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Renovated 5-Unit Apartment Building
For Sale
$1,250,000
Pending

214 Stewart Street, Reno, NV 89501

Updated apartment property with separate electric, gas, and water metering for individual units.

Property Size2,475 SF
Days on Market738

Property Features for 214 Stewart Street

General Information

Standard status Pending
Size 2,475 SF
Property subtype Multi-Family / Apartment Building (up to 8 Units)
Net Operating Income $67,982

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $2,279

Amenities

0, 0, 0, 5, 5, 0, 0, 0, 0, 0, 0, 0, 390, 0, 0, 0, 0, 1331, 0, 0, 0, 0
Separate
Combo/Varies, Double Pane, Single Pane, Varies by Unit, Vinyl Frame, Wood Frame
Ceramic Tile, Laminate, Wood
Dishwasher, Disposal, Dryer, Microwave, Oven/Range, Refrigerator, Varies Per Unit, Washer
Natural Gas
Blinds/Shades, Drapes/Curtains, Furnished, Patio/Deck, Security System, Smoke Detector, Varies Per Unit, Keyless Entry
Central Refrig A/C, Electric, Heat Pump, Programmable Thermostat
Central Water Heaters, Landlord Pays Utilities, Pet Restrictions, Primary Meter-Electric, Primary Meter-Gas, Primary Meter-Water, Separate Heating/Cooling, Separate Meters-Electric, Tenant Pays Utilities
Composition/Shingle, Pitched
Partial
Wood Siding
City/County Water, City Sewer, Electricity, Natural Gas, Water Meter Installed, Internet Available, Cellular Coverage Avail
Basement/Unfinished, Stone
Fully Landscaped, Water Sense Landscaping
Drip-Full, Yes

Building Details

Year Built 1926
Buildings 1
Stories 2
Units 5
Construction Victorian
Listing Agency: TrueNest Properties
Listed By: Wesley Pittman · License #B.1003065
Source: Compass
Added: Aug 23, 2024 Changed: Aug 30 Last Checked: Aug 30 at 3:42AM

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 TrueNest Properties

Investment Insights

Based on property information with market context.

The 2,475-square-foot apartment building contains five units within a 1926 Victorian-era structure that has been renovated. Unit finishes vary and include ceramic tile, laminate, and wood flooring, along with a mix of double-pane and single-pane windows. Interior features include kitchens with appliances, patios or decks, keyless entry, smoke detectors, and a security system. Central refrigeration A/C and heat pump systems provide climate control.

The property is positioned on Stewart Street between midtown and downtown Reno, with access to cultural attractions and downtown activity. City water, city sewer, electricity, natural gas, and installed water metering serve the building. Utility infrastructure includes separate electric meters, separate heating and cooling, and primary gas and water meters. Exterior improvements include wood siding, a pitched composition-shingle roof, a partial basement, landscaping, and drip irrigation.

Key Highlights

  • Five‑unit apartment building in a renovated 1926 Victorian‑era structure
  • 2,475‑square‑foot building with varied unit layouts and finishes
  • Separate electric meters and separate heating and cooling by unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Store Clothing & Fashion Store Pet Store & Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

5,375
Businesses Nearby

Demographics for 89501, NV

3,948
Population
2,975
Households
1.3
Avg Household Size
50
Median Age
40%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
6,580
Density / Sq Mi
$32,990
Median Household Income
$28,774
Median Earnings
$1,089
Median Rent
$379,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated apartment property with separate electric, gas, and water metering for individual units.
Where is this apartment building located?
The property is located at 214 Stewart Street Reno, NV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five‑unit apartment building in a renovated 1926 Victorian‑era structure; 2,475‑square‑foot building with varied unit layouts and finishes; Separate electric meters and separate heating and cooling by unit
More about this property
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