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    Reno, NV Residential Income 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
    Brick Duplex with Attached Garages
    Updated: Jul 15
    Brick Duplex with Attached Garages

    1495 W 6th Street, Reno, NV 89503

    $625,000
    2,156 sqft 0.18 AC lot
    Brick duplex built in 1962 with two single‑story units, each offering 2 bedrooms and 2 bathrooms
    Each unit has its own attached garage, plus an oversized driveway and open parking
    Front unit updated with quartz countertops, plantation shutters, double pane windows, and interior paint and carpet updated in 2016
    Front unit includes built‑in storage in both bathrooms and ceiling fan(s)
    Wood burning stoves in both units will be removed by the seller prior to close of escrow
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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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    Remodeled Fourplex with Courtyard
    Remodeled Fourplex with Courtyard

    50 Berrum, Reno, NV 89509

    $1,090,000
    2,548 sqft

    Fully remodeled fourplex with two ground-floor and two upper units, including new mini-splits and private courtyard.

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    Remodeled Fourplex Income Property
    Remodeled Fourplex Income Property

    50 Berrum Place, Reno, NV 89509

    $1,090,000
    2,548 sqft 0.14 AC lot

    Fully remodeled fourplex with two one-bedroom and two two-bedroom units, including mini-splits and in-unit washers/dryers.

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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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    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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    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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    Nine-Unit Multifamily Investment Property
    Nine-Unit Multifamily Investment Property

    747 Willow Street, Reno, NV 89502

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

    Three buildings totaling nine units, including a five-plex and two duplexes, with recent roof and unit updates.

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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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    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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    Triplex-Style Residential Income Property
    Triplex-Style Residential Income Property

    4955 Emery Drive, Reno, NV 89506

    $674,900
    2,572 sqft 0.65 AC lot

    For sale: one two-bedroom home, one one-bedroom ADU, and a rented manufactured-home pad on one lot.

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    Triplex with Front House and Back Duplex
    Triplex with Front House and Back Duplex

    315 Crampton Street, Reno, NV 89502

    $1,090,000
    0.16 AC lot

    Front 3-bed detached home plus two rented 2-bed units in back duplex.

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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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    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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    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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    Residential Income Duplex with Two Houses
    Residential Income Duplex with Two Houses

    3325 Clear Acre Lane, Reno, NV 89512

    $1,432,000
    1,601 sqft 1.54 AC lot

    Two existing houses on a 1.54-acre residential income site in Reno, zoned SF3.

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    Quadplex with Three 1-Bed Units
    Quadplex with Three 1-Bed Units

    468 CAPITOL HILL AVE, Reno, NV 89502

    $880,000
    2,288 sqft

    Four-unit quadplex featuring three one-bedroom homes and one three-bedroom unit; owner-occupant financing may be available.

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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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    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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    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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    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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    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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    Reno, NV Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Reno, NV, showcased through 41 active listings on our real estate platform. These investment opportunities span a total of 106,729 square feet of properties for sale, with an estimated market value of $35,605,899.

    Sale prices for residential income properties in Reno, NV start at $570,000, averaging $1,318,737, 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

    Multifamily properties 36
    Apartment buildings 14
    Duplexes 10
    Single family properties 6
    Quadplexes 5

    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
    • 89506
    • 89508

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