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80 Vine St 5 Unit Apartment Building $1,628,952 CAD ($325,790 CAD/Unit) 5.29% Cap Rate Reno, NV 89503
Executive Summary
Welcome to 80 Vine Street, a beautifully renovated property tucked into one of Reno's most walkable and established neighborhoods. Just blocks from downtown Reno's restaurants, shops, and entertainment, and within walking distance of the Truckee River and the University of Nevada, this property offers the rare combination of small-town charm and city convenience.
Built in 1987 and thoughtfully updated throughout, the property features five separate living spaces, one two-bedroom and four one-bedroom units, each finished with modern vinyl-plank flooring, refreshed cabinetry, and updated fixtures. Whether you're looking for a place to call home while the additional units help cover your monthly costs, or simply want a well-maintained property in a fantastic Reno location, 80 Vine Street delivers.
Four of the five units are currently leased, providing income from day one, while the fifth is move-in ready for an owner or new resident. On-site coin laundry adds everyday convenience.
Set in a state with no personal income tax, and just minutes from downtown Reno, the Sierra foothills, and Lake Tahoe, this property offers an easy, low-maintenance lifestyle in one of the region's most desirable pockets.
Built in 1987 and thoughtfully updated throughout, the property features five separate living spaces, one two-bedroom and four one-bedroom units, each finished with modern vinyl-plank flooring, refreshed cabinetry, and updated fixtures. Whether you're looking for a place to call home while the additional units help cover your monthly costs, or simply want a well-maintained property in a fantastic Reno location, 80 Vine Street delivers.
Four of the five units are currently leased, providing income from day one, while the fifth is move-in ready for an owner or new resident. On-site coin laundry adds everyday convenience.
Set in a state with no personal income tax, and just minutes from downtown Reno, the Sierra foothills, and Lake Tahoe, this property offers an easy, low-maintenance lifestyle in one of the region's most desirable pockets.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$116,690
|
$37.85
|
| Other Income |
$224
|
$0.07
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,913
|
$37.92
|
| Taxes |
$7,067
|
$2.29
|
| Operating Expenses |
$23,675
|
$7.68
|
| Total Expenses |
$30,742
|
$9.97
|
| Net Operating Income |
$86,172
|
$27.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,690 |
| Annual Per SF | $37.85 |
| Other Income (CAD) | |
|---|---|
| Annual | $224 |
| Annual Per SF | $0.07 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $116,913 |
| Annual Per SF | $37.92 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,067 |
| Annual Per SF | $2.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,675 |
| Annual Per SF | $7.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,742 |
| Annual Per SF | $9.97 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $86,172 |
| Annual Per SF | $27.95 |
Property Facts
| Price | $1,628,952 CAD | Building Class | C |
| Price Per Unit | $325,790 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,083 SF |
| Cap Rate | 5.29% | Average Occupancy | 80% |
| Gross Rent Multiplier | 13.93 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1987/2020 |
| Property Type | Multifamily | Parking Ratio | 1.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MD-PD | ||
| Price | $1,628,952 CAD |
| Price Per Unit | $325,790 CAD |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| Gross Rent Multiplier | 13.93 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,083 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2020 |
| Parking Ratio | 1.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MD-PD |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,788 CAD | 576 - 644 |
| 2+2 | 1 | $2,762 CAD | 1,056 |
| 1+1.5 | 1 | $1,912 CAD | 747 |
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Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 011-091-13 | Total Assessment | $192,553 CAD (2026) |
| Land Assessment | $90,478 CAD (2026) | Annual Taxes | $7,067 CAD ($2.29 CAD/SF) |
| Improvements Assessment | $102,076 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
011-091-13
Land Assessment
$90,478 CAD (2026)
Improvements Assessment
$102,076 CAD (2026)
Total Assessment
$192,553 CAD (2026)
Annual Taxes
$7,067 CAD ($2.29 CAD/SF)
Tax Year
2025
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80 Vine St
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