Triplex-Style Residential Income
4955 Emery Drive Reno, NV 89506
4955 Emery Drive, Reno, NV, 89506
$674,900
For Sale
$674,900
MULTI_FAMILY - Reno, NV
Property Size2,572 SF
Lot Size0.65 Acres
Price / SF$262.40
Days on Market255
Property Features for 4955 Emery Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- SF3
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
- Parking
- 6
- Parking features
- Alley
- Window features
- Vinyl Frames, Double Pane Windows
- Patio and Porch features
- Deck
- Exterior features
- Balcony
- Appliances
- Oven, Dishwasher, Gas Range
- Standard status
- Active
- APN
- 003-911-11
- Size
- 2,572 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1988
Utilities
- Sewer type
- Septic Tank
- Heating system
- Wall Furnace, Natural Gas
- Cooling system
- Evaporative Cooling
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate, Carpet
- Building materials
- Frame, Wood Siding
- Roof type
- Composition
- Additional Structures
- Outbuilding
Listing Agency
Coldwell Banker Select Reno
(775) 688-4800
1170 S Rock Blvd. Ste. 2, Reno, NV
Listed by
Michael Lycans · License #S.62019
(775) 691-2666
Added: Nov 5, 2025 Checked: Jul 18 at 2:06 pm
MLS# 250058012
Listing URL
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.
This for-sale residential income property on a single lot includes three rental components: a 2-bedroom, 1-bath home; a 1-bedroom, 1-bath ADU; and a land rental pad for a manufactured home that is currently rented. The two homes have been completely remodeled and updated, providing turnkey units within the overall setup.
The property is described as being in a quiet neighborhood with convenient access to UNR and Downtown Reno, as well as nearby North Reno warehouse areas.
Parking is noted as available for all units, supporting day-to-day tenant use across the multiple rental components.
The property is described as being in a quiet neighborhood with convenient access to UNR and Downtown Reno, as well as nearby North Reno warehouse areas.
Parking is noted as available for all units, supporting day-to-day tenant use across the multiple rental components.
Key Highlights
- Includes 3 income opportunities: a 2 bed/1 bath home, a 1 bed/1 bath ADU, and a land rental pad for a currently rented manufactured home
- Two homes have been completely remodeled and updated
- Year built 1960 with frame construction and wood siding
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 | $57.1k | $22.20 |
| − Vacancy | −$2.4k | −$0.95 |
| EGI | $54.7k | $21.25 |
| − OpEx | −$16.4k | −$6.38 |
| NOI | $38.3k | $14.88 |
2,572 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.6K
$478.3K – $637.7K
NOI $38,262 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$474.8K
$415.4K – $553.9K
NOI $33,233 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$792.7K
$693.6K – $924.8K
NOI $55,486 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - For sale: one two-bedroom home, one one-bedroom ADU, and a rented manufactured-home pad on one lot.
Where is this triplex located?
The property is located at 4955 Emery Drive Reno, NV.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Includes 3 income opportunities: a 2 bed/1 bath home, a 1 bed/1 bath ADU, and a land rental pad for a currently rented manufactured home; Two homes have been completely remodeled and updated; Year built 1960 with frame construction and wood siding
