Description
The Six at 210 is a six-unit multifamily investment opportunity located at 210 Claremont Street in Reno, Nevada. Situated between Midtown Reno and the Wells Avenue District, the property offers a desirable mix of studio, one-bedroom, two-bedroom, and three-bedroom units, appealing to a broad tenant base.
Most units have been renovated with modern finishes, including luxury vinyl plank flooring, upgraded fixtures, countertops, and lighting. The property also features on-site laundry facilities and parking, enhancing tenant convenience and long-term occupancy potential.
Residents benefit from easy access to Downtown Reno, Renown Medical Center, Interstate 80, public transportation, retail centers, restaurants, and major employment hubs. With in-place rental income and additional upside through future rent growth, The Six at 210 presents an attractive opportunity for investors seeking a well-located multifamily asset in one of Reno's most active rental submarkets.
Offering six total units across 4,208 square feet on approximately 0.155 acres, this market-rate multifamily property is available for sale at $1,175,000.
Offering Summary
- Asking Price$1,175,000
- Price PSF$279.23
- Price/Unit$195,833.33
- Price/Acre$7,580,645
- Property TypeMultifamily
- Occupancy100%
- Built1962
- Total Acres~0.16 ac
Sale Details
- Cap Rate5.21%
- NOI$61,275
- Stabilized Cap Rate5.78%
- Stabilized NOI$67,943
- In-Place Cap Rate5.21%
- In-Place NOI$61,275
- GRM12.58
- Potential GRM11.47
- In-Place Rents89,460
- Market Rents98,400
- Rents Below Market10%
Documents
Property Address
Property Details
- Property Type
Multifamily - Total Units
6 - Occupancy
100% - Average Unit Size
701 SF - Average Rent
$1,243 /mo - Year Built
1962 - Acres
0.16 - Zoning
MF-30 - APN
013-233-02 - Ownership Interest
Fee Simple
Deal Team



