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    343 Mount Rose St Reno, NV 89509

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    Sponsored
    For Sale
    $1,431,000

    MULTI_FAMILY - Reno, NV

    Property size:
    3,894 SF
    Lot size:
    0.16 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 13 at 10:06 pm

    Property Features for 343 Mount Rose St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Skylight(s), Blinds, Wood Frames, Double Pane Windows, Vinyl Frames
    Zoning
    MU-RES
    Rooms
    Bathroom 6, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 4, Bathroom 4, Bedroom 5
    Bedrooms
    5
    APN
    014-213-27
    Parking
    6
    Parking features
    Assigned, Open, Garage, Alley
    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
    Size
    3,894 SF
    Lot size
    0.16 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Fireplace(s), Varies by Unit (Heating), Forced Air
    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

    We can help!

    Listing Contact
    Dyan Chapman

    Keller Williams Group One, Inc. (775) 823-8787

    Listing agent Dyan Chapman (775) 813-8270 License #S.190044

    Listing date Feb 21, 2026

    MLS# 250055872 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    MidTown Reno Multifamily Investment

    Located in the heart of Reno's vibrant 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 spacious single-level main residence, complemented by a second unit. The front door is accessed down a few steps, with a breezeway patio that runs the length of the home. 347 Mount Rose St., built 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, two bathrooms, an attached one-car garage, two private balconies, fenced patio space, and vaulted ceilings. The property is situated in a walkable, lively neighborhood. The front house has a newer roof from 2024. The property size is 3894 square feet on a lot of 0.16 acres. The zoning is MU-RES.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Law Firm Spa & Massage Center Hair Salon Building Supply Nail Salon Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.810585
    Latitude
    39.509904

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    FAQs

    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 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 single-level main residence and a modern duplex.; - Modern 2017 duplex features: 3-story units, 1 bed + den/office, 2 baths, garage, 2 balconies, fenced patio, vaulted ceilings.
    (775) 813-8270
    Request Owner's contact information
    343 Mount Rose St Reno, NV 89509
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    Reno, NV 89509
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    343 Mount Rose St Reno, NV 89509
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    We can help!
    Listing Contact
    Dyan Chapman
    Real Estate License ID: S.190044
    (775) 813-8270
    Learn more
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