Listed by Colliers - Reno, Nevada
Unpriced
480 South Sierra Street
Details
APN 011-183-14, 011-183-07
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 23,124
Units 30
NOI $246,197
Occupancy 92%
Tenancy Multi
Year Built 1921
Buildings 4
Acreage 0.712
Zoning MD-RD: Mixed-Use Downtown Riverwalk District
Parking Spaces 39 spaces
Parking Per SqFt 1.69
Investment Type Value Add
Mixed Use | 23,124 SqFt
Marketing description
Located at the corner of Sierra Street and California Avenue, this mixed-use property sits right in the heart of Midtown's rapidly changing and growing corridor. The asset includes both multifamily and commercial components, offering steady in-place cash flow, with a 2025 NOI of $246,197. The commercial space is leased to established, long-term tenants, while the residential units provide consistent income a value-add play over time. Overall, it's a strong opportunity for investors looking for a well-located property with a mix of stability and upside.
Listing Contacts
Listed by Colliers - Reno, Nevada
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$246,197.00
$20,516.42/mo
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