Remodeled Duplex with In-Unit
For Sale
$1,325,000
1104 Ralston Street 1-4, Reno, NV 89503
The 0.275-acre corner lot includes room to add additional units.
Property Size3,510 SF
Lot Size0.28 Acres
Price / SF$377.49
Days on Market77
Property Features for 1104 Ralston Street 1-4
General Information
Standard status
Active
Size
3,510 SF
Lot size
0.28 Acres
Property subtype
Duplex
Zoning
MF-14
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,657
Amenities
in-unit laundry
on-site parking
walk around porch
stainless steel appliances
mini splits
Building Details
Building Size
3,510 SF
Year Built
1910
Buildings
1
Listing Agency:
Marmont Properties
Listed By:
Kirsch Real Estate Team · License #S.176875
(775) 391-9076
Source:
Kirschrealestateteam
Added: Aug 13
Changed: Oct 26
Last Checked: Oct 26 at 3:39PM
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 Marmont Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,510-square-foot duplex contains 9 bedrooms and 5.5 bathrooms. The property has been remodeled with new electrical and plumbing, a newer roof, tankless water heaters, and multiple mini-split systems. Interiors include LVP and wood-look tile flooring, tiled shower surrounds, quartz countertops, and stainless steel appliances. In-unit laundry and a walk-around porch serve the residences, with on-site parking on the private corner parcel.
The property is in Reno’s University rental submarket, a short distance from the University of Nevada, Reno. MF-14 zoning and the 0.275-acre lot are noted, with space on the parcel for additional units.
The property is in Reno’s University rental submarket, a short distance from the University of Nevada, Reno. MF-14 zoning and the 0.275-acre lot are noted, with space on the parcel for additional units.
Key Highlights
- Duplex with 9 bedrooms and 5.5 bathrooms
- 3,510 square feet on a 0.275‑acre corner lot
- MF‑14 zoning; room on the lot to add additional units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,216
Cap Rate
3.94%
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 3.94%
Second Best
Apartment 5plus
$647.9K
$566.9K – $755.9K
NOI $45,353 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.08M
$946.5K – $1.26M
NOI $75,722 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The 0.275-acre corner lot includes room to add additional units.
Where is this duplex located?
The property is located at 1104 Ralston Street 1-4 Reno, NV.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Duplex with 9 bedrooms and 5.5 bathrooms; 3,510 square feet on a 0.275‑acre corner lot; MF‑14 zoning; room on the lot to add additional units
