Furnished Apartment
For Sale
$2,725,000
1607 S Virginia St, Reno, NV 89502
Mixed-use property with renovated residences, furnished units, and shared amenities near Reno’s Midtown dining and entertainment district.
Property Size5,312 SF
Days on Market93
Property Features for 1607 S Virginia St
General Information
Standard status
Active
Size
5,312 SF
Property subtype
Multifamily
Zoning
Mixed Use
Occupancy
95%
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Furnished
Yes
Cap Rate
7.01%
Amenities
onsite laundry
designated parking
luxury clubhouse
street front patio
24-hour surveillance system
exterior light system
keyless entry
high-speed internet
induction cooktop
full tile-surround bathrooms
Stable
Prime Location
Long Term Tenants
Building Details
Building Size
5,312 SF
Year Built
1950
Year Renovated
2020
Units
21
Construction
wood/steel frame
Listing Agency:
(775) 348-5226
Listed By:
Ryan Rife · License #License(s): NV: S.0170980
(775) 348-5226
Source:
Marcusmillichap
Added: Jun 1
Changed: Aug 31
Last Checked: Aug 31 at 12:39PM
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 Ryan Rife
Investment Insights
Based on property information with market context.
This apartment property originated as a 1950-built motel and now operates as multifamily housing with 6-to-12-month leases. The 2020 renovation modernized the structure, roof, mechanical systems, landscaping, signage, and common areas. Units are furnished and include Murphy beds, flat-screen televisions, mini-split heating and air conditioning, vinyl-plank flooring, stainless-steel appliances, granite countertops, keyless entry, high-speed internet, induction cooktops, and tiled bathrooms.
The property is zoned Mixed Use and includes a wood-and-steel frame, brick veneer, and pitched composite-shingle roof. Resident amenities include onsite laundry, designated parking, 24-hour surveillance, exterior lighting, and a clubhouse with a coffee bar, pool table, fireplace, television, and street-front patio. Its 1607 S Virginia St address places the property within a 5-minute walk of Reno Public Market and the Reno Experience District, with dining, nightlife, gaming, resort casinos, arts, culture, and public transportation nearby.
The property is zoned Mixed Use and includes a wood-and-steel frame, brick veneer, and pitched composite-shingle roof. Resident amenities include onsite laundry, designated parking, 24-hour surveillance, exterior lighting, and a clubhouse with a coffee bar, pool table, fireplace, television, and street-front patio. Its 1607 S Virginia St address places the property within a 5-minute walk of Reno Public Market and the Reno Experience District, with dining, nightlife, gaming, resort casinos, arts, culture, and public transportation nearby.
Key Highlights
- 2020 renovation updated the structure, roof, mechanical systems, landscaping, signage, and common areas
- Mixed Use zoning with current multifamily operations and 6‑to‑12‑month leases
- Furnished units with Murphy beds, mini‑split HVAC, stainless‑steel appliances, and granite countertops
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use property with renovated residences, furnished units, and shared amenities near Reno’s Midtown dining and entertainment district.
Where is this apartment building located?
The property is located at 1607 S Virginia St Reno, NV.
What is the asking price?
The asking price for this property is $2,725,000.
What are key features of this property?
This property features: 2020 renovation updated the structure, roof, mechanical systems, landscaping, signage, and common areas; Mixed Use zoning with current multifamily operations and 6‑to‑12‑month leases; Furnished units with Murphy beds, mini‑split HVAC, stainless‑steel appliances, and granite countertops
