210 Claremont Street Multifamily
  • Property Type
    MultifamilyProperty Type
  • Total Units
    6Total Units
  • Price/Unit
    $196KPrice/Unit
  • In-Place Cap Rate
    5.21%In-Place Cap Rate
  • In-Place Rents
    $89,460In-Place Rents
  • Ownership Interest
    Fee SimpleOwnership Interest

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 Type
    Multifamily
  • Occupancy
    100%
  • Built
    1962
  • Total Acres
    ~0.16 ac

Sale Details

  • Cap Rate
    5.21%
  • NOI
    $61,275
  • Stabilized Cap Rate
    5.78%
  • Stabilized NOI
    $67,943
  • In-Place Cap Rate
    5.21%
  • In-Place NOI
    $61,275
  • GRM
    12.58
  • Potential GRM
    11.47
  • In-Place Rents
    89,460
  • Market Rents
    98,400
  • Rents Below Market
    10%

Documents

Property Address

210 Claremont Street
Reno, NV 89502

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

Ben Galles profile image

Ben Galles

Senior Vice President
CBRE