2151-2165 Patton Dr — Sale in Reno, NV

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Reno, NV 89512
  • Size: 6,816 SF
  • Year built: 1964

Investment Figures

Price per square foot
$213

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Fully occupied 8-unit multi-family (2 4-plexes) with $119,460 gross income, $87,997 NOI, and 6.06% CAP rate. Each 4-plex on its own parcel, and qualifies for conventional financing! Seller financing available with 50% down, terms negotiable. New roofs (2023/2025, with warranties), fresh exterior paint, updated windows/sliders, resealed parking lot. Some units with modern upgrades (granite counters, LVP flooring). Turnkey investment with strong cash flow! Units individually metered for Power & Gas.

Market Context

This multifamily in Reno, NV is listed for sale at $1,450,000 across 6,816 SF. The building dates to 1964. It has been on the market for 74 days. Compare it against other multifamily listings for sale in Reno, NV — view the full market.

As of Q1 2026, the Reno multifamily market showed a 7.0% vacancy rate. Source: Cushman & Wakefield Q1 2026 market report.

Multifamily market FAQ

Is the Reno multifamily market tightening or softening?
Vacancy is around 7.0% (Q1 2026).

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