2241 E 4th St - Hospitality FOR SALE


Reno, NV 89512- Northeast Reno
$2,275,000 USD
775-771-0371
2241 E 4th St, Reno, NV for Sale
$2,275,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

2241 E 4th St
Reno, NV 89512
Northeast Reno


HIGHLIGHTS

  • Located on Reno’s 4th Street corridor, a growing area with revitalization efforts underway
  • Proximity to downtown Reno, University of Nevada Reno (UNR), and major transportation routes ensures steady demand.
  • Suitable for hospitality, medical, nonprofit, or government redevelopment

OVERVIEW

This 26-room property, offered at $2,275,000 ($87,500 per room), provides steady income with potential for value-add improvements. Its layout and central location make it an excellent candidate for redevelopment. Layout: 26 guest rooms catering to short-term and extended-stay tenants. Redevelopment Potential: Suitable for conversion into a medical, nonprofit, or government facility. Income: Consistent cash flow with opportunities for operational improvements. Potential for interior and exterior upgrades to enhance profitability.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$337 USD /SF

# OF ROOMS

26

PRICE/ROOM

$87,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fourth Street Apartments

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1938

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

MU

APN/PARCEL ID

008-215-03

ASK ABOUT THIS PROPERTY

Tristen HoustonMarmot PropertiesMore Info
775-771-0371

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Tristen HoustonMarmot PropertiesMore Info
775-771-0371

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