Multifamily Repositioning Opportunity in
For Sale
$42,000,000
1901 South Virginia Street, Reno, NV 89502
Multifamily repositioning with upgrades. High demand workforce housing.
Property SizeContact for details
Days on Market177
Property Features for 1901 South Virginia Street
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
NAI Alliance - Reno
(775) 250-5001
Listed By:
Brian Egan, CCIM · License #NV #BS.1000906
(775) 250-5001
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 29 at 6:33AM
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 NAI Alliance - Reno
Investment Insights
Based on property information with market context.
This multifamily repositioning project by Repvblik Development Group features upgrades to electrical, plumbing, and life-safety systems to meet multifamily standards. Designed to address Reno’s demand for workforce housing, the remodeled studios are priced affordably. Construction is scheduled for completion in early October 2023, and pre-leasing has commenced. One of the properties is located at 1901 S Virginia Street in downtown/MidTown, with proximity to Highway 395/I-580. The other property is located at 1400 Stardust Street in northwest Reno, near Interstate 80.
Key Highlights
- Newly remodeled studios designed for workforce housing.
- Affordably priced to meet high demand.
- Multifamily compliant upgrades to electrical, plumbing, and life‑safety systems.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,910
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily repositioning with upgrades. High demand workforce housing.
Where is this apartment building located?
The property is located at 1901 South Virginia Street Reno, NV.
What is the asking price?
The asking price for this property is $42,000,000.
What are key features of this property?
This property features: Newly remodeled studios designed for workforce housing.; Affordably priced to meet high demand.; Multifamily compliant upgrades to electrical, plumbing, and life‑safety systems.
