306 E Taylor St - Apartments FOR SALE


Reno, NV 89502- Midtown Reno
$2,150,000 USD
775-434-3656
306 E Taylor St, Reno, NV for Sale
$2,150,000 USD
Apartments - FOR SALE
1/31
null | 4.74% Cap Rate

306 E Taylor St
Reno, NV 89502
Midtown Reno


OVERVIEW

306 E Taylor Street presents a rare opportunity to acquire an eight-unit multifamily asset in the heart of Reno, Nevada. Located just minutes from Downtown Reno, the University of Nevada, and major employment centers, the property benefits from strong rental demand and continued neighborhood revitalization. The property offers investors the opportunity to preserve stable cash flow while implementing a strategic value-add program through unit renovations, operational efficiencies, and rental growth. As housing affordability challenges continue to drive demand for workforce housing throughout Northern Nevada, well-located multifamily properties of this size remain highly sought after by both private investors and owner-operators. With limited new multifamily supply in established infill neighborhoods and continued population growth across the Reno-Sparks market, 306 E Taylor Street is well positioned to provide both immediate income and long-term appreciation potential. Whether pursuing a hold strategy for stable cash flow or a renovation program designed to maximize rental income, investors have the opportunity to capitalize on a proven asset class within one of the fastest-growing markets in the Western United States.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

4.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

MF30

APN/PARCEL ID

013-163-01

ASK ABOUT THIS PROPERTY

Kody BakerMarmot PropertiesMore Info
775-434-3656

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Kody BakerMarmot PropertiesMore Info
775-434-3656

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