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For sale
Quadplexes
NV
Reno
89512
650 Denslowe Drive lot A B C D

Reno Fourplex Investment Opportunity

650 Denslowe Drive lot A B C D, Reno, NV 89512

View on Map

For Sale

$740,000

MULTI_FAMILY - Reno, NV

Property size:

2,966 SF

Lot size:

0.14 Acres

Price / SF:

$249/SF

HighLights

4‑plex in Reno built in 1952 with frame construction and wood siding
Each unit has 2 bedrooms and 1 bathroom with private front and back entrances
Upstairs units include private balconies
Heating includes natural gas with wall furnaces; cooling varies by unit with wall/window and window units
Utilities/services include public water and public sewer; cable available
Self‑managed CAP rate listed as 6.16%

We can help!

Listing Contact

Jacqueline Lescott

For Sale

$740,000

MULTI_FAMILY - Reno, NV

Property size:

2,966 SF

Lot size:

0.14 Acres

Price / SF:

$249/SF

Added:: Jan 29, 2026
Days on Market:: 143
Last Refresh:: Jun 21 at 11:06 pm

Property Features for 650 Denslowe Drive lot A B C D

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MF30
Bedrooms: 8
Bathrooms: 4
Rooms: Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 8
Parking: 6
Window features: Double Pane Windows, Single Pane Window(s), Vinyl Frames, Blinds
Exterior features: Balcony
Appliances: Oven, Gas Range, Refrigerator
Standard status: Active
APN: 008-013-08
Size: 2,966 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Annual Amount: 1020

Utilities

Utilities: Cable Available
Sewer type: Public Sewer
Heating system: Natural Gas, Wall Furnace
Cooling system: Varies by Unit, Wall/Window Unit(s), Window Unit(s)
Water source: Public

Building Details

Year built: 1952
Floors in Building: 2
Number of units: 4
Flooring type: Tile - Ceramic, Vinyl, Laminate
Building materials: Frame, Wood Siding
Roof type: Flat

We can help!

Listing Contact

Jacqueline Lescott

Listing agent Jacqueline Lescott License #S.187479

Listing office Dickson Realty - Downtown 295 Holcomb Ave. Ste. 200, El Cajon, NV

Listing date Jan 29, 2026

MLS# 260001005 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.

HighLights

4‑plex in Reno built in 1952 with frame construction and wood siding
Each unit has 2 bedrooms and 1 bathroom with private front and back entrances
Upstairs units include private balconies
Heating includes natural gas with wall furnaces; cooling varies by unit with wall/window and window units
Utilities/services include public water and public sewer; cable available
Self‑managed CAP rate listed as 6.16%

Overview

This fourplex presents an investment opportunity in Reno, situated near major amenities and the University of Nevada, Reno. Each unit includes two bedrooms and one bathroom, with the added benefit of private front and back entrances. The upstairs units feature private balconies. The property is currently occupied by long-term tenants, providing immediate cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. The lot size is 0.14 acres, and the property size is 2966 square feet. The zoning is MF30. The self-managed CAP rate is 6.16 percent.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.8k	$22.20
− Vacancy	−$2.8k	−$0.95
EGI	$63.0k	$21.25
− OpEx	−$18.9k	−$6.38
NOI	$44.1k	$14.88

2,966 SF · lease $22.20/SF/yr · vacancy 4.27% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$630.3K

$551.6K – $735.4K (±1% cap)

NOI $44,124 @ 7.0% cap · market cap 5.96%

Second Best

Apartment 5plus

$547.5K

$479.1K – $638.7K (±1% cap)

NOI $38,324 @ 7.0% cap · market cap 5.18%

Theoretical Best

Office A

$914.1K

$799.8K – $1.07M (±1% cap)

NOI $63,986 @ 7.0% cap · market cap 8.65%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Reno
County: Washoe
State: Nevada
Longitude: -119.805693
Latitude: 39.544068

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For sale
Quadplexes
NV
Reno
89512
650 Denslowe Drive lot A B C D

What type of property is this?

Quadplex - Four-unit property near UNR with immediate cash flow.

Where is this quadplex located?

The property is located at 650 Denslowe Drive lot A B C D 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: 4‑plex in Reno built in 1952 with frame construction and wood siding; Each unit has 2 bedrooms and 1 bathroom with private front and back entrances; Upstairs units include private balconies

650 Denslowe Drive lot A B C D, Reno, NV 89512

MULTI_FAMILY - Reno, NV

Property Features for 650 Denslowe Drive lot A B C D

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Triplex with Private Entrances

Reno Multifamily Property by Private Lake

Reno Multifamily Investment Opportunity

Two-Unit Duplex with Courtyard

Midtown Reno Development Opportunity

Midtown Reno Duplex Opportunity

Updated Six-Unit Multifamily Property

Reno Multifamily Investment Opportunity

High-Visibility Reno Retail Facility

Charming Multifamily Property in Reno

Two-Story Mixed-Use Building

Old Southwest Reno Duplex

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