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Stewart St Commons 1504 N Stewart St 4 Unit Apartment Building $1,844,480 CAD ($461,120 CAD/Unit) 4.75% Cap Rate Carson City, NV 89706
Investment Highlights
- All 2 Bed Units
- On-Site Coin Op Laundry Room
- Garage Parking
- Strong Carson City Rental Market
- Large 0.23 Acre Corner Lot
- Partially Renovated
Executive Summary
The Stewart St Commons is located in one of Carson City, Nevada’s most established residential neighborhoods. This 4-plex is on a corner lot and offers all 2 bedroom 1 bathroom units, secured garage parking for each unit, and has very mature landscaping creating a tranquil environment for tenants. The units have received interior renovations to more modern standards.
Centrally located near Highway 50, the Stewart St Commons is just minutes from the Nevada State Capitol, downtown Carson City, shopping, dining, schools, and major employers, providing residents with easy access to everything the city has to offer. Carson City is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many residences and visitors seeking both employment, recreation and business.
Centrally located near Highway 50, the Stewart St Commons is just minutes from the Nevada State Capitol, downtown Carson City, shopping, dining, schools, and major employers, providing residents with easy access to everything the city has to offer. Carson City is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many residences and visitors seeking both employment, recreation and business.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,844,480 CAD | Apartment Style | Garden |
| Price Per Unit | $461,120 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 2,832 SF |
| Cap Rate | 4.75% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.82/1,000 SF |
| Zoning | MFD - Multifamily | ||
| Price | $1,844,480 CAD |
| Price Per Unit | $461,120 CAD |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.23 AC |
| Building Size | 2,832 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2023 |
| Parking Ratio | 2.82/1,000 SF |
| Zoning | MFD - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,206 CAD | 698 - 736 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 002-133-06 | Total Assessment | $87,445 CAD |
| Land Assessment | $40,927 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $46,518 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
002-133-06
Land Assessment
$40,927 CAD
Improvements Assessment
$46,518 CAD
Total Assessment
$87,445 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Stewart St Commons | 1504 N Stewart St
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