Price:
$1,590,000
MLS #:
250052964
Lot Size:
0.36 Acres - 15,812 Sq Ft
Yr. Built:
1972
Type:
Commercial
Multi Family
Available:
July 11th 2025
Tax/APN #:
012-163-02
Taxes/Yr.:
$4,657
Address:
372 Maine Street
Reno, NV 89502
5.55% CAP Rate on actuals / 7% proforma CAP Rate achievable by bringing rents to market rate. Current Gross Income = $88,213 / proforma Gross Income estimated at $111,284. Historically, the seller has benefited from low vacancy and stable income. Laundry hook-ups in all units. Property was freshly painted in 2025. Duplex building roof was replaced in 2025. Flexible MU (Mixed Use) zoning. Property was built in various stages - 1960 (2 units), 1962 (3 units), and 1984 (4 units). $176,667 per unit at asking price. APOD and Rent Roll are available. Property is tenant occupied - please, DO NOT disturb them.
Listing offered by:
Chris McCain - License# S.183923 with DL Realty - 775-762-5418.
Map of Location:
Data Source:
Listing data provided courtesy of: Northern Nevada Regional MLS (Data last refreshed: 07/13/25 2:00pm)
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Notice & Disclaimer: All listing data provided at this website (including IDX data and property information) is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but is not guaranteed to be accurate. All measurements (including square footage) should be independently verified by the buyer.
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