Two-Unit Duplex
For Sale
$799,900
400 Claremont Street, Reno, NV 89502
Centrally located two-unit duplex on a corner lot, with two bedrooms and one bathroom per unit.
Days on Market11
Property Features for 400 Claremont Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Building Size
1,920 SF
Year Built
1980
Listing Agency:
XLNT Properties
(775) 560-4753
Listed By:
Cesar Salmoran
(775) 560-4753
Source:
Fernleynvhomes
Added: Jul 22
Changed: Jul 26
Last Checked: Aug 1 at 11:54AM
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 XLNT Properties
Investment Insights
Based on property information with market context.
This centrally located two-unit duplex offers income-producing residential flexibility with two bedrooms and one bathroom in each unit. The property sits on a generous corner lot with ample space and parking for daily use.
The duplex is described as being near schools, the airport, and shopping, providing convenient access to common amenities.
As a two-unit residential income property, it is configured to support separate tenancy within the same building footprint.
The duplex is described as being near schools, the airport, and shopping, providing convenient access to common amenities.
As a two-unit residential income property, it is configured to support separate tenancy within the same building footprint.
Key Highlights
- Two‑unit multifamily duplex built in 1980
- 2 bedrooms and 1 bathroom per unit
- Centrally located in midtown Reno
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.6k | $22.20 |
| − Vacancy | −$1.8k | −$0.95 |
| EGI | $40.8k | $21.25 |
| − OpEx | −$12.2k | −$6.38 |
| NOI | $28.6k | $14.88 |
1,920 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.0K
$357.0K – $476.1K
NOI $28,563 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$354.4K
$310.1K – $413.5K
NOI $24,809 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$591.7K
$517.8K – $690.3K
NOI $41,420 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,011
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Centrally located two-unit duplex on a corner lot, with two bedrooms and one bathroom per unit.
Where is this duplex located?
The property is located at 400 Claremont Street Reno, NV.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑unit multifamily duplex built in 1980; 2 bedrooms and 1 bathroom per unit; Centrally located in midtown Reno
