Duplex with Redevelopment
861 Aitken, Reno, NV 89502
For Sale
$575,000
Two 2-bedroom, 1-bath houses sit on a small parcel in the Renown Medical District.
Property Size1,044 SF
Lot Size0.14 Acres
Price / SF$550.77
Days on Market175
Property Features for 861 Aitken
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
PMI Reno
Listed By:
Andrea Cassidy · License NV S.185119
(775) 771-7234
Source:
Ferrari-lund
Added: May 24
Changed: Nov 12
Last Checked: Nov 12 at 8:13AM
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 PMI Reno
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Investment Insights
Based on property information with market context.
This property consists of two separate houses on a .14-acre parcel. House 1 is a 2/1 with 1,044 square feet. House 2 is also a 2/1 with 1,044 square feet, and includes a basement of approximately 1,000 square feet.
The homes are described as having long-time tenants in place since 1990 and 2003, currently paying below-market rent. The property is located in the heart of the Renown Medical District and is zoned MU.
A rental analysis in the attached document indicates a proforma rent range of $1,750 to $1,850 per month, supporting the stated redevelopment opportunity.
The homes are described as having long-time tenants in place since 1990 and 2003, currently paying below-market rent. The property is located in the heart of the Renown Medical District and is zoned MU.
A rental analysis in the attached document indicates a proforma rent range of $1,750 to $1,850 per month, supporting the stated redevelopment opportunity.
Key Highlights
- Two 2‑bedroom, 1‑bath houses on a 0.14‑acre parcel in the Renown Medical District
- Each house has 1,044 sqft, with House 2 including a basement of about 1,000 sqft
- Long‑time tenants since 1990 and 2003, currently paying below‑market rent
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,313
Businesses Nearby
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Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Reno, NV
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath houses sit on a small parcel in the Renown Medical District.
Where is this duplex located?
The property is located at 861 Aitken Reno, NV.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath houses on a 0.14‑acre parcel in the Renown Medical District; Each house has 1,044 sqft, with House 2 including a basement of about 1,000 sqft; Long‑time tenants since 1990 and 2003, currently paying below‑market rent
