650 Denslowe Dr - Apartments FOR SALE


Reno, NV 89512- West University
$740,000 USD
775-324-7000
650 Denslowe Dr, Reno, NV for Sale
$740,000 USD
Apartments - FOR SALE
1/7
null | 6.16% Cap Rate

650 Denslowe Dr
Reno, NV 89512
West University


HIGHLIGHTS

  • Desirable investment location minutes from University of Nevada, Reno and downtown
  • Private front and back entrances for each unit; balconies for upstairs units
  • Off-street parking for six vehicles on a landscaped, low-maintenance lot
  • Fully leased with long-term tenants, offering immediate and dependable cash flow
  • Strong value-add opportunity through interior upgrades and market rent increases

OVERVIEW

An excellent multi-family investment opportunity in the heart of Reno. This well-maintained fourplex offers stable in-place income and room for upside, making it an attractive choice for seasoned and first-time investors alike. Located across from the University of Nevada, Reno, and within reach of downtown amenities, employment hubs, and entertainment venues, the property sits in one of Reno’s strongest rental demand corridors. Each unit features a functional two-bedroom, one-bathroom layout with the rare convenience of both front and back private entrances. Upstairs units enjoy private balconies, while shared amenities include off-street parking for six vehicles and a level landscaped lot that ensures easy upkeep. All units have long-term tenants in place, providing immediate cash flow from day one. Minimal maintenance and efficient unit configurations make this property a hassle-free addition to any investment portfolio. Future improvements such as unit upgrades provide clear opportunities to increase rental rates in a market with proven long-term growth.

FOR SALE DETAILS

PRICE

$740,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

4

PRICE/UNIT

$185,000

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MF30

APN/PARCEL ID

008-013-08

ASK ABOUT THIS PROPERTY

Jacqueline LescottDickson CommercialMore Info
775-324-7000

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Jacqueline LescottDickson CommercialMore Info
775-324-7000

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