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    Reno, NV Multifamily Properties for Sale

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    Turnkey Multifamily Investment Opportunity
    Updated: Sep 25, 2025
    Turnkey Multifamily Investment Opportunity

    2151 Patton Drive, Reno, NV 89512

    $1,450,000
    6,816 sqft
    High‑performing, fully occupied 8‑unit multi‑family property boasting $119,460 gross income, $87,997 NOI, and a 6.06% CAP rate.
    Qualifies for conventional financing due to each 4‑plex being on its own parcel.
    Seller financing available with 50% down, terms negotiable.
    New roofs (2023/2025) with warranties, fresh exterior paint, updated windows/sliders, and resealed parking lot.
    Turnkey investment with strong cash flow and individually metered units for Power & Gas.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2151 Patton Drive, Reno, NV 89512,

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $88K
      Annual

    • Price @ 7% Cap

      $1.26M
      Suggested
    View Property Analytics
    Remodeled Fourplex Income Property
    Updated: Jul 11
    Remodeled Fourplex Income Property

    50 Berrum Place, Reno, NV 89509

    $1,090,000
    2,548 sqft 0.14 AC lot
    Fully remodeled 4‑plex built in 1942 with 4 updated units: 2 one‑bedroom and 2 two‑bedroom
    Each unit features brand‑new kitchens and bathrooms, fresh interior/exterior paint, and new flooring
    Heating and cooling are provided by ductless mini‑splits (zoned)
    Each unit includes washer and dryer, plus gas water heaters
    Updates include electrical system improvements, select new windows, new fencing, and paver walkways
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    Triplex with Private Entrances
    Triplex with Private Entrances

    1301 Faland Way, Reno, NV 89503

    $650,000
    2,040 sqft 0.10 AC lot

    Three units each with a private entrance, including a detached 1-bedroom cottage with side yard.

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    Reno Multifamily Investment Opportunity
    Reno Multifamily Investment Opportunity

    921 Willow Street, Reno, NV 89502

    $1,862,000
    5,549 sqft 0.29 AC lot

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

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    Mixed-Use Development Parcel
    Mixed-Use Development Parcel

    1496 S Virginia Street, Reno, NV 89502

    $4,500,000
    4,900 sqft 1.24 AC lot

    Zoned MU MD with two tenant-occupied buildings across three parcels, totaling 1.24 acres.

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    Two-Unit Duplex with Courtyard
    Two-Unit Duplex with Courtyard

    824 Locust Street, Reno, NV 89502

    $599,000
    1,442 sqft 0.09 AC lot

    Well-updated 2-unit duplex with separate entries, courtyard, fenced side-yard, and secured features near VA facilities.

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    Charming Multifamily Property in Reno
    Charming Multifamily Property in Reno

    665 La Rue Avenue, Reno, NV 89509

    $1,050,000
    2,485 sqft 0.17 AC lot

    Investment property in Old Southwest Reno with income potential.

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    Reno Fourplex Investment Opportunity
    Reno Fourplex Investment Opportunity

    650 Denslowe Drive lot: A, B, C, D, Reno, NV 89512

    $740,000
    2,966 sqft 0.14 AC lot

    Four-unit property near UNR with immediate cash flow.

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    Updated Six-Unit Multifamily Property
    Updated Six-Unit Multifamily Property

    1385 W 6th Street, Reno, NV 89503

    $949,000
    4,094 sqft 0.18 AC lot

    Updated six-unit multifamily with partially renovated interiors and outdoor patios/balconies in Reno’s northwest.

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    Reno Multifamily Investment Opportunity
    Reno Multifamily Investment Opportunity

    747 Willow Street, Reno, NV 89502

    $1,350,000
    3,822 sqft 0.18 AC lot

    Nine-unit property near Midtown and Downtown Reno with income potential.

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    Old Southwest Reno Duplex
    Old Southwest Reno Duplex

    596 California Avenue, Reno, NV 89509

    $889,999
    2,127 sqft 0.12 AC lot

    Rare duplex in Reno's desirable Old Southwest neighborhood.

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    MidTown Reno Multifamily Investment
    MidTown Reno Multifamily Investment

    343 & 347 Mount Rose St., Reno, NV 89509

    $1,431,000
    3,894 sqft 0.16 AC lot

    Charming multifamily property in Reno's vibrant MidTown District.

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    Modern Duplex with Private Parking
    Modern Duplex with Private Parking

    442 E 7th Street, Reno, NV 89512

    $687,000
    1,474 sqft 0.03 AC lot

    Built in 2020, this two-unit duplex offers mostly furnished units with private balconies and carport parking.

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    Midtown Duplex With Carport
    Midtown Duplex With Carport

    814 S Arlington Avenue, Reno, NV 89509

    $570,000
    1,496 sqft 0.13 AC lot

    Two currently rented units offer a straightforward residential income setup with a shared carport and storage shed.

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    Multifamily Investment Near Midtown Reno
    Multifamily Investment Near Midtown Reno

    1761 Stewart St, Reno, NV 89502

    $1,075,000
    4,256 sqft

    Multifamily investment property featuring six spacious units near Midtown Reno.

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    Mixed-Use Land Parcel
    Mixed-Use Land Parcel

    101 S Wells Avenue, Reno, NV 89502

    $790,000
    0.27 AC lot

    Mixed-use corner parcel with available Phase 1 and geotechnical inspections for informed redevelopment planning.

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    Multifamily Property with 10 Units
    Multifamily Property with 10 Units

    1030 Berrum Ln, Reno, NV 89509

    $2,600,000
    10,400 sqft

    Multifamily property featuring 10 units.

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    Investment Triplex Near University
    Investment Triplex Near University

    462 Laurel Street, Reno, NV 89512

    $1,050,000
    3,340 sqft 0.16 AC lot

    Triplex near University of Nevada, Reno with income potential.

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    Multi-Family Redevelopment Site
    Multi-Family Redevelopment Site

    400 Minerva Lane, Reno, NV 89503

    $899,000
    2,939 sqft

    Two contiguous parcels zoned MF-30 with three existing residential units, offering redevelopment options near UNR and St. Mary’s.

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    Reno Land Development Opportunity
    Reno Land Development Opportunity

    3301 Smith Drive, Reno, NV 89509

    $324,900
    0.21 AC lot

    Land with mixed-use zoning near shopping and restaurants.

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    University Area Redevelopment Opportunity
    University Area Redevelopment Opportunity

    208 UNIVERSITY TERRACE |, Reno, NV 89503

    $1,237,000
    1,230 sqft

    Redevelopment site near the University of Nevada campus.

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    University Area Mixed-Use Opportunity
    University Area Mixed-Use Opportunity

    1678 N Virginia St, Reno, NV 89512

    $1,575,000
    2,222 sqft 0.33 AC lot

    Mixed-use property near University of Nevada, Reno.

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    Reno Multifamily Portfolio For Sale
    Reno Multifamily Portfolio For Sale

    944 Bell Street, Reno, NV 89503

    Contact for pricing
    25,705 sqft

    Multifamily properties in Reno, fully leased through June/July 2027.

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    Nine-Unit Investment Property in Reno
    Nine-Unit Investment Property in Reno

    1-11-747 Willow St, Reno, NV 89502

    $1,350,000

    Stable income property near Midtown, Downtown, hospitals, and UNR.

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    Reno, NV Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Reno, NV, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 76,847 square feet of properties for sale, with an estimated market value of $28,403,999.

    Sale prices for multifamily properties in Reno, NV start at $570,000, averaging $1,352,571, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 14
    Duplexes 6
    Quadplexes 4
    Triplexes 3
    Short term rental properties 1

    Demographics Overview

    Population 323K
    Population Growth (5Y) +7.0%
    Median Household Income $87,673
    College Educated 32.3%

    High-Yield Neighborhoods for Investment

    Identify Reno submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    89523 $995K
    89503 $1M
    89512 $1.2M
    89509 $1.2M
    89501 $3.3M

    Taxes & Financing

    Tax Rate (average for all types) 2.36%
    Property Tax per SF $48.20 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washoe County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washoe County

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Reno fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Reno, NV

    • 89502
    • 89509
    • 89503
    • 89512
    • 89501

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