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Multifamily Repositioning Opportunity in Reno

1901 South Virginia Street Reno, NV 89502

1901 South Virginia Street, Reno, NV, 89502
$42,000,000
For Sale
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$42,000,000

Multifamily repositioning with upgrades. High demand workforce housing.

AddedMar 6
Days on Market132
Last RefreshJul 15 at 2:36 pm

Property Features for 1901 South Virginia Street

General Information

Standard status
Active
Property subtype
Multifamily

Listing office NAI Alliance | Reno

Listing date Mar 6, 2026

Source Naiglobal

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 multifamily repositioning project by Repvblik Development Group features upgrades to electrical, plumbing, and life-safety systems to meet multifamily standards. Designed to address Reno’s demand for workforce housing, the remodeled studios are priced affordably. Construction is scheduled for completion in early October 2023, and pre-leasing has commenced. One of the properties is located at 1901 S Virginia Street in downtown/MidTown, with proximity to Highway 395/I-580. The other property is located at 1400 Stardust Street in northwest Reno, near Interstate 80.

Key Highlights

  • Newly remodeled studios designed for workforce housing.
  • Affordably priced to meet high demand.
  • Multifamily compliant upgrades to electrical, plumbing, and life‑safety systems.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Point at Midtown Apartment Building

Suggested Use

Electrical Service Butcher Locksmith (Bike/Boat/Book/etc) Store Clothing & Fashion Store Travel Agency (Bike/Boat/Book/etc) Store Daycare Center Buffet Fish Market

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

FAQs

What type of property is this?
Apartment building - Multifamily repositioning with upgrades. High demand workforce housing.
Where is this apartment building located?
The property is located at 1901 South Virginia Street Reno, NV.
What is the asking price?
The asking price for this property is $42,000,000.
What are key features of this property?
This property features: Newly remodeled studios designed for workforce housing.; Affordably priced to meet high demand.; Multifamily compliant upgrades to electrical, plumbing, and life‑safety systems.
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