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Brandon Becker

brandon.becker@engelvoelkers.com +1(310) 560-8702

$ 995,000

Est. payment -/mo

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820 W 1st Reno, NV 89503

4,232 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,232 sqft

Price per Sqft $235

Subdivision Powning Addition

MLS Listing ID 260004705

Year Built 1926

Annual Tax Amount $2,759

Lot Size 9,496 Sqft

Acres 0.22

Lot Dimensions 0.22

Property Sub-Type Multi Family

Property Description

Well-located 5-unit multifamily investment opportunity just minutes from downtown Reno and the Truckee River. The property consists of two separate buildings on one parcel. 820 W 1st Street features a spacious 2-bedroom, 1-bath unit with approximately 1,064 sq. ft. and an attached two-car garage. 822 W 1st Street is a two-story fourplex offering three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, each approximately 792 sq. ft. Every unit includes its own garage, providing added tenant appeal and rental stability. The property also features a shared common area courtyard, enhancing tenant enjoyment and community feel. Its desirable location near dining, entertainment, and outdoor recreation, combined with strong rental characteristics, makes this an excellent opportunity for investors seeking long-term growth and cash flow.

Location

State NV

County Washoe

Community Powning Addition

Area Powning Addition

Zoning MD-PD

Interior

Heating Radiant

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplaces Number 1

Fireplace Yes

Laundry Common Area, In Unit, Varies By Unit

Exterior

Parking Features Asphalt, Off Street, On Street

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Internet Available, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage, Water Meter Installed

View Y/N No

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 2

Foundation Other

Water Public

Structure Type Asphalt,Brick,Unknown

Others

Tax ID 011-091-14

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Engel & Volkers Reno

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Brandon Becker

Advisor

+1(310) 560-8702

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