Remodeled Fourplex with
50 Berrum Reno, NV 89509
50 Berrum, Reno, NV, 89509
$1,090,000
For Sale
$1,090,000
Fully remodeled fourplex with two ground-floor and two upper units, including new mini-splits and private courtyard.
Property Size2,548 SF
Price / SF$427.79
Days on Market13
Property Features for 50 Berrum
General Information
- Standard status
- Active
- Size
- 2,548 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1942
Listing Agency
Ferrari-Lund Real Estate Reno
(775) 742-4796
Listed by
Candi Peek · License #S.36179
(775) 742-4796
Source
Ferrari-lund
Added: Jul 6 Checked: Jul 17 at 2:57 am
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 Ferrari-Lund Real Estate Reno
Investment Insights
Based on property information with market context.
This fully remodeled fourplex features four updated units configured as two one-bedroom units and two two-bedroom units. The building includes brand-new kitchens and bathrooms, new flooring, fresh interior and exterior paint, and mini-splits for heat and air conditioning. Each unit also has a gas water heater and an in-unit washer and dryer.
The property provides two ground-floor units and two upper-level units, along with updated electrical systems, select new windows, new fencing, and paver walkways. A private common courtyard is included for shared outdoor access.
Overall, the improvements and unit finishes are designed to support ready-to-rent residential income use within a four-unit multifamily structure.
The property provides two ground-floor units and two upper-level units, along with updated electrical systems, select new windows, new fencing, and paver walkways. A private common courtyard is included for shared outdoor access.
Overall, the improvements and unit finishes are designed to support ready-to-rent residential income use within a four-unit multifamily structure.
Key Highlights
- Fully remodeled fourplex built in 1942 with 4 updated units: 2 ground‑floor and 2 upper‑level units
- Unit updates include brand‑new kitchens and bathrooms, new flooring, and fresh interior/exterior paint
- Each unit features mini‑splits for heat & A/C, plus a gas water heater
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 | $56.6k | $22.20 |
| − Vacancy | −$2.4k | −$0.95 |
| EGI | $54.2k | $21.25 |
| − OpEx | −$16.2k | −$6.38 |
| NOI | $37.9k | $14.88 |
2,548 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$541.5K
$473.8K – $631.8K
NOI $37,905 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$470.3K
$411.5K – $548.7K
NOI $32,923 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$785.3K
$687.1K – $916.1K
NOI $54,968 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fully remodeled fourplex with two ground-floor and two upper units, including new mini-splits and private courtyard.
Where is this quadplex located?
The property is located at 50 Berrum Reno, NV.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Fully remodeled fourplex built in 1942 with 4 updated units: 2 ground‑floor and 2 upper‑level units; Unit updates include brand‑new kitchens and bathrooms, new flooring, and fresh interior/exterior paint; Each unit features mini‑splits for heat & A/C, plus a gas water heater
