370 La Rue Ave - Apartments FOR SALE


Reno, NV 89509- Midtown Reno
$1,500,000 USD
775-450-7994
370 La Rue Ave, Reno, NV for Sale
$1,500,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

370 La Rue Ave
Reno, NV 89509
Midtown Reno


HIGHLIGHTS

  • Great Location
  • efficient layouts

OVERVIEW

Rare Midtown Reno investment opportunity featuring two distinct buildings on one parcel: 370 La Rue Ave, a 1972-built fourplex comprised of four 1-bedroom, 1-bath units approximately 650 square feet each, and 1010 Humboldt St, a charming 1942 brick duplex with two spacious 2-bedroom units full of classic Old Southwest character. Together, the property offers a diverse unit mix in one of Reno's most sought-after urban neighborhoods. The fourplex units offer comfortable, efficient layouts in a highly walkable location near Midtown dining, shopping, coffee shops, and entertainment. The duplex units showcase the timeless charm Midtown Reno is known for, featuring hardwood floors, abundant storage, and vintage character blended with thoughtful updates. A shared basement area provides common laundry and additional utility space for tenants. Situated on a single parcel in the heart of Reno's thriving Midtown district, this six-unit property presents a compelling opportunity for investors seeking strong rental appeal, architectural character, and long-term upside in a high-demand location. With a mix of classic brick construction and well-maintained multifamily housing, this property captures the charm, convenience, and lifestyle that continue to drive demand in Midtown Reno. All units are currently occupied, offering immediate income potential. Please do not disturb tenants. Showings subject to accepted offer.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

370 La Rue Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MU-RES

APN/PARCEL ID

011-322-01

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 Notice.

Dilyn RookerMarmot PropertiesMore Info
775-450-7994

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