263 Cheney St - Multi-Family FOR SALE


Reno, NV 89502- Midtown Reno
$1,550,000 USD
775-450-7994
263 Cheney St, Reno, NV for Sale
$1,550,000 USD
Multi-Family - FOR SALE
1/39
null | 5.5% Cap Rate

263 Cheney St
Reno, NV 89502
Midtown Reno


OVERVIEW

This unique 4-unit investment opportunity consists of two separate parcels—a beautifully renovated 1937 duplex at 263 Cheney St in the front, and a brand-new construction duplex at 267 Cheney St in the rear, slated for completion in early July. The original front duplex offers timeless charm with modern updates. It features well-maintained units, each with their own private outdoor space. Washer and dryer are included in all units except the lower level, and select furnishings in the upstairs unit may be available for purchase directly from the current occupant. The newly built rear duplex at 267 Cheney showcases sleek, modern design with mirrored 2-bedroom, 2.5-bathroom units, each with its own laundry and private outdoor space—an ideal setup for maximizing rental income and attracting quality tenants. Key highlights: • 2 separate parcels – potential to sell individually, though owner prefers to sell together • 5 off-street parking spaces total: 2 in front (via access easement on the west side) and 3 in back (alley access for new duplex) • Brand-new water line to the property • Prime Midtown location—walkable to restaurants, coffee shops, and local entertainment • Excellent option for investors or owner-occupants seeking rental income • Private outdoor space for each unit • Projected completion for new construction: early July This property offers flexibility, functionality, and long-term value in one of Reno’s most desirable neighborhoods. Don’t miss the chance to own a thoughtfully upgraded and intelligently designed multi-family property in the heart of Midtown.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,500

CAP RATE

5.5%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

013-111-23

ASK ABOUT THIS PROPERTY

Dilyn RookerMarmot PropertiesMore Info
775-450-7994

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

Dilyn RookerMarmot PropertiesMore Info
775-450-7994

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