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$1,225,000
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Property Description
Investment Opportunity: 5-Unit Apartment Building Property Overview: Welcome to this exceptional investment opportunity! This well-maintained 5-unit apartment building features a total of 6 bedrooms and 6 bathrooms, offering a versatile rental option in a prime location. With a mix of one-bedroom and two-bedroom units, this property promises both immediate rental income and long-term potential. Total Units: 5 1 Bedroom Units: 4 (each with 1 bath) 2 Bedroom Unit: 1 (with 2 baths) Gross Square Footage: 4,998 Laundry: Coin-operated units in a shared laundry area, plus dedicated storage for each tenant. Recent Renovations: The 2-bedroom unit was recently renovated, offering modern amenities and fresh updates. Key Features: Consistent Layouts: The one-bedroom units are almost identical, providing ease of management and predictability in rental income. The spacious two-bedroom unit is located in the finished basement, excluding the shared laundry area. Investment Potential: A great opportunity for investors looking for a stable rental income stream with the added benefit of recent renovations. Tenant Amenities: Dedicated storage and laundry facilities enhance tenant satisfaction and retention. Contact: For more information or to schedule a private showing of the vacant unit, please call the listing agent. Don't miss out on this opportunity to invest in a promising property with strong rental potential!
Full Property Details
Full Property Details for 1050 W 2nd St
General
- Sold For: $1,225,000
- Taxes: $2,161
- Status: Closed
- Type: Multi-Family
- Source: 2502
- MLS ID: 240011335
- Added to Site: 504 day(s) ago
Interior
- Flooring: Vinyl Tile, Wood, Varies by Unit
Parking
- Parking: None
Location
- County: Washoe
- Driving Directions: Keyston
Heating & Cooling
- Heating Fuel: Natural Gas, Forced Air
- Water Heater: Natural Gas
Utilities
- Separate Meters: Yes
Structural Information
- Construction: Rock
- Exterior Const.: Brick
- Roof: Composition/Shingle, Pitched
- Disability Access: Public
- Stories/Levels: 3 Story
- Year Built: 1932
Unit Information
- Units in Building: 5
- Unit Features: Blinds/Shades, Smoke Detector, Vaulted Cathedral Ceiling, Varies Per Unit
- 1 Bedroom Units: 4
- 2 Bedroom Units: 1
Lot Features
- Zoning: GC
Financial Considerations
- Price Per Sq. Ft.: $245.1
- Assessment Amount: $1,932
- Tax Amount: $2,161.49
Disclosures and Reports
- Documents Avail.: Financial Statements
- APN: 1004634
Listed by Marmot Properties, LLC, Laura Kirsch (775) 391-9076
Sold by Ferrari-Lund Real Estate Reno, Steve V Blane
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Schools
Schools serving 1050 W 2nd St
School District:Washoe County School District
| Name | Grades | Distance |
|---|---|---|
Hunter Lake Elementary School 909 Hunter Lake Drive, Reno, NV 89509 | K-5 | 1 mi |
Darrell C Swope Middle School 901 Keele Drive, Reno, NV 89509 | 6-8 | 1.4 mi |
Reno High School 395 Booth Street, Reno, NV 89509 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1050 W 2nd St
Date
Details
Price
Change
Source
3/26/2025
Sold
$1,225,000
-2%
MLS
10/07/2024
Price Reduced
$1,250,000
-3.85%
MLS
9/04/2024
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1050 W 2nd St, Reno, NV 89503 (MLS# 240011335) is a Multi-Family property that was sold at $1,225,000 on March 26, 2025. Want to learn more about 1050 W 2nd St? Do you have questions about finding other Multi-Family real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.

