$975,000
$995,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
2,700 SqFt
SOLD DATE : 11/10/2025
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $361
MLS Listing ID 1018369
Sold Date 11/10/25
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1918
Annual Tax Amount $1,706
Lot Size 7,013 Sqft
Acres 0.161
Property Sub-Type Multi Family
Property Description
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 $1,429/mo with an Annual Return (cap) of 6.69%. 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.
Location
State NV
County Washoe
Area Other Washoe Areas
Interior
Heating Natural Gas, Baseboard, Electric, Gas, Other
Cooling Central Air, Wall/Window Unit(s), 1 Unit
Flooring Hardwood, Partially Carpeted, Tile, Vinyl
Fireplace No
Exterior
Exterior Feature Fence, Landscaping
View Y/N Yes
View Mountain(s), Trees/Woods
Roof Type Composition,Pitched,Shingle,Wood
Building
Lot Description Level
Construction Status Updated/Remodeled
Others
Tax ID 011-233-07
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Financing Cash
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