Quadplex with Private
For Sale
$740,000
650 Denslowe Dr, Reno, NV 89512
Four two-bedroom units include separate front and rear entrances, with balconies serving both upper-level residences.
Property Size2,966 SF
Price / SF$249.49
Days on Market49
Property Features for 650 Denslowe Dr
General Information
Standard status
Active
Size
2,966 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
6.16%
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Dickson Realty - Downtown
Listed By:
Jacqueline Lescott · License #S.187479
(775) 360-0060
Source:
Hauspg-nv
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 7 at 2:41PM
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 Dickson Realty - Downtown
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains 2,966 square feet and was built in 1952. Each residence offers two bedrooms and one bathroom, with independent access from both the front and rear. The two upper units also include private balconies, adding outdoor space to the configuration.
The property is located at 650 Denslowe Dr in Reno, Nevada, near the University of Nevada, Reno, and area amenities. Long-term tenants are in place across the building. The source information reports a self-managed cap rate of 6.16 percent, and the property is offered for sale.
The property is located at 650 Denslowe Dr in Reno, Nevada, near the University of Nevada, Reno, and area amenities. Long-term tenants are in place across the building. The source information reports a self-managed cap rate of 6.16 percent, and the property is offered for sale.
Key Highlights
- Four‑unit property with 2,966 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Separate front and rear entrances for every residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,124
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,480
$882.5K
Cap Rate 7%
$630,343
$630.3K
Cap Rate 9%
$490,267
$490.3K
Market Conditions
NOI Build-Up for 2,966 SF
Gross rent
$65.8K $22.20/SF
− Vacancy
−$2.8K −$0.95/SF
EGI
$63.0K $21.25/SF
− OpEx
−$18.9K −$6.38/SF
NOI
$44.1K $14.88/SF
Area
Reno, NV
Vacancy
4.27%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,480
Cap Rate 7%
$630,343
Cap Rate 9%
$490,267
Alternative Uses
Best Use
Multifamily LT 5
$630.3K
$551.6K – $735.4K
NOI $44,124 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$547.5K
$479.1K – $638.7K
NOI $38,324 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$914.1K
$799.8K – $1.07M
NOI $63,986 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
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Business Placement
Demographics for 89512, NV
30,148
Population
12,374
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
4,863
Density / Sq Mi
$45,284
Median Household Income
$34,587
Median Earnings
$1,113
Median Rent
$318,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units include separate front and rear entrances, with balconies serving both upper-level residences.
Where is this quadplex located?
The property is located at 650 Denslowe Dr Reno, NV.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Four‑unit property with 2,966 square feet; Each unit includes 2 bedrooms and 1 bathroom; Separate front and rear entrances for every residence
