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927 and 547 Ralston Street - 17 Units 2 Multifamily Properties Offered at $3,091,307 in Reno, NV
INVESTMENT HIGHLIGHTS
- Highly walkable locations close to UNR, St. Mary's, ROC, and downtown Reno.
- Close to Interstate 80, within blocks of each other
- Recent Updating and pride of ownership
EXECUTIVE SUMMARY
These properties, both conveniently located on Ralston Street in Reno, NV, just blocks from each other, are in the UNR and the Saint Mary's Hospital/Reno Orthopedic submarkets. With strong rents, stable occupancy, and fantastic returns, they are ready to be sold together. There is a combined cap rate of 6.45%, with 927 Ralston being valued slightly higher due to recent updating done throughout the property, inside and out. Frederick DeLongchamps was involved in the architecture at 547 Ralston Street, and his unique and charming elements add to the fun and historic attractiveness of this asset, which is ready for updating but remains fully leased with long term residents.
Both properties underwent hundreds of thousands of dollars or remodel/restoration over the last couple of years (please see attached Improvement lists), in anticipation of being a long-term hold for the Sellers. Personal changes in family circumstances have changed the strategy, and their expense is the Buyer's benefit. The heavy lifting has been done in many ways, and these easy-to-manage properties run very efficiently. Upside in rents is very possible, especially at 547 Ralston.
Additional laundry room revenue from 927 Ralston has not been included in the financials/valuation. Call for financial update!
All financial information is reported by Sellers/to be verified.
Both properties underwent hundreds of thousands of dollars or remodel/restoration over the last couple of years (please see attached Improvement lists), in anticipation of being a long-term hold for the Sellers. Personal changes in family circumstances have changed the strategy, and their expense is the Buyer's benefit. The heavy lifting has been done in many ways, and these easy-to-manage properties run very efficiently. Upside in rents is very possible, especially at 547 Ralston.
Additional laundry room revenue from 927 Ralston has not been included in the financials/valuation. Call for financial update!
All financial information is reported by Sellers/to be verified.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,091,307 | Status | Active |
| Price / SF | $261.16 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.45% | Total Building Size | 11,837 SF |
| Sale Type | Investment | Total Land Area | 0.38 AC |
| Price | $3,091,307 |
| Price / SF | $261.16 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,837 SF |
| Total Land Area | 0.38 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 927 Ralston St, Reno, NV 89503 | Multifamily | 7,105 SF | 1962 | - |
| 547 Ralston St, Reno, NV 89503 | Multifamily | 4,732 SF | 1928 | - |
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927 and 547 Ralston Street - 17 Units
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