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480 South Sierra Street 3 Properties in Reno, NV
Executive Summary
Located at the corner of Sierra Street and California Avenue, this mixed-use property sits right in the heart of Midtown’s rapidly changing and growing corridor. The asset includes both multifamily and commercial components, offering steady in-place cash flow, with a 2025 NOI of $246,197. The commercial space is leased to established, long-term tenants, while the residential units provide consistent income a value-add play over time. Overall, it’s a strong opportunity for investors looking for a well-located property with a mix of stability and upside. A complete accounting of income and expenses is available in the virtual due diligence vault. Please contact the listing brokers for a Non-Disclosure Agreement (NDA) to receive access to detailed ?nancials and the full offering memorandum.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 19,741 SF |
| Number of Properties | 3 | Total Land Area | 1.88 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 19,741 SF |
| Total Land Area | 1.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 0 California St, Reno, NV 89509 | Land | 1.12 AC | - | - |
| 480 S Sierra St, Reno, NV 89501 | Multifamily | 18,224 SF | 1940 | - |
| 460-464 S Sierra St, Reno, NV 89501 | Retail | 1,517 SF | 1932 | - |
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480 South Sierra Street
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