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6-Unit Apartment Building
For Sale
$1,195,000

251 E Arroyo Street, Reno, NV 89502

Brick apartment property with a separate two-story duplex and off-street parking.

Property SizeContact for details
Days on Market11

Property Features for 251 E Arroyo Street

General Information

Standard status Active

Units

Unit Mix 4 x 1BR, 2 x 2BR
Multifamily Units 6

Amenities

shared laundry area
bike storage
unfinished basement

Building Details

Buildings 2
Listing Agency: Marmot Properties, LLC
Listed By: Laura Kirsch
Source: At-realty
Added: Aug 20 Changed: Aug 30 Last Checked: Aug 30 at 6:04AM

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 Marmot Properties, LLC

Investment Insights

Based on property information with market context.

This Midtown Reno multifamily property includes a brick building with four 1-bedroom apartments and a separate two-story duplex containing two 2-bedroom units. The property also provides off-street parking, shared laundry, bike storage, and an unfinished basement for storage that is excluded from the reported square footage.

Capital improvements include newer roofs on both buildings, vinyl windows, a furnace, a hot water heater, and other system updates. One 2-bedroom apartment and one 1-bedroom apartment are vacant, providing flexibility for leasing or owner occupancy. The property is near Wells Avenue, restaurants, coffee shops, boutiques, and other neighborhood amenities in Midtown Reno. The address is 251 E Arroyo Street, Reno, NV 89502.

Key Highlights

  • 6‑unit property with four 1‑bedroom apartments and two 2‑bedroom units
  • Separate 2‑story duplex with two 2‑bedroom apartments
  • Brick building plus a duplex structure on the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Butcher Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Store

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,985
Businesses Nearby

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

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

What type of property is this?
Apartment building - Brick apartment property with a separate two-story duplex and off-street parking.
Where is this apartment building located?
The property is located at 251 E Arroyo Street Reno, NV.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 6‑unit property with four 1‑bedroom apartments and two 2‑bedroom units; Separate 2‑story duplex with two 2‑bedroom apartments; Brick building plus a duplex structure on the property
More about this property
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