Brick Duplex with Attached
For Sale
Under Contract
$625,000
1495 W 6th Street, Reno, NV 89503
Residential Income, Reno, NV
Property Size2,156 SF
Lot Size0.18 Acres
Price / SF$289.89
Days on Market47
Property Features for 1495 W 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF30
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 2
Parking
2
Parking features
Open, Garage
Security features
Security
Window features
Blinds, Aluminum Frames
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Exterior features
Rain Gutters
Fireplace
1
Appliances
Refrigerator
Lot features
Landscaped, Level, Sprinklers In Front
Elementary school
Elmcrest
Middle school
Clayton
High school
Reno
Directions
Keystone Ave | W 7th Street | Genoa Ave | W 6th Street
Standard status
Active Under Contract
APN
006-161-09
Size
2,156 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
1289
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Fireplace(s), Oil
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Brick Veneer, Frame
Roof type
Shingle, Composition
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Megan Lowe · License #S.169822
(775) 690-0040
Added: Jul 15
Changed: Aug 20
Last Checked: Aug 30 at 10:06PM
MLS# 260009075
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.
Built in 1962, this 2,156-square-foot duplex contains two single-story residences, each arranged with 2 bedrooms, 2 bathrooms, and an attached garage. The 0.18-acre parcel includes a landscaped, fully fenced setting, an oversized driveway, patio space, brick veneer construction, rain gutters, and a composition shingle roof.
The front residence includes quartz countertops, plantation shutters, double-pane windows, and built-in bathroom storage. Its interior paint and carpet were updated in 2016. Both units include forced-air heating, fireplace(s), wall/window or window unit cooling, public water, and public sewer. The property is located at 1495 W 6th Street in Reno, Nevada, with MF30 zoning.
The front residence includes quartz countertops, plantation shutters, double-pane windows, and built-in bathroom storage. Its interior paint and carpet were updated in 2016. Both units include forced-air heating, fireplace(s), wall/window or window unit cooling, public water, and public sewer. The property is located at 1495 W 6th Street in Reno, Nevada, with MF30 zoning.
Key Highlights
- Two‑unit property totaling 2,156 square feet on a 0.18‑acre lot
- Each residence includes 2 bedrooms, 2 bathrooms, and an attached garage
- Two single‑story units on a landscaped, fully fenced parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,074
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$641,480
$641.5K
Cap Rate 7%
$458,200
$458.2K
Cap Rate 9%
$356,378
$356.4K
Market Conditions
NOI Build-Up for 2,156 SF
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.
Gross rent
$47.9K $22.20/SF
− Vacancy
−$2.0K −$0.95/SF
EGI
$45.8K $21.25/SF
− OpEx
−$13.7K −$6.38/SF
NOI
$32.1K $14.88/SF
Area
Reno, NV
Vacancy
4.27%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$641,480
Cap Rate 7%
$458,200
Cap Rate 9%
$356,378
Alternative Uses
Best Use
Multifamily LT 5
$458.2K
$400.9K – $534.6K
NOI $32,074 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$398.0K
$348.2K – $464.3K
NOI $27,858 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$664.5K
$581.4K – $775.2K
NOI $46,512 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
938
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two single-story residences provide separate two-bedroom, two-bath layouts and individual garage access.
Where is this duplex located?
The property is located at 1495 W 6th Street Reno, NV.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,156 square feet on a 0.18‑acre lot; Each residence includes 2 bedrooms, 2 bathrooms, and an attached garage; Two single‑story units on a landscaped, fully fenced parcel
