3890 Neil Rd - Apartments FOR SALE


Reno, NV 89502- Convention Center
$3,690,000 USD
775-378-1371
3890 Neil Rd, Reno, NV for Sale
$3,690,000 USD
Apartments - FOR SALE
1/23
null | 5.03% Cap Rate


OVERVIEW

Positioned in a high-demand rental corridor of Reno, 3890 Neil Rd presents a rare, income-producing mixed-use opportunity with strong fundamentals and long-term upside. The property consists of 7 duplexes (14 total units), a convenience store, and a maintenance shop, all situated on a 0.99-acre parcel with Mixed-Employment zoning. Each residential unit is a single-level 2-bedroom, 1-bath layout in 840 SF. The property has maintained historically low vacancy, driven by its highly accessible location near Reno-Tahoe International Airport, Highway 580, and major retail and employment centers including the Meadowood Mall and surrounding amenities. Tenants benefit from covered carport parking, functional floor plans, and proximity to key infrastructure, making this an easy-to-rent, stable asset in a growing market. With its combination of residential income, commercial component, and favorable zoning, this property is ideal for investors seeking immediate cash flow in one of Reno’s most active submarkets.

FOR SALE DETAILS

PRICE

$3,690,000 USD

PRICE/SF

$293 USD /SF

# OF UNITS

15

PRICE/UNIT

$246,000

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

ME

APN/PARCEL ID

020-332-19

ASK ABOUT THIS PROPERTY

Gabriel LarkinsNevada Real Estate ConnectionsMore Info
775-378-1371

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Gabriel LarkinsNevada Real Estate ConnectionsMore Info
775-378-1371

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