Multifamily Apartment
210 1st Street Fernley, NV 89408
For Sale
$1,999,999
Apartment building with ten units on a half-acre lot, including nine two-bedroom and one one-bedroom apartment.
Property Size8,432 SF
Lot Size0.50 Acres
Price / SF$237.19
Days on Market528
Property Features for 210 1st Street
General Information
- Standard status
- Active
- Size
- 8,432 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-Family / Apartment Complex
Building Details
- Year Built
- 1982
Listing Agency:
Ballard Realty, Inc.
(408) 710-4226
Listed By:
Thomas Rigdon · License #B.14695
(408) 710-4226
Source:
Compass
Added: Feb 12, 2025
Changed: Jul 23
Last Checked: Jul 25 at 11:54AM
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 Ballard Realty, Inc.
Investment Insights
Based on property information with market context.
This multifamily apartment building offers ten residential units on a half-acre lot. The property is configured with nine two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment.
For sale at 210 1st Street in Fernley, NV. Financials, a rent roll, and APOD are available for review. There is no sign on the property, and tenants should not be disturbed.
The unit mix supports a straightforward rental layout with consistent one-bath configurations across all apartments, including the majority two-bedroom units.
For sale at 210 1st Street in Fernley, NV. Financials, a rent roll, and APOD are available for review. There is no sign on the property, and tenants should not be disturbed.
The unit mix supports a straightforward rental layout with consistent one-bath configurations across all apartments, including the majority two-bedroom units.
Key Highlights
- 10‑unit apartment building on a 1/2‑acre lot (nine 2 bed/1 bath units and one 1 bed/1 bath unit)
- Separate meters for gas, electric, and water; separated heating/cooling and separate water heaters
- Indoor laundry: separate laundry; double‑pane windows and blinds/shades in unit features
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 | $207.4k | $24.60 |
| − Vacancy | −$9.3k | −$1.11 |
| EGI | $198.1k | $23.49 |
| − OpEx | −$89.1k | −$10.57 |
| NOI | $109.0k | $12.92 |
8,432 SF · lease $24.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $108,951 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,905 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Apartment building with ten units on a half-acre lot, including nine two-bedroom and one one-bedroom apartment.
Where is this apartment building located?
The property is located at 210 1st Street Fernley, NV.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 10‑unit apartment building on a 1/2‑acre lot (nine 2 bed/1 bath units and one 1 bed/1 bath unit); Separate meters for gas, electric, and water; separated heating/cooling and separate water heaters; Indoor laundry: separate laundry; double‑pane windows and blinds/shades in unit features
