Listing Agency: Cardin Realty

Listed By: Kellie Flodman · License #NV 0038999 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 13 Last Checked: Sep 4 at 1:04PM

Report an Issue

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 Cardin Realty

Investment Insights

Based on property information with market context.

This well-maintained multifamily property in Fernley, Nevada is operating with long-term tenants paying below market rent, while new tenant rents are reported at $1,100 per month.

The property is zoned MF30, which allows for up to 30 units per acre.

The seller also has two other related properties available for a combined total of 6 units, plus a .27 vacant lot in the middle that may allow for additional units, depending on development approvals.

Key Highlights

• $1,100/month rent for new tenants (as stated)
• Long‑term tenants currently paying below market rent
• Well‑maintained multifamily asset

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Spa & Massage Center Dental Office Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

407

Businesses Nearby

Explore this area Business Placement

Demographics for 89408, NV

23,201

Population

9,039

Households

2.6

Avg Household Size

37

Median Age

16%

College-Educated

91%

High-School Grad

464.1 sq mi

ZIP Area

50

Density / Sq Mi

$87,723

Median Household Income

$46,808

Median Earnings

$1,504

Median Rent

$352,600

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Fernley Commerce Center Shopping Center

460 W Main St, Fernley, NV 89408

$2,000,000

14,812 SF

View details

Small Office Building on Highway

415 Us Highway 95A, Fernley, NV 89408

$875,000

2,400 SF

View details

12-Unit Retail Plaza

460 W Main Street, Fernley, NV 89408

$2,000,000

14,812 SF

View details

Fully Occupied Retail Building

140 E Main Street, Fernley, NV 89408

$625,000

3,960 SF

View details

Fernley Mixed-Use Investment Opportunity

280 E Main Street, Fernley, NV 89408

$1,775,000

6,075 SF

View details

Church Facility with Pew Seating

290 S West Street, Fernley, NV 89408

$298,000

1,525 SF

View details

Fernley Professional/Medical Retail Building

805 Main, Fernley, NV 89408

$1,957,000

10,104 SF

View details

Mixed-Use Property with Service Garage

280 E Main Street, Fernley, NV 89408

$1,775,000

6,075 SF

View details

Multi-Building Office Portfolio

415 Hwy 95a Unit E-F-G-H-, Fernley, NV 89408

$2,981,500

15,100 SF

View details

Industrial Property on 1.90 Acres

810 West Main Street, Fernley, NV 89408

$1,750,000

16,150 SF

View details

Fully Occupied Storefront Property

140 Main, Fernley, NV 89408

$625,000

3,960 SF

View details

Built-Out Medical Office Space

240 S US Hwy 95A, B, Fernley, NV 89408

Contact for pricing

3,020 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Well-maintained multifamily asset with rents below market for long-term tenants and $1,100/month for new tenants.

Where is this apartment building located?

The property is located at 45 West Street Fernley, NV.

What are key features of this property?

This property features: $1,100/month rent for new tenants (as stated); Long‑term tenants currently paying below market rent; Well‑maintained multifamily asset