Rented Duplex with
For Sale
$399,000
814 S Arlington Ave, Reno, NV 89509
Two-unit residential property with an existing tenant arrangement, covered parking, and separate storage space.
Property Size1,496 SF
Price / SF$266.71
Days on Market88
Property Features for 814 S Arlington Ave
General Information
Standard status
Active
Size
1,496 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
storage shed
Building Details
Year Built
1932
Buildings
1
Tenancy
Multi
Listing Agency:
Dickson Realty - Caughlin
Listed By:
Troy Browning · License #S.43331
(775) 232-4509
Source:
Hauspg-nv
Added: Jul 19
Changed: Oct 9
Last Checked: Oct 7 at 1:19PM
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 - Caughlin
Investment Insights
Based on property information with market context.
This duplex at 814 S Arlington Ave in Reno includes two separately configured residences: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. The property also provides a three-stall carport and a storage shed. Both units are currently rented, offering an established occupancy arrangement. Constructed in 1932, the property is classified as a duplex within the residential income property category.
Key Highlights
- Two‑unit duplex with one 2 bed/1 bath residence and one 1 bed/1 bath residence
- Both units are currently rented
- 3‑stall carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,255
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,100
$445.1K
Cap Rate 7%
$317,929
$317.9K
Cap Rate 9%
$247,278
$247.3K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$33.2K $22.20/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$31.8K $21.25/SF
− OpEx
−$9.5K −$6.38/SF
NOI
$22.3K $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%
$445,100
Cap Rate 7%
$317,929
Cap Rate 9%
$247,278
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.2K – $370.9K
NOI $22,255 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.2K
NOI $19,330 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$461.0K
$403.4K – $537.9K
NOI $32,273 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 89509, NV
34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with an existing tenant arrangement, covered parking, and separate storage space.
Where is this duplex located?
The property is located at 814 S Arlington Ave Reno, NV.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2 bed/1 bath residence and one 1 bed/1 bath residence; Both units are currently rented; 3‑stall carport
