Technical
Financial
Distress signals
Property profile

280 Is Ave 506 Reno, NV 89501

OFF-MARKET
Residential income homes
Property ID
US62-0467608
801 SF 0.02 ac lot Built 1961
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 801 SF
Lot 0.02 ac (801 SF)
Zoning code MDRD
APN 011-472-22
UPID US62-0467608

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization Recreation Center
  • Hostel
  • Consultant
  • Property Management Company
  • Condominium Complex

Location

280 Is Ave, Unit 506 Reno, NV 89501-1802
Reno metro Census 104 RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2024
Last sale
$157,500
6 recorded transactions
2024
Price N/A
2023
Price N/A
2004
$157,500
2003
$1.3M
2003
$602,550
2002
$2.9M

Zoning & alternative use

MDRD · Reno, NV

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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