Two-Residence Duplex
363 Roberts Street, Reno, NV 89502
For Sale
$625,000
Residential Income, Reno, NV
Property Size2,192 SF
Lot Size0.16 Acres
Price / SF$285.13
Days on Market92
Property Features for 363 Roberts Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Patrick Intemann · License NV S.185118
(775) 771-1451
Added: Aug 14
Changed: Nov 9
Last Checked: Nov 13 at 11:06PM
MLS# 260010922
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Two residences occupy this 0.16-acre property at 363 Roberts Street. The front dwelling offers 1,374 square feet with two bedrooms and one bathroom, plus a 525-square-foot unfinished basement. A separate rear residence contains 818 square feet, one bedroom, one bathroom, and its own backyard access. The combined reported property area is 2,192 square feet.
Built in 1920, the property has high ceilings and a mix of wood, carpet, ceramic tile, and vinyl flooring. Heating is forced air with natural gas; cooling includes window or wall units and evaporative cooling. Public water and sewer serve the property, and zoning is MF30.
Built in 1920, the property has high ceilings and a mix of wood, carpet, ceramic tile, and vinyl flooring. Heating is forced air with natural gas; cooling includes window or wall units and evaporative cooling. Public water and sewer serve the property, and zoning is MF30.
Key Highlights
- Two residences on a 0.16‑acre property
- Front dwelling: 1,374 square feet, two bedrooms, and one bathroom
- Front dwelling includes a 525‑square‑foot unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,609
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,180
$652.2K
Cap Rate 7%
$465,843
$465.8K
Cap Rate 9%
$362,322
$362.3K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$48.7K $22.20/SF
− Vacancy
−$2.1K −$0.95/SF
EGI
$46.6K $21.25/SF
− OpEx
−$14.0K −$6.38/SF
NOI
$32.6K $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%
$652,180
Cap Rate 7%
$465,843
Cap Rate 9%
$362,322
Alternative Uses
Best Use
Multifamily LT 5
$465.8K
$407.6K – $543.5K
NOI $32,609 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$675.5K
$591.1K – $788.1K
NOI $47,288 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
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
$389,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Reno, NV
Properties on Market for Duplexes in Reno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - MF30-zoned property includes separate front and rear residences, with independent backyard access for the rear home.
Where is this duplex located?
The property is located at 363 Roberts Street Reno, NV.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences on a 0.16‑acre property; Front dwelling: 1,374 square feet, two bedrooms, and one bathroom; Front dwelling includes a 525‑square‑foot unfinished basement
