Active
New
2908 Salem Place
Reno NV, 89509
$1,298,000
$450.69 per sqft
Active
New
6 Baths
2,880 sqft
Multi-family
Built in 1978
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.
250002025
MLSⓇ ID
February 20, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Total Bathrooms
6
Half Bathrooms
2
Appliances
Oven/Range, Refrigerator
Laundry Description
Common
Floor Description
Carpet, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Air Unit, Natural Gas, Wall Heater, Varies by Unit
Heating
Yes
Heating Description
Air Unit, Natural Gas, Wall Heater, Varies by Unit
Exterior/Building Features
Lot Size
0.34 Acres
Exterior Features
Stucco
Roof
Flat, Tile
Security
None
School Information
High School
Reno
Elementary School
Anderson
Other Property Details
Days on Market
20
Garage
No
Parking
Common
Parking Total
6
View
No
County
Washoe
Pool
No
Utilities
City/County Water, City Sewer, Electricity, Natural Gas
Zoning
MF30
Courtesy of Sierra Nevada Properties-Reno, Henry Huang
The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
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Data last updated 11:58 PM UTC, 2/21/2025