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  • $1,298,000

    2908 Salem Pl, Reno, NV 89509

    10beds
    6baths
    2,880sqft
    : 
    MultiFamily
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $451/sqft
    $-- HOA

    What's special

    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.
    80 days
    on Zillow
    |
    478
    |
    27
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 24, 2025 at 10:59pm

    Listed by:

    Henry Huang 775-772-7573,

    Sierra Nevada Properties-Reno

    Source: NNRMLS,MLS#: 250002025MLS LogoOriginating MLS: Sierra Nevada Association of Realtors
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2908 Salem Pl.

    Next available tour time:Today at 4pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    Heating
    • Natural Gas, Wall Furnace
    Cooling
    • Air Unit, Varies by Unit, Separate Water Heaters, Separate Heating/Cooling
    Appliances
    • Included: Refrigerator, Oven/Range
    • Laundry: Common Area
    Features
    • Varies Per Unit
    • Flooring: Carpet, Wood
    • Windows: Blinds/Shades, Double Pane Windows
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,880 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Common
    Features
    • Levels: Two
    • Stories: 2
    • Fencing: None
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 01943114
    • Zoning: MF30
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Stucco, Wood Frame
    • Foundation: Concrete Slab
    • Roof: Flat,Tile
    Condition
    • Year built: 1978

    Utilities & green energy

    • Electric: Separate Meters-Electric
    • Sewer: Public Sewer
    • Utilities for property: Water Connected, Electricity Connected, Natural Gas Connected
    Green energy
    • Energy efficient items: Double Pane Windows

    Community & HOA

    Community
    • Features: Alley Access
    • Security: Smoke Detector(s)
    • Subdivision: NV
    Location
    • Region: Reno

    Financial & listing details

    • Price per square foot: $451/sqft
    • Price range: $1.3M - $1.3M
    • Date on market: 2/21/2025
    • Date available: 02/01/2025
    • Listing terms: 1031 Exchange,Cash
    • Tenant pays: All Utilities
    • Electric utility on property: Yes
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