3-Unit Multifamily
For Sale
$425,000
420 Holcomb Ave, Reno, NV 89502
Three residential buildings contain one-bedroom, one-bathroom units; one has fire damage and requires significant restoration.
Property Size1,655 SF
Lot Size0.09 Acres
Price / SF$256.80
Days on Market9
Property Features for 420 Holcomb Ave
General Information
Standard status
Active
Size
1,655 SF
Lot size
0.09 Acres
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
fire damage/casualty
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1926
Buildings
3
Listing Agency:
Dickson Realty - Caughlin
Listed By:
LPT Realty
(775) 737-2022
Source:
Nevadarealestatehub
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 14 at 10:54PM
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 1926 multifamily property comprises three separate buildings with three residential units, each arranged as a one-bedroom, one-bathroom residence. The site covers approximately 0.092 acres. One unit sustained fire damage and is not habitable; the property as a whole needs substantial renovation and repairs. It is offered in its current condition.
The property is in Reno’s Midtown district, near dining, retail, coffee shops, and other neighborhood businesses, with access to Downtown Reno and nearby employment centers. The same seller owns the neighboring property at 452 Holcomb Avenue, which a buyer may also consider acquiring.
The property is in Reno’s Midtown district, near dining, retail, coffee shops, and other neighborhood businesses, with access to Downtown Reno and nearby employment centers. The same seller owns the neighboring property at 452 Holcomb Avenue, which a buyer may also consider acquiring.
Key Highlights
- Three buildings with three total one‑bedroom, one‑bathroom units
- Approximately 0.092‑acre site
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,385
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,700
$427.7K
Cap Rate 7%
$305,500
$305.5K
Cap Rate 9%
$237,611
$237.6K
Market Conditions
NOI Build-Up for 1,655 SF
Gross rent
$40.7K $24.60/SF
− Vacancy
−$1.8K −$1.11/SF
EGI
$38.9K $23.49/SF
− OpEx
−$17.5K −$10.57/SF
NOI
$21.4K $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%
$427,700
Cap Rate 7%
$305,500
Cap Rate 9%
$237,611
Alternative Uses
Best Use
Apartment 5plus
$305.5K
$267.3K – $356.4K
NOI $21,385 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.1K
$446.3K – $595.1K
NOI $35,704 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Three residential buildings contain one-bedroom, one-bathroom units; one has fire damage and requires significant restoration.
Where is this multifamily property located?
The property is located at 420 Holcomb Ave Reno, NV.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three buildings with three total one‑bedroom, one‑bathroom units; Approximately 0.092‑acre site; Built in 1926
