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    734 Tahoe St Reno, NV 89509

    Sponsored
    For Sale
    $2,595,000

    Luxury 6-unit building, prime location

    Property size:
    5,236 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    330
    This exceptional 6-unit apartment building, constructed in 2024, presents a compelling investment opportunity. Located in Reno's desirable Midtown submarket, at 734 Tahoe Street, this Class A property boasts 5,236 square feet of net rentable space on a 0.138-acre lot. The building features a mix of unit sizes: four one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three-bedroom/three-bathroom unit, all with 100% occupancy. Each unit showcases custom finishes, including large kitchens, new washer/dryers, spacious closets, shaker-style cabinets with crown molding, quartz countertops, and ceiling fans. Select units offer upgraded features such as vaulted ceilings, custom beams, enhanced vanities, larger kitchens with islands, and dining spaces. The Spanish Revival-inspired design incorporates a thoughtfully designed common area and covered access points, enhancing the overall appeal. Its proximity to South Virginia Street provides convenient access to Reno's vibrant Midtown amenities, including restaurants, shops, and entertainment venues. This low-maintenance property is ideal for investors seeking a strong return and a desirable location in a landlord-friendly state. The property's permitted zoning is MU-MC, and its APN is 011-272-10. This is a warranted new construction offering a compelling opportunity for a 1031 exchange. The asking price is $2,595,000.

    Property Features for 734 Tahoe St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,236 SF
    Class
    A
    Lot Size
    6,011 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    2
    Units
    6

    HighLights

    • $2,595,000 asking price for this Class A multifamily property.
    • Brand new (2024) construction, low‑maintenance apartment building.
    • Six spacious units with custom finishes.
    • Located in Reno's desirable Midtown submarket.
    • Excellent 1031 exchange opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Building Supply Clothing Store Nail Salon Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.809688
    Latitude
    39.5175173

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 6-unit building, prime location
    Where is this multifamily property located?
    The property is located at 734 Tahoe St Reno, NV.
    What is the asking price?
    The asking price for this property is $2,595,000.
    What are key features of this property?
    This property features: $2,595,000 asking price for this Class A multifamily property.; Brand new (2024) construction, low-maintenance apartment building.; Six spacious units with custom finishes.
    Request Owner's contact information
    734 Tahoe St Reno, NV 89509
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    Realmo Value Estimation

    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.

    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.

    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
    734 Tahoe St Reno, NV 89509
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