Corner Mixed-Use
For Sale
Contact for pricing
480 S Sierra St, Reno, NV 89501
Multifamily units plus leased commercial space in a corner property in Midtown corridor.
Property Size23,124 SF
Days on Market87
Property Features for 480 S Sierra St
General Information
Standard status
Active
Size
23,124 SF
Property subtype
OFFICE
Listing Agency:
Colliers | Reno
(775) 823-9666
Listed By:
Melissa Molyneaux, CCIM, SIOR
(775) 762-7990
Source:
Moodyscre
Added: Jun 11
Changed: Aug 14
Last Checked: Sep 5 at 12:39PM
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 Colliers | Reno
Investment Insights
Based on property information with market context.
Located at the corner of Sierra Street and California Avenue in Midtown, this mixed-use property combines multifamily housing with commercial space. The building includes both residential and commercial components, with the commercial portion leased to long-term tenants.
The property is positioned within Midtown’s evolving corridor and is supported by operating performance reflected in a 2025 NOI of $246,197. This configuration provides a balance between in-place commercial tenancy and ongoing income from the residential units.
Offered for sale as a mixed-use asset, the property size is listed at 23,124 square feet.
The property is positioned within Midtown’s evolving corridor and is supported by operating performance reflected in a 2025 NOI of $246,197. This configuration provides a balance between in-place commercial tenancy and ongoing income from the residential units.
Offered for sale as a mixed-use asset, the property size is listed at 23,124 square feet.
Key Highlights
- Corner mixed‑use property at Sierra Street and California Avenue in Midtown’s growing corridor
- Includes multifamily and commercial components for a combined income‑producing setup
- 2025 NOI of $246,197
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 89501, NV
3,948
Population
2,975
Households
1.3
Avg Household Size
50
Median Age
40%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
6,580
Density / Sq Mi
$32,990
Median Household Income
$28,774
Median Earnings
$1,089
Median Rent
$379,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multifamily units plus leased commercial space in a corner property in Midtown corridor.
Where is this mixed-use property located?
The property is located at 480 S Sierra St Reno, NV.
What are key features of this property?
This property features: Corner mixed‑use property at Sierra Street and California Avenue in Midtown’s growing corridor; Includes multifamily and commercial components for a combined income‑producing setup; 2025 NOI of $246,197
