Three-Unit Multifamily
New
For Sale
$499,000
452 Holcomb Avenue, Reno, NV 89502
Residential Income, Reno, NV
Property Size1,524 SF
Lot Size0.09 Acres
Price / SF$327.43
Days on Market7
Property Features for 452 Holcomb Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MF30
Parking features
Alley
Window features
Wood Frames
Patio and Porch features
Patio
Appliances
Dryer, Electric Oven, Washer
Subdivision
Wells Addition
Lot features
Corner Lot
Elementary school
Booth
Middle school
Vaughn
High school
Wooster
Standard status
Active
APN
013-012-17
Size
1,524 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
1616
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Laminate, Carpet, Tile - Ceramic
Building materials
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 2:06AM
MLS# 260012822
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 comprises three residential buildings with one unit in each, for a total of three one-bedroom, one-bathroom residences. Combined building area is 1,524 square feet, and the property is zoned MF30. The structures date to 1900 and include concrete and wood siding construction. The property needs extensive repairs and renovation; all units are leased on month-to-month terms.
Located on Holcomb Avenue in Reno’s Midtown area, the property is near dining, retail, and neighborhood services, with access to Downtown Reno and nearby employment centers. The same seller also owns the adjacent property at 420 Holcomb Avenue, which may be explored as a separate acquisition. Public water and sewer serve the property.
Located on Holcomb Avenue in Reno’s Midtown area, the property is near dining, retail, and neighborhood services, with access to Downtown Reno and nearby employment centers. The same seller also owns the adjacent property at 420 Holcomb Avenue, which may be explored as a separate acquisition. Public water and sewer serve the property.
Key Highlights
- Three residential buildings with three total units
- Each residence has 1 bedroom and 1 bathroom
- 1,524 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,692
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,840
$393.8K
Cap Rate 7%
$281,314
$281.3K
Cap Rate 9%
$218,800
$218.8K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$37.5K $24.60/SF
− Vacancy
−$1.7K −$1.11/SF
EGI
$35.8K $23.49/SF
− OpEx
−$16.1K −$10.57/SF
NOI
$19.7K $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%
$393,840
Cap Rate 7%
$281,314
Cap Rate 9%
$218,800
Alternative Uses
Best Use
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
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
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 each contain a one-bedroom, one-bathroom residence.
Where is this multifamily property located?
The property is located at 452 Holcomb Avenue 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 residential buildings with three total units; Each residence has 1 bedroom and 1 bathroom; 1,524 square feet of building area
