Building Details

Year Built 1974

Year Renovated 2024

Buildings 3

Stories 2

Units 124

Listing Agency: NAI Alliance - Reno b***@naialliance.com Show Phone

Listed By: Brian Egan · License #BS.1000906

Source: Crexi

Added: Sep 17, 2025 Changed: Aug 22 Last Checked: Aug 29 at 2:05PM

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Investment Insights

Based on property information with market context.

This multifamily property, a major repositioning by Repvblik Development Group, features upgrades to electrical, plumbing, and life-safety systems to meet multifamily standards. Designed to address Reno’s high demand for workforce housing, the newly remodeled studios are priced affordably. Construction was completed in early November 2023, and leasing is progressing rapidly.

Key Highlights

• Newly remodeled studios completed in early November 2023
• Designed to meet Reno's high demand for workforce housing
• Affordably priced studios

Property Analytics

Property Profile

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

Explore this area Business Placement

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 - Multifamily property with compliant upgrades, designed for workforce housing.

Where is this apartment building located?

The property is located at 1400 Stardust St Reno Reno, NV.

What are key features of this property?

This property features: Newly remodeled studios completed in early November 2023; Designed to meet Reno's high demand for workforce housing; Affordably priced studios