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1534 County Rd - 1532-1534 County Road 6 Unit Apartment Building Offered at $1,607,024 CAD at a 2.79% Cap Rate Minden, NV 89423
Investment Highlights
- Two builidings - two parcels
- Walking distance to downtown Minden
- Longtime tenants
Executive Summary
Exceptional investment opportunity in the heart of downtown Minden featuring two parcels being sold together: a 4-plex and duplex for a total of six income-producing units. Each unit offers a desirable 2-bedroom, 1-bath floor plan with approximately 753 sq ft, providing strong rental appeal and consistent demand. Tenants enjoy individual small storage units for added convenience. Several units have been updated, while others offer value-add potential for cosmetic improvements and increased returns. Current ownership has maintained steady occupancy, with upside in rents that presents an excellent opportunity for investors to enhance cash flow over time. Located near shopping, dining, parks, and everyday amenities, this is a rare chance to acquire a multi-family portfolio in one of Northern Nevada's most sought-after small-town markets.1532 & 1534 County Road being sold together.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$80,492
|
$18.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,492
|
$18.33
|
| Taxes |
$4,113
|
$0.94
|
| Operating Expenses |
$35,612
|
$8.11
|
| Total Expenses |
$39,724
|
$9.04
|
| Net Operating Income |
$40,768
|
$9.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $80,492 |
| Annual Per SF | $18.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $80,492 |
| Annual Per SF | $18.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,113 |
| Annual Per SF | $0.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $35,612 |
| Annual Per SF | $8.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,724 |
| Annual Per SF | $9.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $40,768 |
| Annual Per SF | $9.28 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Storage Space
- Heating
- Kitchen
- Oven
- Tub/Shower
- Carpet
- Family Room
- Lawn
- Porch
- Smoke Free
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,231 CAD | 753 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
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1534 County Rd - 1532-1534 County Road
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