3-Unit Triplex Requiring
New
For Sale
$499,000
452 Holcomb Ave, Reno, NV 89502
Three separate residential buildings each contain a one-bedroom, one-bathroom unit.
Property Size1,524 SF
Price / SF$327.43
Days on Market2
Property Features for 452 Holcomb Ave
General Information
Standard status
Active
Size
1,524 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Jenuane Communities
Listed By:
Deni Wilson RE Team
(775) 240-3060
Source:
Renotahoenvlistings
Added: Oct 7
Last Checked: Oct 7 at 10:36AM
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 Jenuane Communities
Investment Insights
Based on property information with market context.
At 452 Holcomb Avenue, this triplex comprises three detached buildings with one 1-bedroom, 1-bathroom residence in each. The property measures 1,524 square feet on approximately 0.092 acres and dates to 1900. It is in poor condition and requires substantial repairs and renovation. All three units are occupied under month-to-month leases, and the property is being sold in its current condition.
The property is in Reno’s Midtown district, near dining, retail, coffee shops, and other neighborhood businesses. Downtown Reno and employment centers are also identified as nearby. The same seller owns the neighboring property at 420 Holcomb Avenue, offering the possibility of pursuing both properties together.
The property is in Reno’s Midtown district, near dining, retail, coffee shops, and other neighborhood businesses. Downtown Reno and employment centers are also identified as nearby. The same seller owns the neighboring property at 420 Holcomb Avenue, offering the possibility of pursuing both properties together.
Key Highlights
- Three buildings with three total residential units
- Each unit has 1 bedroom and 1 bathroom
- 1,524 square feet on approximately 0.092 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,672
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,440
$453.4K
Cap Rate 7%
$323,886
$323.9K
Cap Rate 9%
$251,911
$251.9K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$33.8K $22.20/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$32.4K $21.25/SF
− OpEx
−$9.7K −$6.38/SF
NOI
$22.7K $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 Rate 5%
$453,440
Cap Rate 7%
$323,886
Cap Rate 9%
$251,911
Alternative Uses
Best Use
Multifamily LT 5
$323.9K
$283.4K – $377.9K
NOI $22,672 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$469.7K
$411.0K – $548.0K
NOI $32,877 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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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?
Triplex - Three separate residential buildings each contain a one-bedroom, one-bathroom unit.
Where is this triplex located?
The property is located at 452 Holcomb Ave Reno, NV.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three buildings with three total residential units; Each unit has 1 bedroom and 1 bathroom; 1,524 square feet on approximately 0.092 acres
