Duplex with Accessible
For Sale
$550,000
4020 Shinners Place #1 & 2, Reno, NV 89502
Two fenced outdoor areas accompany a compact residential income property with one wheelchair-accessible unit.
Property Size1,120 SF
Price / SF$491.07
Days on Market62
Property Features for 4020 Shinners Place #1 & 2
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Multi-Family
Amenities
wheelchair accessibility
ceiling lift
fenced backyards
Building Details
Year Built
1946
Listing Agency:
Solid Source Realty
Listed By:
Deni Wilson RE Team
(775) 240-3060
Source:
Renotahoenvlistings
Added: Aug 19
Changed: Oct 16
Last Checked: Oct 16 at 9:05AM
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 Solid Source Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,120-square-foot duplex was built in 1946 and includes two separate residential units. One unit is configured for wheelchair accessibility, with an installed ceiling lift connecting the bedroom and bathroom. The property also includes two individually fenced backyard areas.
Located at 4020 Shinners Place in Reno, Nevada, the property offers a defined two-unit configuration with accessibility-related improvements already in place.
Located at 4020 Shinners Place in Reno, Nevada, the property offers a defined two-unit configuration with accessibility-related improvements already in place.
Key Highlights
- Two‑unit duplex configuration
- One unit includes wheelchair‑accessibility features
- Installed ceiling lift runs from the bedroom to the bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,662
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,240
$333.2K
Cap Rate 7%
$238,029
$238.0K
Cap Rate 9%
$185,133
$185.1K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$24.9K $22.20/SF
− Vacancy
−$1.1K −$0.95/SF
EGI
$23.8K $21.25/SF
− OpEx
−$7.1K −$6.38/SF
NOI
$16.7K $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%
$333,240
Cap Rate 7%
$238,029
Cap Rate 9%
$185,133
Alternative Uses
Best Use
Multifamily LT 5
$238.0K
$208.3K – $277.7K
NOI $16,662 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$206.7K
$180.9K – $241.2K
NOI $14,472 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$345.2K
$302.0K – $402.7K
NOI $24,162 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
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
Frequently Asked Questions
What type of property is this?
Duplex - Two fenced outdoor areas accompany a compact residential income property with one wheelchair-accessible unit.
Where is this duplex located?
The property is located at 4020 Shinners Place #1 & 2 Reno, NV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; One unit includes wheelchair‑accessibility features; Installed ceiling lift runs from the bedroom to the bathroom
