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23-Unit Apartment Building with Basement
For Sale
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512 E 2nd St, Reno, NV 89502

Studio and one-bedroom layouts with onsite laundry serve a compact multifamily property near downtown Reno amenities.

Property SizeContact for details
Days on Market144

Property Features for 512 E 2nd St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 2 x 1BR/1BA, 21 x studio
Multifamily Units 23

Amenities

on-site laundry
basement
Listing Agency: CBRE Reno
Listed By: Ben Galles · License #S.47543
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:47PM

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 CBRE Reno

Investment Insights

Based on property information with market context.

Located at 512 E 2nd St in Reno, Nevada, this 23-unit apartment property includes two one-bedroom, one-bath units and 21 studio units. Onsite laundry supports the residential layout, while a 2740 sqft basement provides substantial storage space. The seller will also be putting new stucco on the building’s exterior.

The property is near the Reno Aces Ballpark, Reno Fire Department Headquarters, Greater Nevada Field, the Truckee River, downtown Reno, the Neon Line Districts, and Renown Medical Center. Nearby redevelopment and revitalization activity includes the Reno City Center and Courtyard, which occupy the renovated Harrahs casino. The property may also be acquired with 420 & 450 E 2nd St, located across the street, comprising two multifamily units and a commercial building leased to a convenience store.

Key Highlights

  • 23‑unit apartment property with 21 studios and two one‑bedroom, one‑bath units
  • 2740 sqft basement available for additional storage
  • Onsite laundry included

Property Analytics

Current Use

Frenchman's Station Motel Apartment Building

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Store Clothing & Fashion Store Pet Store & Service Mobile Phone Store

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

23
Residential units

Location Intelligence

Trade Area within ½ mile

5,330
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 - Studio and one-bedroom layouts with onsite laundry serve a compact multifamily property near downtown Reno amenities.
Where is this apartment building located?
The property is located at 512 E 2nd St Reno, NV.
What are key features of this property?
This property features: 23‑unit apartment property with 21 studios and two one‑bedroom, one‑bath units; 2740 sqft basement available for additional storage; Onsite laundry included
(775) 356-6118 Call to check price and availability
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