629 Sinclair is an opportunity for an investor to pick up 5 Midtown Reno multifamily units that offers charm and lifestyle for tenants. Along with that lifestyle is the possibility to lease these units near the highest rates in Reno. 3 of the 5 units have been renovated in recent years., With an adjustment in rental rates the property could have an address income (net monthly income) of $4,961/mo with an Annual Return (cap) of 5.83%. This assumes the market 7% for full property management. Please request a complete financial analysis of this investment. If the property was renovated the investor could possibly receive a 13% upside from the current cash flow.
Property Details
Price:
$995,000
MLS #:
250001710
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subdivision:
New Southside Addition
Listed Date:
Feb 13, 2025
Total Sq Ft:
2,700
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1918
Units:
4
See this Listing
Schools
Elementary School:
Booth
Middle School:
Vaughn
High School:
Wooster
Interior
Appliances
Oven, Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
Cooling
Electric, Varies By Unit
Flooring
Carpet, Ceramic Tile, Varies, Vinyl, Wood
Heating
Baseboard, Electric, Natural Gas, Wall Furnace, Varies By Unit
Laundry Features
In Kitchen, In Unit, Varies By Unit
Exterior
Construction Materials
Frame, Stone, Stucco, Wood Siding
Parking Features
Alley Access, Assigned
Parking Spots
2
Roof
Composition, Pitched, Shingle
Security Features
Smoke Detector(s)
Financial
Taxes
$1,707
Map
Community
- Address629 Sinclair Street Reno NV
- SubdivisionNew Southside Addition
- CityReno
- CountyWashoe
- Zip Code89501
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Market Summary
Current real estate data for Multi Family in Reno as of Aug 03, 2025
39
Multi Family Listed
91
Avg DOM
392
Avg $ / SqFt
$905,513
Avg List Price
Property Summary
- Located in the New Southside Addition subdivision, 629 Sinclair Street Reno NV is a Multi Family for sale in Reno, NV, 89501. It is listed for $995,000
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Similar Listings Nearby
Courtesy of Address Income. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Northern Nevada Regional MLS. All rights reserved. 629 Sinclair Street
Reno, NV
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