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2908 Salem Place

Reno, NV 89509
  • $1,298,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 250002025
UPDATED: 64 min ago
$1,298,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,880
    SQFT
  • $451
    $/SQFT
Type:
Multi-Family
Built:
1978
County:

School Information

Elementary School:
Middle School:
High School:

Description

Welcome to this versatile 6-plex nestled in the highly sought-after Virginia Lake neighborhood of Reno. This value-add gem offers a unique opportunity for investors to capture both immediate cash flow and significant upside potential through strategic renovations. The building currently features six individual rental units that provide stable income. With a mix of spacious layouts and abundant natural light, each unit has the foundation for modern updates that can dramatically enhance tenant appeal and drive increased rental revenue. Ideally positioned just minutes from popular dining, shopping, and entertainment, as well as with easy access to major roadways and public transit, this property is perfectly situated in a market on the rise. Whether you’re looking to improve interiors, or boost overall operational efficiency, this property offers endless potential to increase both value and returns.

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Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Theresa Nelson Real Estate | Remax Gold. Real estate listings held by brokerage firms other than Theresa Nelson Real Estate | Remax Gold are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-26T13:20:03.077.
www.nevada.properties/homes/160720631
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2908 Salem Place Reno, NV 89509

  • Price: $1,298,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 64 min ago
  • MLS #: 250002025
0
Beds
0
Baths
0
½ Baths
0.34
Acres
2,880
SQFT
$451
$/SQFT
1978
Built
County:
Washoe
Elementary School:
Anderson
Middle School:
Swope
High School:
Reno
Property Description
Welcome to this versatile 6-plex nestled in the highly sought-after Virginia Lake neighborhood of Reno. This value-add gem offers a unique opportunity for investors to capture both immediate cash flow and significant upside potential through strategic renovations. The building currently features six individual rental units that provide stable income. With a mix of spacious layouts and abundant natural light, each unit has the foundation for modern updates that can dramatically enhance tenant appeal and drive increased rental revenue. Ideally positioned just minutes from popular dining, shopping, and entertainment, as well as with easy access to major roadways and public transit, this property is perfectly situated in a market on the rise. Whether you’re looking to improve interiors, or boost overall operational efficiency, this property offers endless potential to increase both value and returns.
Exterior Features

Construction Wood Frame Exterior Stucco Fenced None Foundation Concrete Slab Landscaped Yes Parking Capacity 6 Parking Types Common Roof FlatTile Sprinklers None

Interior Features

1 Bedroom Baths 2 1 Bedroom Sq Ft 570 2 Bedroom Baths 4 2 Bedroom Sq Ft 740 3 Bedroom Baths 0 3 Bedroom Sq Ft 0 4 Bedroom Baths 0 4 Bedroom Sq Ft 0 Appliances RefrigeratorOven/Range Flooring CarpetWood Heating Cooling Air UnitNatural GasWall HeaterVaries by Unit Laundry Common Manager Unit Baths 0 Manager Unit Bedrooms 0 Manager Unit Sq Ft 0 Stories 2 Story Studio Baths 0 Studio Sq Ft 0 Unit Features Blinds/ShadesSmoke DetectorVaries Per Unit Water Heater ElectricNatural Gas Windows Double Pane

Property Features

1 Bedroom Avg Rent Per Unit 1095 1 Bedroom Units 2 2 Bedroom Avg Rent Per Unit 1220 2 Bedroom Units 4 3 Bedroom Avg Rent Per Unit 0 3 Bedroom Units 0 4 Bedroom Avg Rent Per Unit 0 4 Bedroom Units 0 Access Public Annual Income And Expenses Pro Forma Ccr Restrictions No Common Features Alley Access Documents On File Financial Statements Facility Features Separated Meters-GasSeparate Meters-ElectricPrimary Meter-WaterSeparate Water HeatersSeparate Heating/CoolingTenant Pays Utilities Green Feature Double Pane Windows Multifamily Type Apartment Building (up to 8 Unit Net Operating Income 58790 Owners May Sell CashExchange 1031 Sale Lease For Sale Special Condition Of Sale None Studio Avg Rent Per Unit 0 Studio Units 0 Utilities City/County WaterCity SewerElectricityNatural Gas Zoning Actual MF30

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Sierra Nevada Properties-Reno: .

Northern Nevada Regional MLS logo © 2025 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Theresa Nelson Real Estate | Remax Gold. Real estate listings held by brokerage firms other than Theresa Nelson Real Estate | Remax Gold are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-03-26T13:20:03.077.
 
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Theresa Nelson Real Estate | Remax Gold
10795 Double R. Blvd.
Reno NV, 89521