For Sale
$2,595,000

734 Tahoe StReno, NV 89509

Luxury 6-unit building, prime location

Overview

Added:
Feb 11
Days on market:
55
This exceptional 6-unit apartment building, constructed in 2024, presents a compelling investment opportunity. Located in Reno's desirable Midtown submarket, at 734 Tahoe Street, this Class A property boasts 5,236 square feet of net rentable space on a 0.138-acre lot. The building features a mix of unit sizes: four one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one three-bedroom/three-bathroom unit, all with 100% occupancy. Each unit showcases custom finishes, including large kitchens, new washer/dryers, spacious closets, shaker-style cabinets with crown molding, quartz countertops, and ceiling fans. Select units offer upgraded features such as vaulted ceilings, custom beams, enhanced vanities, larger kitchens with islands, and dining spaces. The Spanish Revival-inspired design incorporates a thoughtfully designed common area and covered access points, enhancing the overall appeal. Its proximity to South Virginia Street provides convenient access to Reno's vibrant Midtown amenities, including restaurants, shops, and entertainment venues. This low-maintenance property is ideal for investors seeking a strong return and a desirable location in a landlord-friendly state. The property's permitted zoning is MU-MC, and its APN is 011-272-10. This is a warranted new construction offering a compelling opportunity for a 1031 exchange. The asking price is $2,595,000.

Highlights

  • $2,595,000 asking price for this Class A multifamily property.
  • Brand new (2024) construction, low-maintenance apartment building.
  • Six spacious units with custom finishes.
  • Located in Reno's desirable Midtown submarket.
  • Excellent 1031 exchange opportunity.

Property Details for 734 Tahoe St

Property type
Apartment buildings
Square Feet
5,236 SF
Class
A
Year Built
2024
Buildings
1
Stories
2
Lot Size (sq. ft)
6,011 SF
Units
6

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5175173
Longitude
-119.809688
734 Tahoe St, Reno, Nevada

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734 Tahoe St
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