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670 Denslowe Dr 4 Unit Apartment Building $1,036,668 CAD ($259,167 CAD/Unit) 5.63% Cap Rate Reno, NV 89512
Investment Highlights
- Close proximity to the University of Nevada (UNR)
- Mini-Split Heating & Cooling
- In-Unit Washer & Dryer
Executive Summary
Well priced four-unit investment property with a proven track record of generating stable income for the owner. The close proximity to The University of Nevada Reno historically keeps vacancy low. 100% tenant occupied and generating over $54,000 in gross rental income. Current rents are below market, providing a new owner the opportunity to raise rents upon lease expiration to significantly increase income. Fantastic opportunity for entry level buyers and seasoned investors alike. Units have washer & dryers and mini-split heating & cooling. APOD available, just call. Tenant occupied - please do not disturb them
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$75,321
|
$25.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,884
|
$0.64
|
| Effective Gross Income |
$73,437
|
$24.76
|
| Taxes |
$1,540
|
$0.52
|
| Operating Expenses |
$13,502
|
$4.55
|
| Total Expenses |
$15,042
|
$5.07
|
| Net Operating Income |
$58,395
|
$19.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $75,321 |
| Annual Per SF | $25.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,884 |
| Annual Per SF | $0.64 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $73,437 |
| Annual Per SF | $24.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,540 |
| Annual Per SF | $0.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,502 |
| Annual Per SF | $4.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,042 |
| Annual Per SF | $5.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,395 |
| Annual Per SF | $19.69 |
Property Facts
| Price | $1,036,668 CAD | Lot Size | 0.14 AC |
| Price Per Unit | $259,167 CAD | Building Size | 2,966 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.63% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1952/2017 |
| Property Type | Multifamily | Parking Ratio | 1.35/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | MF30 - Multi-Family 30 Units per Acre | ||
| Price | $1,036,668 CAD |
| Price Per Unit | $259,167 CAD |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 2,966 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2017 |
| Parking Ratio | 1.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF30 - Multi-Family 30 Units per Acre |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Dining Room
- Double Pane Windows
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 741 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 008-013-09 | Total Assessment | $117,496 CAD (2026) |
| Land Assessment | $79,930 CAD (2026) | Annual Taxes | $1,540 CAD ($0.52 CAD/SF) |
| Improvements Assessment | $37,568 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
008-013-09
Land Assessment
$79,930 CAD (2026)
Improvements Assessment
$37,568 CAD (2026)
Total Assessment
$117,496 CAD (2026)
Annual Taxes
$1,540 CAD ($0.52 CAD/SF)
Tax Year
2025
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670 Denslowe Dr
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