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    Turnkey Multifamily Investment Opportunity
    Updated: Sep 25, 2025
    Turnkey Multifamily Investment Opportunity

    2151 Patton Drive, Reno, NV 89512

    $1,450,000
    6,816 sqft
    High‑performing, fully occupied 8‑unit multi‑family property boasting $119,460 gross income, $87,997 NOI, and a 6.06% CAP rate.
    Qualifies for conventional financing due to each 4‑plex being on its own parcel.
    Seller financing available with 50% down, terms negotiable.
    New roofs (2023/2025) with warranties, fresh exterior paint, updated windows/sliders, and resealed parking lot.
    Turnkey investment with strong cash flow and individually metered units for Power & Gas.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2151 Patton Drive, Reno, NV 89512,

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $88K
      Annual

    • Price @ 7% Cap

      $1.26M
      Suggested
    View Property Analytics
    Reno Multifamily Investment Opportunity
    Updated: Apr 29
    Reno Multifamily Investment Opportunity

    921 Willow Street, Reno, NV 89502

    $1,862,000
    5,549 sqft 0.29 AC lot
    Twelve‑unit investment property built in 1957 with 4 buildings on site: a 4‑plex, a 2‑plex, and two 3‑plexes
    Unit mix includes studios through two‑bedrooms, with two units having private yards
    Fully fenced central yard area for the property
    New roof installed on one 3‑plex within the last two years; roofing includes shingle, flat, and asphalt types
    All units updated within the last 4 years for easier turnovers
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    Mixed-Use Development Parcel
    Mixed-Use Development Parcel

    1496 S Virginia Street, Reno, NV 89502

    $4,500,000
    4,900 sqft 1.24 AC lot

    Zoned MU MD with two tenant-occupied buildings across three parcels, totaling 1.24 acres.

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    Updated Six-Unit Multifamily Property
    Updated Six-Unit Multifamily Property

    1385 W 6th Street, Reno, NV 89503

    $949,000
    4,094 sqft 0.18 AC lot

    Updated six-unit multifamily with partially renovated interiors and outdoor patios/balconies in Reno’s northwest.

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    Multifamily Investment Near Midtown Reno
    Multifamily Investment Near Midtown Reno

    1761 Stewart St, Reno, NV 89502

    $1,075,000
    4,256 sqft

    Multifamily investment property featuring six spacious units near Midtown Reno.

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    Nine-Unit Multifamily Investment Property
    Nine-Unit Multifamily Investment Property

    747 Willow Street, Reno, NV 89502

    $1,350,000
    3,822 sqft 0.18 AC lot

    Three buildings totaling nine units, including a five-plex and two duplexes, with recent roof and unit updates.

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    Mixed-Use Land Parcel
    Mixed-Use Land Parcel

    101 S Wells Avenue, Reno, NV 89502

    $790,000
    0.27 AC lot

    Mixed-use corner parcel with available Phase 1 and geotechnical inspections for informed redevelopment planning.

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    Multifamily Property with 10 Units
    Multifamily Property with 10 Units

    1030 Berrum Ln, Reno, NV 89509

    $2,600,000
    10,400 sqft

    Multifamily property featuring 10 units.

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    Nine-Unit Investment Property in Reno
    Nine-Unit Investment Property in Reno

    1-11-747 Willow St, Reno, NV 89502

    $1,350,000

    Stable income property near Midtown, Downtown, hospitals, and UNR.

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    Multifamily Repositioning Opportunity in Reno
    Multifamily Repositioning Opportunity in Reno

    1901 South Virginia Street, Reno, NV 89502

    $42,000,000

    Multifamily repositioning with upgrades. High demand workforce housing.

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    Multifamily Repositioning Project in Reno
    Multifamily Repositioning Project in Reno

    1400 Stardust St, Reno, NV, Reno, NV 89503

    Contact for pricing

    Multifamily property with compliant upgrades, designed for workforce housing.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Reno, NV, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    3686 Primrose Road, South Lake Tahoe, CA 96150

    $688,000
    2,206 sqft 0.11 AC lot

    Five tenant-occupied units with covered parking for four and on-site basement storage.

    View details
    Converted Motel Studio Apartment Building
    Converted Motel Studio Apartment Building

    1089 E Main Street, Quincy, CA 95971

    $429,000
    2,500 sqft 0.45 AC lot

    Converted lodging building in Quincy with four studio apartments and a centrally located three-bedroom home, fully occupied.

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    South Lake Tahoe Multifamily Property
    South Lake Tahoe Multifamily Property

    1036 Moss Rd, South Lake Tahoe, CA 96150

    $1,150,000
    3,176 sqft 0.23 AC lot

    Seven-unit multifamily property in South Lake Tahoe near Stateline.

    View details
    Multifamily Cabin Property
    Multifamily Cabin Property

    355 Lawrence Street, Quincy, CA 95971

    $750,000
    441 sqft 0.65 AC lot

    Ten separately metered cabins include one- and two-bedroom units plus an additional storage building in a C1-zoned setting.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    Off-Market Properties in Reno, NV

    Consider similar Off-Market properties in Reno, NV. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    200 2nd St, Unit 503
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 2nd St, Reno, NV 89501-1266

    Unit 503
    Value Estimation by Request
    770 sqft 0.02 AC lot
    View details
    280 Is Ave, Unit 1602
    APARTMENT HOUSE (UNDER 5 UNITS)

    280 Is Ave, Reno, NV 89501-1806

    Unit 1602
    $640,000
    Estimated value
    1,651 sqft 0.04 AC lot
    View details
    100 Arlington Ave, Unit 22H
    APARTMENT HOUSE (UNDER 5 UNITS)

    100 Arlington Ave, Reno, NV 89501-1227

    Unit 22H
    Value Estimation by Request
    655 sqft 0.02 AC lot
    View details
    100 Arlington Ave, Unit 22G
    APARTMENT HOUSE (UNDER 5 UNITS)

    100 Arlington Ave, Reno, NV 89501-1227

    Unit 22G
    Value Estimation by Request
    674 sqft 0.02 AC lot
    View details
    200 2nd St, Unit 711
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 2nd St, Reno, NV 89501-1264

    Unit 711
    Value Estimation by Request
    426 sqft 0.01 AC lot
    View details
    200 2nd St, Unit 413
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 2nd St, Reno, NV 89501-1268

    Unit 413
    Value Estimation by Request
    486 sqft 0.01 AC lot
    View details
    100 Arlington Ave, Unit 10A
    APARTMENT HOUSE (UNDER 5 UNITS)

    100 Arlington Ave, Reno, NV 89501-1218

    Unit 10A
    Value Estimation by Request
    477 sqft 0.01 AC lot
    View details
    280 Is Ave, Unit 603
    APARTMENT HOUSE (UNDER 5 UNITS)

    280 Is Ave, Reno, NV 89501-1802

    Unit 603
    Value Estimation by Request
    1,321 sqft 0.03 AC lot
    View details
    200 2nd St, Unit 1102
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 2nd St, Reno, NV 89501-1258

    Unit 1102
    Value Estimation by Request
    1,561 sqft 0.04 AC lot
    View details
    100 Arlington Ave, Unit 5B
    APARTMENT HOUSE (UNDER 5 UNITS)

    100 Arlington Ave, Reno, NV 89501-1214

    Unit 5B
    Value Estimation by Request
    475 sqft 0.01 AC lot
    View details
    200 2nd St, Unit 707
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 2nd St, Reno, NV 89501-1264

    Unit 707
    Value Estimation by Request
    1,459 sqft 0.03 AC lot
    View details
    200 2nd St, Unit 1001
    APARTMENT HOUSE (UNDER 5 UNITS)

    200 2nd St, Reno, NV 89501-1259

    Unit 1001
    Value Estimation by Request
    466 sqft 0.01 AC lot
    View details
    280 Is Ave, Unit 506
    APARTMENT HOUSE (UNDER 5 UNITS)

    280 Is Ave, Reno, NV 89501-1802

    Unit 506
    Value Estimation by Request
    801 sqft 0.02 AC lot
    View details

    Reno, NV Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Reno, NV, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 39,837 square feet of properties for sale, with an estimated market value of $13,786,000.

    Sale prices for two-family homes in Reno, NV start at $949,000, averaging $1,969,428, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Map

    Demographics Overview

    Population 323K
    Population Growth (5Y) +7.0%
    Median Household Income $87,673
    College Educated 32.3%

    High-Yield Neighborhoods for Investment

    Identify Reno submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    89503 $1.2M
    89512 $1.5M
    89501 $1.6M
    89509 $2.6M
    89502 $7.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.36%
    Property Tax per SF $48.20 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washoe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washoe County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Reno fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Reno, NV

    • 89502
    • 89503
    • 89509
    • 89512

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