Reno Multifamily Investment
747 Willow Street, Reno, NV 89502
- Added:
- Apr 29, 2026
- Days on Market:
- 31
- Last Refresh:
- May 29 at 5:06 pm
Property Features for 747 Willow Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU
- Parking features
- On Street
- Security features
- Security Lighting
- Window features
- Double Pane Windows, Vinyl Frames, Blinds
- Fencing
- Fenced
- Basement
- Unfinished
- Standard status
- Active
- APN
- 012-141-17
- Size
- 3,822 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2563
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 2
- Number of units
- 9
- Flooring type
- Varies, Laminate, Tile - Ceramic, Vinyl, Carpet
- Building materials
- Stucco, Wood Siding
- Roof type
- Shingle, Asphalt
Listing agent Jacqueline Lescott License #S.187479 (775) 360-0060
Listing office Dickson Realty - Downtown 295 Holcomb Ave. Ste. 200, El Cajon, NV (775) 324-7000
Listing date Apr 29, 2026
MLS# 260005220
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
- Proven income‑generating investment property with a self‑managed CAP rate over 6%.
- Gross rental income exceeds $106,000 annually with potential for increased income.
- Prime location near Midtown, Downtown Reno, I‑80, I‑580, Renown Hospital, VA Hospital, and UNR.
- Comprised of three buildings: a 5‑plex and two duplexes.
- Units updated within the last 4 years for easy turnovers.
- New roofs installed on the 5‑plex and one duplex within the last two years.
Overview
This nine-unit investment property features a proven history of stable income generation. The site includes three buildings: a five-plex and two duplexes. Within the last two years, new roofs have been installed on the five-plex and one duplex. The property's location provides convenient access to Midtown and Downtown Reno, as well as the I-80 and I-580 freeways. Renown Hospital and the VA Hospital are nearby, and the University of Nevada, Reno is just 2.5 miles away, contributing to historically low vacancy rates. All units have been updated within the last four years to facilitate easy turnovers. The property generates over $106,000 in gross rental income. Current rents are below market value, presenting an opportunity for a new owner to increase rents upon lease expiration and significantly boost income. The self-managed CAP rate exceeds six percent. The property is tenant-occupied.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.801729
- Latitude
- 39.524934
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Nine-unit property near Midtown and Downtown Reno with income potential.
Where is this apartment building located?
The property is located at 747 Willow Street Reno, NV.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Proven income‑generating investment property with a self‑managed CAP rate over 6%.; Gross rental income exceeds $106,000 annually with potential for increased income.; Prime location near Midtown, Downtown Reno, I‑80, I‑580, Renown Hospital, VA Hospital, and UNR.
