1018 Fifth St Carson City, NV 89701
This exceptional Carson City, NV investment opportunity encompasses 0.7 acres of land zoned for multifamily development (PUD). The property includes seven townhouse lots and easements for fifteen garages, with three existing garages and three storage units already constructed. Located at 1018 E 5th St, 89701, this prime location offers convenient proximity to numerous state offices and the vibrant downtown area. The sale includes raw land, providing a blank canvas for developers to realize the full potential of this project. Existing structures include three completed storage units and three completed garages, offering immediate value and potential rental income. The property's PUD zoning allows for the construction of seven townhouses, further enhancing its investment appeal. The individual APNs included in the sale are: 004-351-07, 004-351-08, 004-351-13, 004-351-12, 004-351-11, 004-351-10, 004-351-09, 004-351-70, 004-351-71, 004-351-81, 004-351-88, 004-351-87, 004-351-82, 004-351-80, 004-351-79, 004-351-78, 004-351-77, 004-351-76, 004-351-75, 004-351-74, 004-351-73, 004-351-72, 004-351-66, 004-351-65, and 004-351-64. This is a rare opportunity to acquire a well-positioned development site in a thriving Nevada community. The asking price for this remarkable property is $330,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.