Historic
69 Washington Street, Reno, NV 89503
For Sale
$1,295,000
Residential Income, Reno, NV
Property Size2,589 SF
Lot Size0.11 Acres
Price / SF$500.19
Days on Market50
Property Features for 69 Washington Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Accessibility
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Evolve Nevada
(775) 685-7771
Listed By:
Sarah Abasto · License NV S.177585
(775) 790-5531
Added: Sep 25
Changed: Oct 2
Last Checked: Nov 13 at 11:06PM
MLS# 260012427
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.
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Investment Insights
Based on property information with market context.
Built in 1914, this 2,589-square-foot triplex is arranged as three living spaces: approximately 730 square feet on the south side, 775 square feet on the north side, and 1,079 square feet upstairs. Each has kitchen, bathroom, and laundry facilities; the upper space also operates independently. Original maple, oak, and fir floors retain period detail. Improvements include a roof, energy-efficient windows, updated electrical wiring and panels, PEX plumbing, and three mini-split HVAC systems. Fire-rated ceilings and walls separate the units.
The property occupies a 4,748-square-foot lot at the western edge of downtown Reno, about a half-block from the Truckee River and Riverwalk. Hub Coffee Roasters, Beaujolais Bistro, and the Powning District are nearby. Zoning is MUDR; any uses remain subject to applicable approvals.
The property occupies a 4,748-square-foot lot at the western edge of downtown Reno, about a half-block from the Truckee River and Riverwalk. Hub Coffee Roasters, Beaujolais Bistro, and the Powning District are nearby. Zoning is MUDR; any uses remain subject to applicable approvals.
Key Highlights
- Three‑unit property with approximately 2,589 square feet of building area
- South space: approximately 730 SF; north space: approximately 775 SF; upstairs space: approximately 1,079 SF
- Three kitchens, three bathrooms, and three laundry centers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,515
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,300
$770.3K
Cap Rate 7%
$550,214
$550.2K
Cap Rate 9%
$427,944
$427.9K
Market Conditions
NOI Build-Up for 2,589 SF
Gross rent
$57.5K $22.20/SF
− Vacancy
−$2.5K −$0.95/SF
EGI
$55.0K $21.25/SF
− OpEx
−$16.5K −$6.38/SF
NOI
$38.5K $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%
$770,300
Cap Rate 7%
$550,214
Cap Rate 9%
$427,944
Alternative Uses
Best Use
Multifamily LT 5
$550.2K
$481.4K – $641.9K
NOI $38,515 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$477.9K
$418.2K – $557.6K
NOI $33,453 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$797.9K
$698.2K – $930.9K
NOI $55,853 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,755
Businesses Nearby
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Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three self-contained spaces include updated kitchens, bathrooms, and laundry facilities, with separate amenities on the upper floor.
Where is this triplex located?
The property is located at 69 Washington Street Reno, NV.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Three‑unit property with approximately 2,589 square feet of building area; South space: approximately 730 SF; north space: approximately 775 SF; upstairs space: approximately 1,079 SF; Three kitchens, three bathrooms, and three laundry centers
