Property Details for 138 Keystone Ave

Property size

3,474 SF

Property type

Residential income homes

APN

011-012-15, 011-012-16

Description

This exceptional investment opportunity presents a four-unit multifamily portfolio located in Reno, Nevada, at 138 & 144 Keystone Ave, zip code 89503. The portfolio comprises four buildings, totaling approximately 3,474 square feet, situated on two parcels of land, each approximately 0.145 acres. The properties are zoned MD-PD (Mixed-Use Downtown Powning District), offering potential for diverse uses. The buildings, constructed in 1924 and 1930 (estimated), feature a mix of one- and two-bedroom, one-bathroom units. Building one at 138 Keystone Ave (APN 011-012-15) offers approximately 1,706 square feet, including a partially finished basement. Building two at 144 Keystone Ave (APN 011-012-16) provides approximately 1,768 square feet, with finished and unfinished basement space. The asking price for this portfolio is $1,150,000, representing a price per unit of $287,500 and a price per square foot of $331.03. This prime Reno location presents a strong value proposition for investors seeking a stable, multi-unit rental income stream in a desirable urban setting. The property's mixed-use zoning allows for flexibility in future development or expansion. This is a rare opportunity to acquire a well-located, established multifamily portfolio in a thriving Nevada market.

Location Insight

City

Reno

County

Washoe

State

Nevada

Longitude

-119.8253058

Latitude

39.524024