Renovated Six-Unit Apartment
For Sale
$1,725,000
1101 E Taylor St, Reno, NV 89502
Six two-bedroom, one-bath units feature recent renovations and onsite laundry, with owner financing available.
Property Size4,758 SF
Price / SF$362.55
Days on Market119
Property Features for 1101 E Taylor St
General Information
Standard status
Active
Size
4,758 SF
Additional Details
Multifamily Units
6
Amenities
onsite laundry
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Gold
(775) 722-5868
Listed By:
Angela Beard · License #48237
(775) 722-5868
Source:
Exprealty
Added: Apr 13
Changed: Jul 28
Last Checked: Aug 9 at 10:36AM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
The Taylor Decos is a six-unit apartment building on a large lot. The property offers a unit mix of six two-bedroom, one-bath residences, each described as 793 square feet. Recent renovations include LVP flooring, upgraded fixtures, new countertops, stainless steel appliances, tile shower and tub surrounds, modern lighting, and additional modern finishes. Onsite laundry is provided, and there is upside noted for adding in-unit laundry.
The property is described as providing access to restaurants, retail shops, Renown Medical Center, major bus lines, and community events, all just steps from the front door.
Owner financing is available, with the owner willing to carry a new first deed of trust at 4% interest with 40% down and a full balloon due in 3 to 5 years, subject to approved credit.
The property is described as providing access to restaurants, retail shops, Renown Medical Center, major bus lines, and community events, all just steps from the front door.
Owner financing is available, with the owner willing to carry a new first deed of trust at 4% interest with 40% down and a full balloon due in 3 to 5 years, subject to approved credit.
Key Highlights
- 6‑unit multifamily property with all units being 2 bed, 1 bath, 793 sq ft each
- Recent renovations include LVP flooring, upgraded fixtures, new countertops, stainless steel appliances, and modern lighting
- Updated bathroom finishes with tile shower and tub surrounds
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,479
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,229,580
$1.2M
Cap Rate 7%
$878,271
$878.3K
Cap Rate 9%
$683,100
$683.1K
Market Conditions
NOI Build-Up for 4,758 SF
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.
Gross rent
$117.0K $24.60/SF
− Vacancy
−$5.3K −$1.11/SF
EGI
$111.8K $23.49/SF
− OpEx
−$50.3K −$10.57/SF
NOI
$61.5K $12.92/SF
Area
Reno, NV
Vacancy
4.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,229,580
Cap Rate 7%
$878,271
Cap Rate 9%
$683,100
Alternative Uses
Best Use
Apartment 5plus
$878.3K
$768.5K – $1.02M
NOI $61,479 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,645 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,364
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six two-bedroom, one-bath units feature recent renovations and onsite laundry, with owner financing available.
Where is this apartment building located?
The property is located at 1101 E Taylor St Reno, NV.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 6‑unit multifamily property with all units being 2 bed, 1 bath, 793 sq ft each; Recent renovations include LVP flooring, upgraded fixtures, new countertops, stainless steel appliances, and modern lighting; Updated bathroom finishes with tile shower and tub surrounds
