8-Unit Apartment
900 Willow Street, Reno, NV 89502
For Sale
$1,240,000
The two-story property has a uniform one-bedroom layout and Mixed-Use zoning.
Property Size4,048 SF
Price / SF$306.32
Days on Market48
Property Features for 900 Willow Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Marmot Properties, LLC
Listed By:
Christopher Moton · License #BS.145493
(775) 870-7142
Source:
Kirschrealestateteam
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 7 at 4:35PM
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 Marmot Properties, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1964, this two-story apartment property contains eight one-bedroom, one-bathroom units of approximately 506 square feet each, totaling 4,048 square feet. The building has block construction and individual wall heaters, with utilities paid by tenants. Interior work is in progress, and the exterior has been repainted. The property is zoned Mixed-Use (MU).
Renown Regional Medical Center is around the corner. Midtown restaurants and nightlife, the South Wells commercial area, downtown Reno, the Truckee Riverwalk, and the University of Nevada are described as a short walk or quick drive away.
Renown Regional Medical Center is around the corner. Midtown restaurants and nightlife, the South Wells commercial area, downtown Reno, the Truckee Riverwalk, and the University of Nevada are described as a short walk or quick drive away.
Key Highlights
- Eight one‑bedroom, one‑bathroom apartments, approximately 506 SF each
- 4,048 SF building constructed in 1964
- Mixed‑Use (MU) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,305
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,100
$1.0M
Cap Rate 7%
$747,214
$747.2K
Cap Rate 9%
$581,167
$581.2K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$99.6K $24.60/SF
− Vacancy
−$4.5K −$1.11/SF
EGI
$95.1K $23.49/SF
− OpEx
−$42.8K −$10.57/SF
NOI
$52.3K $12.92/SF
Area
Reno, NV
Vacancy
4.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,100
Cap Rate 7%
$747,214
Cap Rate 9%
$581,167
Alternative Uses
Best Use
Apartment 5plus
$747.2K
$653.8K – $871.8K
NOI $52,305 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,328 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,664
Businesses Nearby
Explore this area
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
$389,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Reno, NV
Properties on Market for Apartment buildings in Reno
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The two-story property has a uniform one-bedroom layout and Mixed-Use zoning.
Where is this apartment building located?
The property is located at 900 Willow Street Reno, NV.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bathroom apartments, approximately 506 SF each; 4,048 SF building constructed in 1964; Mixed‑Use (MU) zoning
