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190 Locust is an 8-unit multifamily property in Reno's supply-constrained 89502 submarket — offered on its own or alongside its nearly identical sister building at 900 Willow Street for buyers who want to double up to 16 doors in a single transaction. The two properties are separately parceled, so investors can take one or both. Constructed in 1964 with concrete block and masonry bearing walls, this two-story building carries eight uniform 506 SF one-bedroom, one-bath units across 4,048 SF of building on a 5,461 SF lot zoned Mixed-Use (MU). 190 Locust also includes a 276 SF basement area — currently used for storage but plumbed with real potential for conversion into a common-area laundry room, opening up a new income stream and a straightforward lift to NOI. The address puts tenants minutes from Renown Regional Medical Center — northern Nevada's largest hospital and one of the region's most reliable rental-demand drivers — with Midtown Reno, the South Wells Avenue corridor, downtown, the Truckee Riverwalk, and the University of Nevada all within easy reach. The all-one-bedroom floor plan set matches Reno's expanding pool of single medical professionals, young workers, and students, making 190 Locust an easy fit for value-add operators, 1031 exchange buyers seeking stabilized-with-upside product, and out-of-state investors targeting the medical district.

260012193 MLS

190 Locust is an 8-unit multifamily property in Reno's supply-constrained 89502 submarket — offered on its own or alongside its nearly identical sister building at 900 Willow Street for buyers who want to double up to 16 doors in a single transaction. The two properties are separately parceled, so investors can take one or both. Constructed in 1964 with concrete block and masonry bearing walls, this two-story building carries eight uniform 506 SF one-bedroom, one-bath units across 4,048 SF of building on a 5,461 SF lot zoned Mixed-Use (MU). 190 Locust also includes a 276 SF basement area — currently used for storage but plumbed with real potential for conversion into a common-area laundry room, opening up a new income stream and a straightforward lift to NOI. The address puts tenants minutes from Renown Regional Medical Center — northern Nevada's largest hospital and one of the region's most reliable rental-demand drivers — with Midtown Reno, the South Wells Avenue corridor, downtown, the Truckee Riverwalk, and the University of Nevada all within easy reach. The all-one-bedroom floor plan set matches Reno's expanding pool of single medical professionals, young workers, and students, making 190 Locust an easy fit for value-add operators, 1031 exchange buyers seeking stabilized-with-upside product, and out-of-state investors targeting the medical district.

190 Locust St, Reno

$575,000

An exceptional turnkey duplex offering spacious residences, desirable amenities, and a fresh renovation! This well maintained property features two large 2 bedroom, 1 bathroom units, each complete with its own washer and dryer and private backyard. With a long history of strong rental demand, consistent occupancy, and reliable cash flow, this is an exciting opportunity for investors and owner occupants alike. Unit 1196 has been newly renovated and showcases sleek luxury vinyl plank flooring, fresh interior paint, new carpet, upgraded light fixtures, and a beautifully remodeled bathroom. The bathroom features a striking tile shower, tile flooring, new toilet, and a stylish new vanity, creating a fresh and contemporary feel throughout the residence. Both units offer generously sized floor plans and the added convenience of private in unit laundry. Each residence also enjoys its own spacious and private backyard, providing an amenity that is increasingly difficult to find in a duplex setting. The property also features a new water heater. With a proven history of stability, very strong tenant demand, and very limited vacancy, this property is truly turnkey and positioned for a seamless transition to its next owner. Conveniently located with easy access throughout Reno, this is a compelling opportunity to acquire a quality income-producing property with an established track record.

4 Beds ⋅ 2 Baths ⋅ 260011879 MLS

An exceptional turnkey duplex offering spacious residences, desirable amenities, and a fresh renovation! This well maintained property features two large 2 bedroom, 1 bathroom units, each complete with its own washer and dryer and private backyard. With a long history of strong rental demand, consistent occupancy, and reliable cash flow, this is an exciting opportunity for investors and owner occupants alike. Unit 1196 has been newly renovated and showcases sleek luxury vinyl plank flooring, fresh interior paint, new carpet, upgraded light fixtures, and a beautifully remodeled bathroom. The bathroom features a striking tile shower, tile flooring, new toilet, and a stylish new vanity, creating a fresh and contemporary feel throughout the residence. Both units offer generously sized floor plans and the added convenience of private in unit laundry. Each residence also enjoys its own spacious and private backyard, providing an amenity that is increasingly difficult to find in a duplex setting. The property also features a new water heater. With a proven history of stability, very strong tenant demand, and very limited vacancy, this property is truly turnkey and positioned for a seamless transition to its next owner. Conveniently located with easy access throughout Reno, this is a compelling opportunity to acquire a quality income-producing property with an established track record.

1196 Virbel Ln, Reno

$680,000

4-Plex. New roof! Fully occupied. Please do not disturb tenants. Tours of units will be available once an offer is accepted. (Buyer can make offer contingent on viewing units.) Rent roll and expense report available upon request.

8 Beds ⋅ 4 Baths ⋅ 260010634 MLS

4-Plex. New roof! Fully occupied. Please do not disturb tenants. Tours of units will be available once an offer is accepted. (Buyer can make offer contingent on viewing units.) Rent roll and expense report available upon request.

675 Denslowe Dr, Reno

$1,325,000

University Cottage at Ralston consists of one existing duplex and room to add additional units on the lot. The property sits on a large 0.275 acre lot with MF-14 zoning within the University rental submarket. There are a total of 9 bedrooms and 5.5 bathrooms. The property has been fully remodeled with tons of capex expenditures completed. This asset has newer tankless water heaters, multiple mini splits, recent exterior paint, newer roof, new electrical, new plumbing, and beautiful curb appeal. The interiors feature LVP and wood look tile flooring, wood beams, upgraded wall texture, full tile bathroom showers, modern wood look cabinets, and quartz countertops with stainless steel appliances. Tenants enjoy on-site parking on a larger private corner lot, in-unit laundry, walk around porch, and modern finishes with a classic feel throughout. It is also a short distance to the University of Nevada Reno making it a perfect student housing investment opportunity.

9 Beds ⋅ 7 Baths ⋅ 260010463 MLS

University Cottage at Ralston consists of one existing duplex and room to add additional units on the lot. The property sits on a large 0.275 acre lot with MF-14 zoning within the University rental submarket. There are a total of 9 bedrooms and 5.5 bathrooms. The property has been fully remodeled with tons of capex expenditures completed. This asset has newer tankless water heaters, multiple mini splits, recent exterior paint, newer roof, new electrical, new plumbing, and beautiful curb appeal. The interiors feature LVP and wood look tile flooring, wood beams, upgraded wall texture, full tile bathroom showers, modern wood look cabinets, and quartz countertops with stainless steel appliances. Tenants enjoy on-site parking on a larger private corner lot, in-unit laundry, walk around porch, and modern finishes with a classic feel throughout. It is also a short distance to the University of Nevada Reno making it a perfect student housing investment opportunity.

1104 Ralston St, Reno

$575,000

2 houses on a .14 acres parcel in the heart of Renown Medical District. House 1 is a 2/1 with 1044 sqft and House 2 is a 2/1, 1044 sqft with a basement about 1000sqft. Long time tenants since 1990/2003 paying below market rent. A rental analysis for a proforma rent rate is 1750-1850 per month, see attached document. This property has redevelopment opportunity and Zoned MU.

4 Beds ⋅ 2 Baths ⋅ 260009561 MLS

2 houses on a .14 acres parcel in the heart of Renown Medical District. House 1 is a 2/1 with 1044 sqft and House 2 is a 2/1, 1044 sqft with a basement about 1000sqft. Long time tenants since 1990/2003 paying below market rent. A rental analysis for a proforma rent rate is 1750-1850 per month, see attached document. This property has redevelopment opportunity and Zoned MU.

861 Aitken St, Reno

$765,000

The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this fully occupied asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.

6 Beds ⋅ 4 Baths ⋅ 260007314 MLS

The Capitol Apartments consists of 4 total units, on a large lot with potential to build additional units. Located in Reno, NV bordering both the MidTown Reno and the Wells Avenue Districts, this fully occupied asset offers three 1 bed units and one 3 bed unit with the potential to add additional units in the future. Units have been renovated to more modern finishes which include LVP flooring, upgraded appliances, newer countertops, lighting, kitchen and bathroom, new exterior and interior paint, pavered patios, new roofs, new windows and doors, two new furnaces as well as plumbing and electrical updates. The asset is market rate housing, located within the Wells rental submarket which offers great access to restaurants, downtown Reno, Renown Medical Center, retail centers, bus lines, and community events all just steps from their front door.

468 Capitol Hill Ave, Reno

$699,000

7.2 cap rate on in place income! Opportunity to own two units with a bonus detached living space that could be used to generate additional income utilizing the space as a rental, short-term rental, or owner occupier, multi-gen living, or an art studio. The property has been meticulously maintained, with recent HVAC servicing, and jetted sewer line. The main house is 2 beds, 1 bath and 828 sqft. The garage has been converted into a modern and efficient studio that has very little vacancy. The detached bonus unit is a cleverly designed studio space with its own HVAC and water heater. All units have their own washer and dryer hookups. There is an attached RV pad with full hookups that historically brings in additional income. The property is within minutes to the University of Nevada Reno campus and there are parking spaces for 6, with dedicated City of Reno passes. Property is tenant occupied, please do not disturb the tenants.

4 Beds ⋅ 3 Baths ⋅ 260003996 MLS

7.2 cap rate on in place income! Opportunity to own two units with a bonus detached living space that could be used to generate additional income utilizing the space as a rental, short-term rental, or owner occupier, multi-gen living, or an art studio. The property has been meticulously maintained, with recent HVAC servicing, and jetted sewer line. The main house is 2 beds, 1 bath and 828 sqft. The garage has been converted into a modern and efficient studio that has very little vacancy. The detached bonus unit is a cleverly designed studio space with its own HVAC and water heater. All units have their own washer and dryer hookups. There is an attached RV pad with full hookups that historically brings in additional income. The property is within minutes to the University of Nevada Reno campus and there are parking spaces for 6, with dedicated City of Reno passes. Property is tenant occupied, please do not disturb the tenants.

99 Bartlett St, Reno

$740,000

Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.

8 Beds ⋅ 4 Baths ⋅ 260001005 MLS

Excellent investment opportunity in the heart of Reno! This 4-plex is ideally located near all major amenities and just minutes from the University of Nevada, Reno, making it highly desirable for renters. Each unit features two bedrooms and one bathroom, along with the rare convenience of both front and back private entrances. The upstairs units both have private balconies as well. Solid, long-term tenants are already in place, providing immediate and reliable cash flow. The property requires minimal maintenance, while also offering upside potential through future upgrades and rent increases. It is a strong addition to any investment portfolio in a high-demand rental market! Self-managed CAP rate 6.16 percent. Please drive by the property before requesting a showing.

650 Denslowe Dr, Reno