921 Willow Street 911-921, Reno, NV 89502

• 5,549 sqft

Property Description

Well priced twelve-unit investment property with a proven track record of generating stable income. There are 4 buildings on site: a 4-plex a 2-plex, and two 3-plexes. Units range from studios to two-bedrooms, and two units have private yards. There is a fully fenced yard area in the center of the property. New roof installed on one 3-plex within the last two years. Close proximity to Midtown and Downtown Reno, I-80 and I-580 freeways, Renown Hospital and the VA Hospital, with only 2.6 miles to the University of Nevada, Reno historically keeps vacancy low. All units have been updated in the last 4 years for easy turnovers. Good tenants, generating nearly one hundred and fifty thousand dollars in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Self-managed CAP rate is just over six percent. Call listing agent for APOD info. Tenant occupied - please do not disturb them.

Listing Status:

Active

Date Added:

April 29, 2026

Data Last Updated:

May 20, 2026 at 4:41AM

Listing Office:

Dickson Realty - Downtown : 775-324-7000

Listing Agent:

Jacqueline Lescott : 775-360-0060

MLS ID:

260005217

Interior

• Laundry: None
• Basement: Unfinished
• Flooring: CarpetCeramic TileLaminateLuxury VinylTileWoodVaries
• A/C: ElectricWall/Window Unit(s)
• Heating: ElectricForced AirNatural GasWall Furnace

Exterior

• General: None
• Other Structures: None
• Parking: AsphaltOff StreetOn StreetPavedParking spaces: 12

Construction

• Roofing: PitchedAsphaltFlatShingleOther
• Windows: Metal FramesSingle Pane WindowsVinyl FramesBlindsDouble Pane WindowsWood Frames
• General: Attic/Crawl Hatchway(s) InsulatedBatts InsulationBrickOtherUnknownWood Siding2Brick/MortarOtherSlab

Location

• Road/Access: Public
• HOA Amenities: None
• County: Washoe

Lot

• Zoning: MU012-143-51
• Fencing: FencedFront YardWood

Utilities

• Utilities: Cellular CoverageInternet AvailableWater Meter InstalledCable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected220 Volts110 Volts
• Water: Public
• Sewer: Public Sewer