Multifamily
For Sale
$645,000
363 Roberts St, Reno, NV 89502
Established multifamily asset located on Roberts Street in Reno.
Property Size2,192 SF
Price / SF$294.25
Days on Market53
Property Features for 363 Roberts St
General Information
Standard status
Active
Size
2,192 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Dickson Realty - Caughlin
Listed By:
LPT Realty
(775) 737-2022
Source:
Nevadarealestatehub
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 14 at 11:02PM
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 Dickson Realty - Caughlin
Investment Insights
Based on property information with market context.
This multifamily property is located at 363 Roberts St in Reno, Nevada. The asset dates to 1920 and is identified as an income-producing residential property within the multifamily category.
The property carries a Reno, NV 89502 address, providing a specific urban location for residential investment or ownership review.
The property carries a Reno, NV 89502 address, providing a specific urban location for residential investment or ownership review.
Key Highlights
- Multifamily property at 363 Roberts St, Reno, NV 89502
- Built in 1920
- Property size listed as 2192
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,323
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,460
$566.5K
Cap Rate 7%
$404,614
$404.6K
Cap Rate 9%
$314,700
$314.7K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$53.9K $24.60/SF
− Vacancy
−$2.4K −$1.11/SF
EGI
$51.5K $23.49/SF
− OpEx
−$23.2K −$10.57/SF
NOI
$28.3K $12.92/SF
Area
Reno, NV
Vacancy
4.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,460
Cap Rate 7%
$404,614
Cap Rate 9%
$314,700
Alternative Uses
Best Use
Apartment 5plus
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.5K
$591.1K – $788.1K
NOI $47,288 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,603
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Established multifamily asset located on Roberts Street in Reno.
Where is this multifamily property located?
The property is located at 363 Roberts St Reno, NV.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Multifamily property at 363 Roberts St, Reno, NV 89502; Built in 1920; Property size listed as 2192
