one of the region's most desirable pockets.
Built in 1987 and thoughtfully updated throughout, the property features five separate living spaces, one two-bedroom and four one-bedroom units, each finished with modern vinyl-plank flooring, refreshed cabinetry, and updated fixtures. Whether you're looking for a place to call home while the additional units help cover your monthly costs, or simply want a well-maintained property in a fantastic Reno location, 80 Vine Street delivers.
Four of the five units are currently leased, providing income from day one, while the fifth is move-in ready for an owner or new resident. On-site coin laundry adds everyday convenience.
Set in a state with no personal income tax, and just minutes from downtown Reno, the Sierra foothills, and Lake Tahoe, this property offers an easy, low-maintenance lifestyle in one of the region's most desirable pockets.
Property Facts
| Price Per Unit | $230,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.29% | Building Size | 3,083 SF |
| Gross Rent Multiplier | 13.93 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | MD-PD | ||
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| Gross Rent Multiplier | 13.93 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,083 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2020 |
| Parking Ratio | 1.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MD-PD |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,263 | 576 - 644 |
| 2+2 | 1 | $1,950 | 1,056 |
| 1+1.5 | 1 | $1,350 | 747 |
Property Taxes
| Parcel Number | 011-091-13 | Improvements Assessment | $72,063 |
| Land Assessment | $63,875 | Total Assessment | $135,938 |
Property Taxes
Parcel Number
011-091-13
Land Assessment
$63,875
Improvements Assessment
$72,063
Total Assessment
$135,938
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