Quadplex with Three 1-Bed
468 CAPITOL HILL AVE Reno, NV 89502
468 CAPITOL HILL AVE, Reno, NV, 89502
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For Sale
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Four-unit quadplex featuring three one-bedroom homes and one three-bedroom unit; owner-occupant financing may be available.
Property Size2,288 SF
Price / SF$384.62
Days on Market44
Property Features for 468 CAPITOL HILL AVE
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing agency
CBRE Reno
(775) 356-6118
Listed by
Ben Galles · License #S.47543
Source
Crexi
Added: Jun 8 Updated: Jul 20 at 8:33PM Checked: Jul 21 at 4:50AM
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 CBRE Reno
Investment Insights
Based on property information with market context.
This four-unit quadplex includes three one-bedroom units and one three-bedroom unit. The property is being offered for sale with owner-occupant financing eligible, and it is positioned for potential future development under MF-30 zoning.
The asset is located in the Wells Ave submarket.
The asset is located in the Wells Ave submarket.
Key Highlights
- Four‑unit quadplex built in 1954: three 1‑bedroom units and one 3‑bedroom unit
- Owner‑occupant financing may be available
- Potential for future development with MF‑30 zoning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.8k | $22.20 |
| − Vacancy | −$2.2k | −$0.95 |
| EGI | $48.6k | $21.25 |
| − OpEx | −$14.6k | −$6.38 |
| NOI | $34.0k | $14.88 |
2,288 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$486.2K
$425.5K – $567.3K
NOI $34,037 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$422.3K
$369.6K – $492.7K
NOI $29,564 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$705.1K
$617.0K – $822.7K
NOI $49,359 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four-unit quadplex featuring three one-bedroom homes and one three-bedroom unit; owner-occupant financing may be available.
Where is this quadplex located?
The property is located at 468 CAPITOL HILL AVE Reno, NV.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1954: three 1‑bedroom units and one 3‑bedroom unit; Owner‑occupant financing may be available; Potential for future development with MF‑30 zoning
