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.
Active
$1,298,000
2908 Salem Pl, Reno, NV 89509
10beds
6baths
2,880sqft
Est.:
MultiFamily
Built in 1978
-- sqft lot
$-- Zestimate®
$451/sqft
$-- HOA
What's special
- 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#: 250002025
Originating MLS: Sierra Nevada Association of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
- Loading
- Loading