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10-Unit Apartment Building
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480 E Grove St, Reno, NV 89502

Built in 2019, the fully occupied property provides convenient access to I-580 and nearby major thoroughfares.

Property SizeContact for details
Days on Market144

Property Features for 480 E Grove St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Highway Access Yes
Multifamily Units 10

Building Details

Year Built 2019
Listing Agency: Dickson Commercial Group
Listed By: Gerrit Hillebrand · License #NV S.186721
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 9:33PM

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 Dickson Commercial Group

Investment Insights

Based on property information with market context.

This 10-unit apartment complex was completed in 2019 and is currently reported at 100% occupancy. The property is located at 480 E Grove St in Reno, providing a multifamily asset with an established operating profile and a recently built physical improvement.

The complex sits one block from Kietzke Ln, a north-south thoroughfare through Reno. Access to I-580 is available via Plumb Ln or Moana Ln, connecting the property to the regional highway network. The combination of unit scale, full occupancy, 2019 construction, and proximity to key transportation routes defines the offering.

Key Highlights

  • 10‑unit apartment complex
  • 100% occupancy
  • Built in 2019

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon HVAC Service Daycare Center Clothing & Fashion Store Locksmith

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

Lease Details

10
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,746
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 2019, the fully occupied property provides convenient access to I-580 and nearby major thoroughfares.
Where is this apartment building located?
The property is located at 480 E Grove St Reno, NV.
What are key features of this property?
This property features: 10‑unit apartment complex; 100% occupancy; Built in 2019
(775) 850-3066 Call to check price and availability
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