Property Description
5.55% CAP Rate on actuals / 7% proforma CAP Rate achievable by bringing rents to market rate. Current Gross Income = $88,213 / proforma Gross Income estimated at $111,284. Historically, the seller has benefited from low vacancy and stable income. Laundry hook-ups in all units. Property was freshly painted in 2025. Duplex building roof was replaced in 2025. Flexible MU (Mixed Use) zoning. Property was built in various stages – 1960 (2 units), 1962 (3 units), and 1984 (4 units). $176,667 per unit at asking price. APOD and Rent Roll are available. Property is tenant occupied – please, DO NOT disturb them.
Features
: Internet Available, Water Meter Installed, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Cellular Coverage, Phone Available, Electricity Connected, Sewer Connected, Water Connected, Cable Connected, Internet Connected, Natural Gas Connected, Phone Connected
: Mill St. To Gould St. To Lewis St. To Maine St.
Address Map
US
NV
Washoe
Reno
89502
Maine
372
0
W120° 12' 26.4''
N39° 31' 31.1''
Additional Info
DL Realty
Chris McCain
07-11-2025 23:38:46
Active
07-11-2025
12560
1950-o
07-11-2025
$0
07-12-2025 04:14:05
2
$0
012-163-02
$0
$0
Commercial Sale Residential
372 Maine, Reno, Nevada 89502
0.36 Acre
$1,590,000
Listing ID #250052964
Basic Details
Property Type : Commercial Sale
Listing Type : Residential
Listing ID : 250052964
Serial Number : 20250711203637980300000000
Price : $1,590,000
View : Trees
Year Built : 1972
Lot Area : 0.36 Acre
Status : Active
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent
