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    Reno Multifamily Investment Opportunity

    747 Willow Street Reno, NV 89502

    Claim this Listing
    For Sale
    $1,350,000

    COMMERCIAL - Reno, NV

    Property size:
    3,822 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $353.22/SF
    Added:
    Apr 29, 2026
    Days on Market:
    77
    Last Refresh:
    Jul 14 at 10:06 am

    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
    Blinds, Vinyl Frames, Double Pane Windows
    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
    Natural Gas, Wall Furnace
    Cooling system
    Electric, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1931
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Tile - Ceramic, Vinyl, Laminate, Carpet, Varies
    Building materials
    Stucco, Wood Siding
    Roof type
    Shingle, Asphalt

    Listing agent Jacqueline Lescott License #S.187479

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

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key Highlights

    • Nine‑unit investment property with 3 buildings: one 5‑plex and two duplexes
    • New roofs installed on the 5‑plex and one duplex within the last 2 years
    • All units updated within the last 4 years for easier turnover

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Locksmith HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic Electrical Service Pet Store Clothing & Fashion Store Pet Store & Service (Bike/Boat/Book/etc) Store

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

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    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: Nine‑unit investment property with 3 buildings: one 5‑plex and two duplexes; New roofs installed on the 5‑plex and one duplex within the last 2 years; All units updated within the last 4 years for easier turnover
    Contact an agent
    (775) 360-0060
    We can help!
    Contact an agent
    Jacqueline Lescott
    Real Estate License ID: S.187479
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