480 S Sierra St Reno, NV 89501

Listing agency Colliers | Reno Show Phone

Listed by Melissa Molyneaux, CCIM, SIOR · License #S.0200644 Show Phone

Source Moodyscre

Added: Jun 11 Updated: Jul 22 at 10:06AM Checked: Jul 22 at 10:06AM

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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.

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

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FAQs

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