Three-Unit Multifamily
326 Stewart St, Reno, NV 89502
For Sale
Contact for pricing
Zoned MF30, this established property combines updated and classic residential units in Midtown Reno.
Property Size2,736 SF
Price / SF$350.88
Days on Market105
Property Features for 326 Stewart St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Additional Details
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Units
Tenancy
Listing Agency:
Marmot Properties, Llc
Listed By:
Joe Nalley · License NV S.0193439
(206) 406-7350
Source:
Crexi
Added: Jul 29
Changed: Oct 26
Last Checked: Nov 10 at 7:45AM
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 Marmot Properties, Llc
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Investment Insights
Based on property information with market context.
Built in 1955, this 2,736-square-foot triplex contains three residential units with a combination of renovated and classic interiors. The property is zoned MF30 and offers an established multifamily configuration in an urban setting.
The building is located in Midtown Reno, where the surrounding area includes 150+ businesses and dining establishments, 70+ murals, and the Nevada Museum of Art. Downtown Reno and the Truckee River are approximately 5–10 minutes away, with UNR, Virginia Lake Park, Reno-Tahoe Airport, and area tech employers also identified nearby. The neighborhood has a reported Walk Score of 85–90.
The building is located in Midtown Reno, where the surrounding area includes 150+ businesses and dining establishments, 70+ murals, and the Nevada Museum of Art. Downtown Reno and the Truckee River are approximately 5–10 minutes away, with UNR, Virginia Lake Park, Reno-Tahoe Airport, and area tech employers also identified nearby. The neighborhood has a reported Walk Score of 85–90.
Key Highlights
- Three‑unit multifamily property
- 2,736 SF building constructed in 1955
- MF30 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,702
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,040
$814.0K
Cap Rate 7%
$581,457
$581.5K
Cap Rate 9%
$452,244
$452.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$60.7K $22.20/SF
− Vacancy
−$2.6K −$0.95/SF
EGI
$58.1K $21.25/SF
− OpEx
−$17.4K −$6.38/SF
NOI
$40.7K $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 Rate 5%
$814,040
Cap Rate 7%
$581,457
Cap Rate 9%
$452,244
Alternative Uses
Best Use
Multifamily LT 5
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$843.2K
$737.8K – $983.7K
NOI $59,024 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,603
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Zoned MF30, this established property combines updated and classic residential units in Midtown Reno.
Where is this triplex located?
The property is located at 326 Stewart St Reno, NV.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Three‑unit multifamily property; 2,736 SF building constructed in 1955; MF30 zoning
