Vacant
447 Vine Street, Reno, NV 89503
For Sale
$420,000
The property is unoccupied and offered in its current condition.
Property Size1,536 SF
Price / SF$273.44
Days on Market166
Property Features for 447 Vine Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Key Collective
Listed By:
Polet De Anda · License NV S.187462
(775) 379-5765
Source:
Kirschrealestateteam
Added: Jun 1
Changed: Nov 7
Last Checked: Nov 12 at 8:59PM
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 Key Collective
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Investment Insights
Based on property information with market context.
This duplex at 447 Vine Street in Reno is vacant and offered in its current condition. Built in 1930, the property is available for immediate possession.
The address is described as minutes from Downtown Reno and the University of Nevada, Reno, with shopping, dining, and major commuter routes also nearby.
The address is described as minutes from Downtown Reno and the University of Nevada, Reno, with shopping, dining, and major commuter routes also nearby.
Key Highlights
- Duplex built in 1930
- Currently vacant and offered in its current condition
- 447 Vine Street address in Reno
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,850
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,000
$457.0K
Cap Rate 7%
$326,429
$326.4K
Cap Rate 9%
$253,889
$253.9K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$34.1K $22.20/SF
− Vacancy
−$1.5K −$0.95/SF
EGI
$32.6K $21.25/SF
− OpEx
−$9.8K −$6.38/SF
NOI
$22.9K $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%
$457,000
Cap Rate 7%
$326,429
Cap Rate 9%
$253,889
Alternative Uses
Best Use
Multifamily LT 5
$326.4K
$285.6K – $380.8K
NOI $22,850 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$473.4K
$414.2K – $552.3K
NOI $33,136 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Reno, NV
Properties on Market for Duplexes in Reno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property is unoccupied and offered in its current condition.
Where is this duplex located?
The property is located at 447 Vine Street Reno, NV.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Duplex built in 1930; Currently vacant and offered in its current condition; 447 Vine Street address in Reno
