921 Willow Street
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1 of 3 Photos
Price:
$1,862,000 
MLS #:
260005217
Lot Size:
0.29 Acres - 12,458 Sq Ft
Yr. Built:
1957
Type:
Commercial
Multi Family
Tax/APN #:
012-143-51
Taxes/Yr.:
$4,103
Subdivision:
Aitken Addition
Address:
921 Willow Street
Reno, NV 89502
Well priced twelve-unit investment property with a proven track record of generating stable income. There are 4 buildings on site: a 4-plex a 2-plex, and two 3-plexes. Units range from studios to two-bedrooms, and two units have private yards. There is a fully fenced yard area in the center of the property. New roof installed on one 3-plex within the last two years. Close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.6 miles to the University of Nevada, Reno historically keeps vacancy low. All units have been updated in the last 4 years for easy turnovers. Good tenants, generating nearly one hundred and fifty thousand dollars in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Self-managed CAP rate is just over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.
Listing offered by:
Jacqueline Lescott - License# S.187479 with Dickson Realty - Downtown - 775-324-7000.
Map of Location:
Data Source: Listing data provided courtesy of: Northern Nevada Regional MLS (Data last refreshed: 05/01/26 11:08am) - 2

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