1929 US-395 - Apartments FOR SALE


Gardnerville, NV 89410
$2,800,000 USD
775-997-3558
1929 US-395, Gardnerville, NV for Sale
$2,800,000 USD
Apartments - FOR SALE
1/130
null | Request Cap Rate

1929 US-395
Gardnerville, NV 89410


HIGHLIGHTS

  • Completely remodeled in 2024/2025. NEW PLUMBING, ELECTRICAL, FIXTURES, APPLIANCES. BASICALLY EVERYTHING BUT THE ROOF AND THE EXTERIOR.
  • Over 30+ parking spaces, tandem and single stalls. Completely fenced. Could be rented or for RV and or boat parking.
  • Current tenants are driving from CA to rent the property and it's completely booked right now.

OVERVIEW

Exceptional investment opportunity near Topaz Lake, straddling the Nevada–California border. Perfect for investors seeking recreational, residential, or future development potential. Scenic mountain and lake views, offering year-round appeal for boating, fishing, and outdoor recreation enthusiasts. Increasing demand for vacation rentals and lake-view homes in the Topaz region. Affordable land compared to Tahoe or Reno markets—excellent buy-and-hold or build-and-flip potential. Great long-term appreciation outlook as surrounding areas continue to grow. Ideal Buyer Profile: Investors seeking undervalued Northern Nevada properties Outdoor enthusiasts or retirees looking for a peaceful setting Builders or developers exploring lake-adjacent projects

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

5

PRICE/UNIT

$560,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Retreat at Lake Topaz

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

Commercial

APN/PARCEL ID

1022-29-301-003

ASK ABOUT THIS PROPERTY

Katrina KarasawaREMAX PROFESSIONALSMore Info
775-997-3558

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Katrina KarasawaREMAX PROFESSIONALSMore Info
775-997-3558

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.