3-Unit Multifamily
New
For Sale
$425,000
420 Holcomb Avenue, Reno, NV 89502
Residential Income, Reno, NV
Property Size1,655 SF
Lot Size0.13 Acres
Price / SF$256.80
Days on Market7
Property Features for 420 Holcomb Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MF30
Parking features
Alley
Window features
Wood Frames
Appliances
Electric Oven, Refrigerator
Subdivision
Wells Addition
Lot features
Corner Lot
Elementary school
Booth
Middle school
Vaughn
High school
Wooster
Standard status
Active
APN
013-012-18
Size
1,655 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
1381
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Number of units
3
Flooring type
Laminate, Carpet, Vinyl, Tile - Ceramic
Building materials
Brick, Concrete, Wood Siding
Roof type
Shingle, Composition
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Corry Castaneda · License #B.1001732
(775) 745-2194
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 8 at 3:06AM
MLS# 260012823
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.
Investment Insights
Based on property information with market context.
The property includes three buildings with a total of three one-bedroom, one-bathroom residences across 1,655 square feet. One residence has fire damage and is not habitable or rentable; the property overall needs significant repairs and renovation. It is offered in its current as-is condition. Construction materials include brick, concrete, and wood siding, with laminate, carpet, vinyl, and ceramic tile flooring. Public water and sewer are available, and heating is provided by wall furnaces. Zoning is MF30.
Located in Reno’s Midtown district, the property has access to nearby dining, retail, entertainment, and neighborhood businesses, with Downtown Reno and employment centers also accessible. The same seller owns the neighboring property at 452 Holcomb Avenue, which may be pursued separately. Showings are by appointment, and current tenants should not be disturbed.
Located in Reno’s Midtown district, the property has access to nearby dining, retail, entertainment, and neighborhood businesses, with Downtown Reno and employment centers also accessible. The same seller owns the neighboring property at 452 Holcomb Avenue, which may be pursued separately. Showings are by appointment, and current tenants should not be disturbed.
Key Highlights
- Three buildings with three total residences
- Each residence is configured with 1 bedroom and 1 bathroom
- One unit has fire damage and is currently nonhabitable and nonrentable
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate buildings sit within an MF30-zoned property requiring substantial renovation.
Where is this multifamily property located?
The property is located at 420 Holcomb Avenue 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 residences; Each residence is configured with 1 bedroom and 1 bathroom; One unit has fire damage and is currently nonhabitable and nonrentable
