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Rehabilitated Studio Apartments in Reno
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1400 Stardust St, Reno, NV 89503

241 studio apartments in Reno, completed in early October 2023.

Property Size33,288 SF
Lot Size1.96 Acres
Days on Market665

Property Features for 1400 Stardust St

General Information

Standard status Active
Size 33,288 SF
Lot size 1.96 Acres
Property subtype Multifamily
Zoning GC
Listing Agency: NAI Alliance - Reno
Listed By: Brian Egan · License #BS.1000906
Source: Crexi
Added: Oct 17, 2024 Changed: Aug 7 Last Checked: Aug 7 at 5:06AM

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 NAI Alliance - Reno

Investment Insights

Based on property information with market context.

This property presents a major repositioning by Repvblik Development Group, featuring multifamily-compliant upgrades to electrical, plumbing, and life-safety systems. Designed to accommodate Reno’s demand for workforce housing, these newly remodeled studios are priced affordably. Construction is scheduled to be completed in early October 2023, and pre-leasing has already begun. The properties were originally two-story motels built in 1974 and 1966, respectively. The buildings measure approximately 32,400 to 33,288 square feet and are situated on approximately 1.96 to 1.897 acres zoned General Commercial and Mixed-Use Urban. The location at 1400 Stardust Street is in northwest Reno, close to Interstate 80, while 1901 S Virginia Street is in downtown/MidTown is close to Highway 395/I-580. The highly visible and easily accessible locations feature 241 rehabilitated studio apartments. There are currently 6 similar properties on the market within 10 miles distance of the Subject Property.

Key Highlights

  • 241 Rehabilitated Studio Apartments
  • Multifamily‑Compliant Upgrades: Electrical, plumbing, and life‑safety systems upgraded.
  • Pivotal Locations: Northwest Reno (close to I‑80) and Downtown/MidTown (close to Highway 395/I‑580).

Property Analytics

Current Use

The Point at West University Apartment Building

Suggested Use

Top Pick HVAC Service Electrical Service Locksmith Furniture & Home Goods Cosmetic Store (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

733
Businesses Nearby

Demographics for 89503, NV

28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
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 - 241 studio apartments in Reno, completed in early October 2023.
Where is this apartment building located?
The property is located at 1400 Stardust St Reno, NV.
What are key features of this property?
This property features: 241 Rehabilitated Studio Apartments; Multifamily‑Compliant Upgrades: Electrical, plumbing, and life‑safety systems upgraded.; Pivotal Locations: Northwest Reno (close to I‑80) and Downtown/MidTown (close to Highway 395/I‑580).
(775) 250-5001 Call to check price and availability
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