138 Keystone AveReno, NV 89503

Property Details for 138 Keystone Ave

Property size (Sq ft)

3,474 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a four-unit multifamily property located in Reno, Nevada. The portfolio comprises two separate parcels, each with two single-family homes, situated at 138 and 144 Keystone Ave, Reno, NV 89503. The properties boast a combined total of 3,474 square feet and are situated on approximately 0.29 acres of land. The buildings, constructed in 1924 and 1930, are single-story structures. The unit mix includes a combination of one-bedroom, one-bathroom and two-bedroom, one-bathroom units. One property (APN 011-012-15) features a main house of approximately 1,050 square feet with an additional 980 square feet of unfinished basement space, and a second unit of 656 square feet with an 816 square foot unfinished basement. The second property (APN 011-012-16) includes a main house of approximately 1,168 square feet with 504 square feet of finished and 560 square feet of unfinished basement space, and a second unit of 600 square feet with a 600 square foot finished basement. Both properties are zoned MD-PD (Mixed-Use Downtown Powning District). The asking price for this portfolio is $1,150,000, representing a price per unit of $287,500 and a price per square foot of $331.03. This presents a strong value proposition in the desirable Reno real estate market. The properties offer significant potential for rental income and future appreciation.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.524

Longitude

-119.825

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