Updated Six-Unit Multifamily
1385 W 6th Street Reno, NV 89503
For Sale
$949,000
COMMERCIAL - Reno, NV
Property Size4,094 SF
Lot Size0.18 Acres
Price / SF$231.80
Days on Market272
Property Features for 1385 W 6th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MF30
- Parking features
- Parking Lot
- Window features
- Blinds, Aluminum Frames
- Standard status
- Active
- APN
- 006-162-09
- Size
- 4,094 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2940
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing Agency:
Clark Real Estate & Inv.
(775) 828-3355
Listed By:
Isaac Conde · License #BS.143361
(775) 830-0535
Added: Oct 27, 2025
Changed: Jul 24
Last Checked: Jul 25 at 7:06PM
MLS# 250057547
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated six-unit multifamily property offers comfortable one-bedroom layouts across six spacious units. Four units have been updated with new paint and flooring, while outdoor living is built into the design: downstairs units include private back patios and upstairs units include balconies. The exterior has also been addressed, with the building professionally painted in 2022.
Located at 1385 W 6th Street in Reno, the property sits in the northwest part of the city. The listing notes quick freeway access and walkable convenience to everyday needs such as grocery stores, pharmacies, and schools, along with proximity to public transit.
Zoned MF30, the asset is structured for residential income use and may appeal to investors or long-term operators looking for a smaller multifamily building with a mix of updated interiors and outdoor space. The seller’s remarks indicate strong rental demand in the area, with low vacancy rates, supporting an approach focused on maintaining and operating the property over time.
Located at 1385 W 6th Street in Reno, the property sits in the northwest part of the city. The listing notes quick freeway access and walkable convenience to everyday needs such as grocery stores, pharmacies, and schools, along with proximity to public transit.
Zoned MF30, the asset is structured for residential income use and may appeal to investors or long-term operators looking for a smaller multifamily building with a mix of updated interiors and outdoor space. The seller’s remarks indicate strong rental demand in the area, with low vacancy rates, supporting an approach focused on maintaining and operating the property over time.
Key Highlights
- Updated 6‑unit multifamily building in northwest Reno built in 1975
- Each unit is approximately 682 SF with 1‑bedroom layouts
- Four units updated with new paint and new flooring
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 | $100.7k | $24.60 |
| − Vacancy | −$4.5k | −$1.11 |
| EGI | $96.2k | $23.49 |
| − OpEx | −$43.3k | −$10.57 |
| NOI | $52.9k | $12.92 |
4,094 SF · lease $24.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$755.7K
$661.2K – $881.7K
NOI $52,899 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,320 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Updated six-unit multifamily with partially renovated interiors and outdoor patios/balconies in Reno’s northwest.
Where is this apartment building located?
The property is located at 1385 W 6th Street Reno, NV.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Updated 6‑unit multifamily building in northwest Reno built in 1975; Each unit is approximately 682 SF with 1‑bedroom layouts; Four units updated with new paint and new flooring
