629 Sinclair St, Reno, NV 89501
- $975,000
- 2,700
- SqFt
- Sold Price
- $975,000
- List Price
- $995,000
- Status
- CLOSED
- MLS#
- 250001710
- Subdivision
- Other
- Subdivision
- New Southside Addition
- Days on Market
- 270
- Closing Date
- Nov 10, 2025
- Year Built
- 1918
- Acres
- 0.16
- Living Area
- 2,700
- Lot Size
- 7,013
Property Description
629 Sinclair is an opportunity for an investor to pick up 5 Midtown Reno multifamily units that offer charm and lifestyle for tenants. Along with that lifestyle is the possibility to lease these units at the highest rates in Reno. Three of the five units have been renovated in recent years. With an adjustment in rental rates, the property could have an address income net monthly income of 5,323 dollars per mo with an Annual Return cap of 6.42 percent. This assumes the market is 7 percent for full property management. Please request a complete financial analysis of this investment. If the property were renovated, the investor could possibly receive a 13 percent upside from the current cash flow.
/u.realgeeks.media/carson-tahoehomes/dlg.jpg)
Additional Information
- Taxes
- $1,706
- Utilities
- Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Roof
- Pitched, Composition, Shingle
- Foundation
- Crawl Space, Slab, Stone
- Garage Description
- Alley Access, Assigned
- Elementary School
- Booth
- Middle School
- Vaughn
- High School
- Wooster
Mortgage Calculator
Courtesy of Trevor Richardson and Address Income. Contact:
Selling Office: RE/MAX Gold-Incline Village.
© 2017 Northern Nevada Regional MLS, Inc. All Rights Reserved
Data last updated on 06/28/2017.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Information deemed reliable but not guaranteed