1761 Stewart St Reno, NV 89502

1761 Stewart St, Reno, NV, 89502

$1,075,000

For Sale

$1,075,000

Multifamily investment property featuring six spacious units near Midtown Reno.

Property Size4,256 SF

Price / SF$252.58

AddedMar 6

Days on Market132

Last RefreshJul 15 at 8:30 am

Property Features for 1761 Stewart St

General Information

Standard status: Active
Size: 4,256 SF
Property subtype: Multifamily

Building Details

Year Built: 1962

Listing office Johnson Group Commercial

Listing date Mar 6, 2026

Source Tcnworldwide

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 Johnson Group Commercial

Investment Insights

Based on property information with market context.

This multifamily investment property is located near Midtown Reno. Constructed in 1962, the property features six units, each with 2 bedrooms and 1 bathroom, and a total of 4,256 square feet. Each unit offers 709 square feet of living space. The property generates a net operating income of approximately $53,759. Its location near Midtown Reno enhances its appeal to both tenants and investors. The property is currently professionally managed.

Key Highlights

High Net Operating Income: Approx. $53,759
Six spacious 2 bed / 1 bath units
Prime Reno location near Midtown

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$104.7k	$24.60
− Vacancy	−$4.7k	−$1.11
EGI	$100.0k	$23.49
− OpEx	−$45.0k	−$10.57
NOI	$55.0k	$12.92

4,256 SF · lease $24.60/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$785.6K

$687.4K – $916.5K (±1% cap)

NOI $54,992 @ 7.0% cap · market cap 5.12%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,815 @ 7.0% cap · market cap 8.54%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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