138 Keystone Ave Reno, NV 89503
- Residential income homes
- 3,474 SF
Current Use by Public Records
- Residential income homes
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.8253058
- Latitude
- 39.524024
