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.

©2025 Northern Nevada Regional MLS. All rights reserved.

Data last updated 11:58 PM UTC, 2/21/2025

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