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Sherese Nguyen

sheresenguyen.realtor@gmail.com +1(702) 205-0795

$ 1,350,000

Est. payment -/mo

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190 Locust Reno, NV 89502

4,048 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,048 sqft

Price per Sqft $333

Subdivision Aitken Addition

MLS Listing ID 260012193

Year Built 1964

Annual Tax Amount $2,470

Lot Size 5,461 Sqft

Acres 0.13

Lot Dimensions 0.13

Property Sub-Type Income

Property Description

190 Locust is an 8-unit multifamily property in Reno's supply-constrained 89502 submarket — offered on its own or alongside its nearly identical sister building at 900 Willow Street for buyers who want to double up to 16 doors in a single transaction. The two properties are separately parceled, so investors can take one or both. Constructed in 1964 with concrete block and masonry bearing walls, this two-story building carries eight uniform 506 SF one-bedroom, one-bath units across 4,048 SF of building on a 5,461 SF lot zoned Mixed-Use (MU). 190 Locust also includes a 276 SF basement area — currently used for storage but plumbed with real potential for conversion into a common-area laundry room, opening up a new income stream and a straightforward lift to NOI. The address puts tenants minutes from Renown Regional Medical Center — northern Nevada's largest hospital and one of the region's most reliable rental-demand drivers — with Midtown Reno, the South Wells Avenue corridor, downtown, the Truckee Riverwalk, and the University of Nevada all within easy reach. The all-one-bedroom floor plan set matches Reno's expanding pool of single medical professionals, young workers, and students, making 190 Locust an easy fit for value-add operators, 1031 exchange buyers seeking stabilized-with-upside product, and out-of-state investors targeting the medical district.

Location

State NV

County Washoe

Community Aitken Addition

Area Aitken Addition

Zoning MU

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s), Varies By Unit

Flooring Vinyl

Fireplace No

Laundry None

Exterior

Exterior Feature None

Parking Features Common

Pool None

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Cellular Coverage

View Y/N No

Roof Type Flat

Garage No

Building

Lot Description Corner Lot, Landscaped, Level

Story 2

Foundation Slab, Crawl Space

Water Public

Structure Type Block,Concrete,Wood Siding

Schools

Elementary Schools Booth

Middle Schools Vaughn

High Schools Wooster

Others

Tax ID 012-143-52

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Marmot Properties, LLC

Sherese Nguyen

Agent License ID: S.0200318

+1(702) 205-0795

Sherese Nguyen

190 Locust Reno, NV 89502

Key Details

Location

Interior

Exterior

Building

Schools

Others

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190 Locust