Duplex with Accessible
For Sale
$550,000
4020 Shinners Place, 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 Market12
Property Features for 4020 Shinners Place
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:
Redfin
(775) 240-3060
Listed By:
Deni Wilson RE Team
(775) 240-3060
Source:
Renotahoenvlistings
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 6:22PM
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 Redfin
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,662
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
878
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 - 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 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
