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Reno Multifamily Investment Opportunity

921 Willow Street, Reno, NV 89502

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For Sale

$1,862,000

COMMERCIAL - Reno, NV

Property size:

5,549 SF

Lot size:

0.29 Acres

Price / SF:

$335/SF

HighLights

Twelve‑unit investment property built in 1957 with 4 buildings on site: a 4‑plex, a 2‑plex, and two 3‑plexes
Unit mix includes studios through two‑bedrooms, with two units having private yards
Fully fenced central yard area for the property
New roof installed on one 3‑plex within the last two years; roofing includes shingle, flat, and asphalt types
All units updated within the last 4 years for easier turnovers
Tenant‑occupied property with nearly $150,000 in gross rental income and self‑managed CAP rate just over 6%

We can help!

Listing Contact

Jacqueline Lescott

For Sale

$1,862,000

COMMERCIAL - Reno, NV

Property size:

5,549 SF

Lot size:

0.29 Acres

Price / SF:

$335/SF

Added:: Apr 29, 2026
Days on Market:: 47
Last Refresh:: Jun 14 at 7:06 am

Property Features for 921 Willow Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: MU
Parking: 12
Parking features: On Street, Off Street
Security features: Security Lighting
Window features: Single Pane Window(s), Wood Frames, Vinyl Frames, Blinds, Double Pane Windows
Fencing: Fenced
Basement: Unfinished
Standard status: Active
APN: 012-143-51
Size: 5,549 SF
Lot size: 0.29 Acres

Taxes and HOA fees

Tax Annual Amount: 4103

Utilities

Utilities: Cable Available
Sewer type: Public Sewer
Heating system: Electric (Heating), Natural Gas, Wall Furnace, Forced Air
Cooling system: Window Unit(s), Wall/Window Unit(s), Electric
Water source: Public

Building Details

Year built: 1957
Floors in Building: 2
Number of units: 12
Flooring type: Varies, Tile - Ceramic, Tile, Wood, Laminate, Carpet, Vinyl
Building materials: Attic/Crawl Hatchway(s) Insulated, Batts Insulation, Brick, Wood Siding
Roof type: Shingle, Flat, Asphalt

We can help!

Listing Contact

Jacqueline Lescott

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# 260005217

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

Twelve‑unit investment property built in 1957 with 4 buildings on site: a 4‑plex, a 2‑plex, and two 3‑plexes
Unit mix includes studios through two‑bedrooms, with two units having private yards
Fully fenced central yard area for the property
New roof installed on one 3‑plex within the last two years; roofing includes shingle, flat, and asphalt types
All units updated within the last 4 years for easier turnovers
Tenant‑occupied property with nearly $150,000 in gross rental income and self‑managed CAP rate just over 6%

Overview

This twelve-unit investment property has a history of producing consistent income. The property consists of four buildings: a four-plex, a two-plex, and two three-plexes. The units include studios and two-bedroom apartments, with two units featuring private yards. A fully fenced yard area is located in the center of the property. One of the three-plexes had a new roof installed within the past two years. The property's location offers convenient access to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital, and the VA Hospital. The University of Nevada, Reno, is 2.6 miles away. All units have been updated in the last four years. The property generates nearly $150,000 in gross rental income. Current rents are below market rates, offering the potential to increase income upon lease expiration. The self-managed property has a CAP rate of just over six percent. The lot size is 0.29 acres, and the property size is 5549 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Reno
County: Washoe
State: Nevada
Longitude: -119.800112
Latitude: 39.524941

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For sale
Apartment buildings
NV
Reno
89502
921 Willow Street

What type of property is this?

Apartment building - Twelve-unit property near Midtown and Downtown Reno with income potential.

Where is this apartment building located?

The property is located at 921 Willow Street Reno, NV.

What is the asking price?

The asking price for this property is $1,862,000.

What are key features of this property?

This property features: Twelve‑unit investment property built in 1957 with 4 buildings on site: a 4‑plex, a 2‑plex, and two 3‑plexes; Unit mix includes studios through two‑bedrooms, with two units having private yards; Fully fenced central yard area for the property

921 Willow Street, Reno, NV 89502

COMMERCIAL - Reno, NV

Property Features for 921 Willow Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Reno Multifamily Property by Private Lake

Renovated Triplex Near UNR

Two-Unit Duplex with Courtyard

Midtown Reno Development Opportunity

Midtown Reno Duplex Opportunity

Updated Six-Unit Multifamily Property

Reno Fourplex Investment Opportunity

Reno Multifamily Investment Opportunity

High-Visibility Reno Retail Facility

Charming Multifamily Property in Reno

Two-Story Mixed-Use Building

Old Southwest Reno Duplex

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