Value-Add 8-Unit Apartment
755 Moran Street Reno, NV 89502
755 Moran Street, Reno, NV, 89502
$1,498,000
For Sale
$1,498,000
1971-built 8-plex with eight one-bedroom units, individually metered utilities, and unit interiors that can be modernized.
Property Size5,440 SF
Price / SF$275.37
Days on Market537
Property Features for 755 Moran Street
General Information
- Standard status
- Active
- Size
- 5,440 SF
- Property subtype
- Multi-Family / Apartment Building (up to 8 Units)
Building Details
- Year Built
- 1971
Listing agency
Sierra Nevada Properties-Reno
(775) 772-7573
Listed by
Henry Huang · License #S.176961
(775) 772-7573
Source
Compass
Added: Feb 1, 2025 Updated: Jul 22 at 6:38AM Checked: Jul 22 at 6:38AM
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 Sierra Nevada Properties-Reno
Investment Insights
Based on property information with market context.
This value-add multifamily offering is an 8-unit apartment building built in 1971. The property includes eight one-bedroom units, with each unit averaging approximately 675 square feet. The building features individual utility metering for each unit and functional layouts that may be modernized to improve tenant appeal and support higher rental income.
The asset is located at 755 Moran Street in Reno, Nevada.
As currently configured, the property provides a straightforward 8-plex unit mix of one-bedroom apartments with separate utilities already in place, offering a clear platform for interior updates.
The asset is located at 755 Moran Street in Reno, Nevada.
As currently configured, the property provides a straightforward 8-plex unit mix of one-bedroom apartments with separate utilities already in place, offering a clear platform for interior updates.
Key Highlights
- 1971‑built 8‑plex with eight one‑bedroom units, averaging approximately 675 SF each
- Individually metered utilities: separate electric and gas meters, and separate water heaters
- Tenant pays utilities; separate heating/cooling and separate meters for electricity and gas
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.8k | $24.60 |
| − Vacancy | −$6.0k | −$1.11 |
| EGI | $127.8k | $23.49 |
| − OpEx | −$57.5k | −$10.57 |
| NOI | $70.3k | $12.92 |
5,440 SF · lease $24.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$878.6K – $1.17M
NOI $70,291 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,358 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 1971-built 8-plex with eight one-bedroom units, individually metered utilities, and unit interiors that can be modernized.
Where is this apartment building located?
The property is located at 755 Moran Street Reno, NV.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: 1971‑built 8‑plex with eight one‑bedroom units, averaging approximately 675 SF each; Individually metered utilities: separate electric and gas meters, and separate water heaters; Tenant pays utilities; separate heating/cooling and separate meters for electricity and gas
