Nine-Unit Investment Property in
For Sale
$1,350,000
1-11-747 Willow St, Reno, NV 89502
Stable income property near Midtown, Downtown, hospitals, and UNR.
Property SizeContact for details
Days on Market124
Property Features for 1-11-747 Willow St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$2,562
Listing Agency:
Dickson Realty - Downtown
(775) 360-0060
Listed By:
Jacqueline Lescott · License #S.187479
(775) 360-0060
Source:
Exprealty
Added: Apr 29
Changed: Aug 25
Last Checked: Aug 29 at 12:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dickson Realty - Downtown
Investment Insights
Based on property information with market context.
This nine-unit investment property features a history of consistent income generation. The property includes three buildings: a five-unit building and two duplexes. The five-unit building and one duplex have had their roofs replaced within the past two years. Located near Midtown and Downtown Reno, the property offers convenient access to I-80 and I-580 freeways, Renown Hospital, and the VA Hospital. The University of Nevada, Reno is approximately 2.5 miles away. All units have been updated in the last four years. The property generates over $106,000 in gross rental income. Current rents are below market rates, presenting an opportunity to increase income upon lease expiration. The self-managed CAP rate exceeds six percent.
Key Highlights
- Proven track record of generating over $106,000 in gross rental income.
- Opportunity to increase income by raising rents to market rates.
- Nine units (5‑plex and two duplexes) provide a diversified investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Stable income property near Midtown, Downtown, hospitals, and UNR.
Where is this apartment building located?
The property is located at 1-11-747 Willow St Reno, NV.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Proven track record of generating over $106,000 in gross rental income.; Opportunity to increase income by raising rents to market rates.; Nine units (5‑plex and two duplexes) provide a diversified investment.
