Remodeled Duplex on Corner
1104 Ralston, Reno, NV 89503
For Sale
$1,225,000
The property includes MF14 zoning, private on-site parking, and in-unit laundry.
Property Size3,510 SF
Lot Size0.28 Acres
Price / SF$349
Days on Market97
Property Features for 1104 Ralston
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Amenities
on-site parking
in-unit laundry
walk around porch
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Gold
Listed By:
Angela Beard · License NV #48237
(775) 722-5868
Source:
Ferrari-lund
Added: Aug 9
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
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.
This 3,510-square-foot duplex, built in 1910, contains 9 bedrooms and 5.5 bathrooms on a 0.275-acre parcel. The existing improvements have undergone extensive renovation, including updated electrical and plumbing systems, a newer roof, newer tankless water heaters, multiple mini splits, and recent exterior paint. Interior finishes include LVP and wood-look tile flooring, wood beams, upgraded wall texture, tiled bathroom showers, wood-look cabinetry, quartz counters, and stainless steel appliances. In-unit laundry and a wraparound porch add functional amenities for occupants.
The property is positioned on a private corner lot within the University rental submarket and has room on the site for additional units. MF14 zoning is in place, and the University of Nevada Reno is a short distance away. On-site parking serves the existing duplex.
The property is positioned on a private corner lot within the University rental submarket and has room on the site for additional units. MF14 zoning is in place, and the University of Nevada Reno is a short distance away. On-site parking serves the existing duplex.
Key Highlights
- 3,510 SF duplex with 9 bedrooms and 5.5 bathrooms
- 0.275‑acre private corner lot with room for additional units
- MF14 zoning within the University rental submarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,216
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,320
$1.0M
Cap Rate 7%
$745,943
$745.9K
Cap Rate 9%
$580,178
$580.2K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$77.9K $22.20/SF
− Vacancy
−$3.3K −$0.95/SF
EGI
$74.6K $21.25/SF
− OpEx
−$22.4K −$6.38/SF
NOI
$52.2K $14.88/SF
Area
Reno, NV
Vacancy
4.27%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,320
Cap Rate 7%
$745,943
Cap Rate 9%
$580,178
Alternative Uses
Best Use
Multifamily LT 5
$745.9K
$652.7K – $870.3K
NOI $52,216 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$647.9K
$566.9K – $755.9K
NOI $45,353 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.08M
$946.5K – $1.26M
NOI $75,722 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
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Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Reno, NV
Properties on Market for Duplexes in Reno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes MF14 zoning, private on-site parking, and in-unit laundry.
Where is this duplex located?
The property is located at 1104 Ralston Reno, NV.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 3,510 SF duplex with 9 bedrooms and 5.5 bathrooms; 0.275‑acre private corner lot with room for additional units; MF14 zoning within the University rental submarket
