Renovated Six-Unit Apartment
1101 E Taylor St, Reno, NV 89502
For Sale
$1,725,000
Six two-bedroom, one-bath units feature recent renovations and onsite laundry, with owner financing available.
Property Size4,760 SF
Price / SF$362.39
Days on Market110
Property Features for 1101 E Taylor St
General Information
Standard status
Size
Additional Details
Multifamily Units
Amenities
onsite laundry
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX Gold
Listed By:
Angela Beard · License NV #48237
(775) 722-5868
Source:
Hauspg-nv
Added: Jul 27
Changed: Oct 25
Last Checked: Nov 12 at 10:10AM
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
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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 / Yr
$61,505
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,100
$1.2M
Cap Rate 7%
$878,643
$878.6K
Cap Rate 9%
$683,389
$683.4K
Market Conditions
NOI Build-Up for 4,760 SF
Gross rent
$117.1K $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 Rate 5%
$1,230,100
Cap Rate 7%
$878,643
Cap Rate 9%
$683,389
Alternative Uses
Best Use
Apartment 5plus
$878.6K
$768.8K – $1.03M
NOI $61,505 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,688 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
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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
$389,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Reno, NV
Properties on Market for Apartment buildings in Reno
Vacancy Rate% for Multifamily in West region
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
