MidTown Reno Multifamily
343 & 347 Mount Rose St. Reno, NV 89509
For Sale
Under Contract
$1,431,000
MULTI_FAMILY - Reno, NV
Property Size3,894 SF
Lot Size0.16 Acres
Price / SF$367.49
Days on Market320
Property Features for 343 & 347 Mount Rose St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MU-RES
Bedrooms
5
Bathrooms
6
Rooms
Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 2
Parking
6
Parking features
Assigned, Garage, Alley, Open
Window features
Wood Frames, Vinyl Frames, Blinds, Skylight(s), Double Pane Windows
Patio and Porch features
Patio, Deck
Interior features
Ceiling Fan(s), No Interior Steps, Vaulted Ceiling(s)
Exterior features
Awning(s), Balcony, Rain Gutters
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Microwave, Refrigerator, Self Cleaning Oven, Washer
Standard status
Active Under Contract
APN
014-213-27
Size
3,894 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
6398
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Fireplace(s), Forced Air, Varies by Unit (Heating)
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
4
Flooring type
Laminate, Varies, Wood
Building materials
Asbestos, Stucco
Roof type
Shingle, Composition
Listing Agency:
Keller Williams Group One Inc.
(775) 823-8787
Listed By:
Dyan Chapman · License #S.190044
(775) 813-8270
Added: Sep 12, 2025
Changed: Jun 9
Last Checked: Jul 28 at 7:06AM
MLS# 250055872
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Reno's MidTown District, at 343 & 347 Mount Rose St, this multifamily property offers a blend of charm and modern convenience. The location is in a desirable neighborhood known for arts, culture, theatre, and dining. The property is suitable for both owner occupants and investors. 343 Mount Rose St. features a single-level main residence, accompanied by a second unit. A breezeway patio runs the length of the home, leading to the front door. 347 Mount Rose St., constructed in 2017, is a modern duplex with alley access. Each of the two units spans three stories and includes one bedroom, plus a den or office, and two bathrooms. Additional features include an attached one-car garage with two storage spaces, two private balconies, fenced patio space, and vaulted ceilings. The property is located in a walkable, lively neighborhood. The front house has a newer roof from 2024. The property size is 3894 square feet and the lot size is 0.16 acres.
Key Highlights
- Prime location in Reno's MidTown District, known for arts, culture, dining, and walkability.
- Excellent investment potential with four units: a main residence, a second unit, and a modern duplex.
- Modern 2017 duplex features: 1 bed + den/office, 2 baths, garage, storage, balconies, patio, and vaulted ceilings.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $22.20 |
| − Vacancy | −$3.7k | −$0.95 |
| EGI | $82.8k | $21.25 |
| − OpEx | −$24.8k | −$6.38 |
| NOI | $57.9k | $14.88 |
3,894 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$827.6K
$724.1K – $965.5K
NOI $57,929 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$718.8K
$628.9K – $838.6K
NOI $50,315 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,006 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Charming multifamily property in Reno's vibrant MidTown District.
Where is this quadplex located?
The property is located at 343 & 347 Mount Rose St. Reno, NV.
What is the asking price?
The asking price for this property is $1,431,000.
What are key features of this property?
This property features: Prime location in Reno's MidTown District, known for arts, culture, dining, and walkability.; Excellent investment potential with four units: a main residence, a second unit, and a modern duplex.; Modern 2017 duplex features: 1 bed + den/office, 2 baths, garage, storage, balconies, patio, and vaulted ceilings.
