80 Vine St
Five-unit multifamily building in downtown Reno, Nevada, offered at $1,150,000 at a 5.29% cap. Four units are currently leased and generating income; one one-bedroom is vacant and ready for occupancy or re-lease. The property sits in a walkable neighborhood blocks from downtown restaurants, shopping, and entertainment, with immediate access to the Truckee River, University of Nevada, and Lake Tahoe.
Built in 1987 and comprehensively renovated in 2020, the 3,083 SF, two-story building contains one two-bedroom apartment and four one-bedroom units, each with modern vinyl plank flooring, updated cabinetry, and contemporary fixtures. On-site coin-operated laundry serves all residents. The 0.11-acre lot is zoned MD-PD and provides 1.95 parking spaces per 1,000 SF. Located in Nevada—a state with no personal income tax—the property offers both immediate cash flow and long-term appreciation potential, appealing to investors and owner-occupants alike.
- Four of five units leased; one vacant unit ready for owner-occupancy or re-lease
- Fully renovated in 2020 with modern finishes throughout
- Walkable downtown location near restaurants, shopping, entertainment, and Truckee River
- Nevada—no state personal income tax
- Minutes from University of Nevada, Sierra foothills, and Lake Tahoe
More property details
Features & amenities
Location
80 Vine Street presents a beautifully renovated multifamily property located in one of Reno's most established and walkable neighborhoods. Ideally situated just blocks from downtown Reno's restaurants, shopping, and entertainment, and within walking distance of the Truckee River and the University of Nevada, the property offers an exceptional blend of urban convenience and neighborhood charm. Originally built in 1987, the property has been thoughtfully updated and features five residential units, including one two-bedroom apartment and four one-bedroom apartments, all enhanced with modern vinyl plank flooring, updated cabinetry, and contemporary fixtures.
The property provides an attractive opportunity for both investors and owner-occupants. Four of the five units are currently leased, generating immediate rental income, while the remaining unit is vacant and ready for an owner or new tenant. Residents also benefit from the convenience of on-site coin-operated laundry facilities. Located in Nevada, a state with no personal income tax, and just minutes from downtown Reno, the Sierra foothills, and Lake Tahoe, 80 Vine Street offers a well-maintained, income-producing asset with an outstanding location and long-term investment appeal.