Multifamily Property for Sale in Reno, NV

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Reno, NV 89501

Description

14-Unit Multifamily/Motel Downtown Site With 5.5% Owner Financing Available The Townsite Studios at 250 W Commercial Row presents an opportunity to acquire a renovated multifamily/motel property in the heart of Reno’s exciting Neon Line District. This asset benefits from future upside in one of the city’s most dynamic redevelopment areas where significant investment in the nearby area is expected in the coming years. The unit mix consists of 14 units, 13 studio apartments, and 1 one-bedroom unit. A significant remodel completed in 2022–2023 brought modern updates to the units as well as a more appealing exterior. The Seller is willing to provide owner financing with 40% down at 5.5% interest—an attractive option for investors seeking better than market financing terms.

Market Context

This multifamily in Reno, NV is listed for sale at $1,600,000. It has been on the market for 148 days. Compare it against other multifamily listings for sale in Reno, NV — <a href="/search/sale/multifamily/nevada/reno">view the full market</a>.

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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