Apartment Building Conversion
For Sale
Contact for pricing
941 S Virginia St, Reno, NV 89502
Partially completed repositioning includes junior one-bedroom units, clubhouse space, and in-unit laundry infrastructure.
Property SizeContact for details
Days on Market144
Property Features for 941 S Virginia St
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
MU-MC
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1958
Listing Agency:
Marcus & Millichap - Reno
Listed By:
Ryan Rife · License #NV: S.0170980
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 7:40PM
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 Marcus & Millichap - Reno
Investment Insights
Based on property information with market context.
This apartment conversion project involves a 1958 property originally constructed as a 29-unit motel. The interior work is at the rough-in stage, with demolition, framing, and roofing complete. Most mechanical, electrical, and plumbing lines have been installed for the proposed units. The current configuration provides 15 junior 1 Bed/1 Bath units, with potential for 1 or 2 additional units, along with an on-site clubhouse and substantial storage area. Wiring is in place for mini-split air conditioning and heating, while electrical and plumbing connections have been run for in-unit washers and dryers.
The property is zoned MU-MC and fronts Virginia Street in Reno’s Midtown submarket. A Walk Score of 96 reflects direct proximity to dining, nightlife, and art and culture amenities. The Virginia Street frontage also provides drive-by exposure for the apartment community.
The property is zoned MU-MC and fronts Virginia Street in Reno’s Midtown submarket. A Walk Score of 96 reflects direct proximity to dining, nightlife, and art and culture amenities. The Virginia Street frontage also provides drive-by exposure for the apartment community.
Key Highlights
- 1958 property originally built as a 29‑unit motel
- 15 junior 1 Bed/1 Bath units in the current design
- Potential to add 1 or 2 more units
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,582
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Partially completed repositioning includes junior one-bedroom units, clubhouse space, and in-unit laundry infrastructure.
Where is this apartment building located?
The property is located at 941 S Virginia St Reno, NV.
What are key features of this property?
This property features: 1958 property originally built as a 29‑unit motel; 15 junior 1 Bed/1 Bath units in the current design; Potential to add 1 or 2 more units
